Snaptu

Improves the Way the World Uses Mobile Web

Acquired (Inactive) by Meta on Sep 2011 - closed due to acquisition

Company Overview

Snapshot

Founded in January 1994, Snaptu operated with 11–50 employees. The company raised $6 million across one funding round from two investors, including Sequoia Capital. Snaptu was acquired by Meta in September 2011.

Business overview

Snaptu developed a product and company focused on enhancing mobile web usage globally. Its core offering was a mobile application designed to provide a fast, engaging, and efficient user experience for popular mobile internet applications across various mobile phones. The company served mobile consumers and also provided online service providers, media companies, and content owners with a rapidly expanding global channel requiring minimal setup or investment. Snaptu operated within the Social Media and Advertising sector, specializing in Digital Content Distribution and Engagement & Entertainment, leveraging mobile platforms to reach consumers and enterprises in software development and social media.

Strategic signal

In March 2011, Snaptu was acquired by Facebook, a move that integrated its mobile application technology into Facebook's ecosystem. This acquisition signaled a strategic shift for Snaptu, transitioning from an independent mobile web enhancer to a key component within a major social media platform, validating its technology and market approach for mobile user engagement.

Company Intelligence Q&A

What was a significant corporate milestone for Snaptu?
Snaptu was acquired by Meta in September 2011, leading to the closure of its independent operations.
When was Snaptu founded?
Snaptu was founded in January 1994.
How much capital did Snaptu raise in total?
Snaptu raised a total of $6 million across one funding round in June 2010 from investors including Viola Ventures and Sequoia Capital.
Which investors participated in Snaptu's funding round?
In June 2010, Snaptu received funding from investors including Viola Ventures.
What was the news regarding Snaptu in March 2011?
In March 2011, it was reported that Facebook intended to acquire Snaptu, an app maker.

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