On Tuesday, digital fundraising platform Snap Mobile Inc. raised a $90 million Series B. The company’s technology is focused on facilitating fundraising for high school athletic programs.
Led by Elysian Park Ventures, the private investment arm affiliated with the ownership group of the Los Angeles Dodgers, the round will accelerate the company’s expansion and development of a full-service financial management platform for its Snap Raise segment.
Snap Raise is structured so high school athletic programs can fund their seasons and raise money year-round. To date, it has helped groups raise more than $430 million.
The platform allows users to track, budget, and manage spending at the school and district levels while allowing them to keep 80% of funds raised.
Outside of athletic programs, Snap Raise also serves clubs, art programs, and activity groups.
In addition to Snap Mobile, Elysian Park is an investor in E|L1 Sports, a company that pairs young athletes with world-class instructors, and Robin, a sports-centric brand-building company.
