-33%

est. 2Y upside i

Vertical SaaSSeries B

Order ahead at restaurants and get rewards with friends.

Rank

#2988

Sector

FoodTech / Restaurant Technology / Consumer Applications

Est. Liquidity

~3Y

Data Quality

Data: Low

Snackpass equity carries severe downside risk due to a $95M preference stack against a ~$44.5M secondary valuation.

Last updated: July 3, 2026

Bull (10%)+90%

If Snackpass capitalizes on social network effects and IPO window opens, multiple expands to 6x on $15.6M revenue, yielding ~2.1x gross return; after 20% dilution, net upside ~90%.

Base (35%)+38%

Multiple converges to ~4.5x on moderate growth, resulting in $70M exit value; after dilution, net upside ~38%.

Bear (55%)-100%

Exit value ($39M) falls below $95M liquidation preference, common stock recovers nothing; total loss of invested equity value.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

21350%

Total preferred liquidation preference of $95.1M exceeds current implied valuation by $50.6M; common stock only has value if exit exceeds $95M.

Dilution Risk

moderate

Assuming a 20% dilution in a future round to fund operations.

Secondary Liquidity

limited

Secondary market implies a ~$44.5M valuation, far below the last round, indicating limited liquidity and downward pressure.

Other — 2 roles

View all 2 open roles at Snackpass →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Snackpass's data — designed to show you've done your homework.

  • 1

    “How do you plan to compete against Toast's deep POS integration?”

  • 2

    “How does the social commerce model drive repeat usage and unit economics?”

  • 3

    “What is the current secondary market implying about the company's trajectory and how does that affect equity value?”

Community

Valuation Sentiment

Our model estimates -33% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.