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-0.000562667041778116 -0.00154733436488957 -0.00407933605289079 -0.000984667323111453 0.00858067238711492 0.0185680123786748 0.0234913489942327 0.0203966802644536
Stock impact report

SNAK Venture Partners raises $50M fund to back vertical marketplaces [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
SNAK founders Sonia Nagar and Adam Koopersmith worked at the firm and helped lead investments in companies like the auto marketplace Backlot Cars and TicketsNow (exited to Ticketmaster). The duo decided to break out on their own and, earlier this year, launched their firm to back digital marketplaces. “It felt like the timing was right and there was support within the firm to go do this,” Nagar said. The vision is that there is still so much to digitize, like in supply chain and construction, and this is the moment to strike because even holdout industries are more comfortable adopting new technology as fintech architecture advances. “If you look at the biggest venture wins over the last decade,” she said, pointing to the likes of Uber, Instacart, and Airbnb, “those are five of the top 10 outcomes in venture.” As in those companies that raised billions from investors, went on to IPO, and returned millions to them. “Most of those wins were in consumer, which tends to be faster Show less Read more
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