-74%

est. 2Y upside i

Vertical SaaSSeries B

Order ahead at restaurants and get rewards with friends.

Rank

#3663

Sector

FoodTech, Social Commerce, Restaurant Technology

Est. Liquidity

~3Y

Data Quality

Data: Medium

Snackpass operates in a large, competitive FoodTech market with a moderate competitive moat built on social features and lower restaurant commissions.

Last updated: March 10, 2026

Bull (15%)+150%

Snackpass successfully leverages its social features and lower commission model to expand aggressively beyond college campuses into major cities, securing key partnerships like Presotea and fending off incumbents by focusing on the high-margin pickup market. Revenue grows to $100M+ by 2028, justifying a $1B valuation (10x revenue) and a +150% upside.

Base (45%)+25%

Snackpass continues to grow steadily in its niche, expanding its restaurant base and user engagement, but faces ongoing pressure from large incumbents offering similar pickup options. Revenue reaches $30M-$40M by 2028, leading to a modest valuation increase to $500M (12.5-16.7x revenue) and a +25% upside.

Bear (40%)-60%

Dominant food delivery platforms intensify their focus on pickup and loyalty programs, eroding Snackpass's market share and competitive advantage. Coupled with internal operational challenges, including the reported employee reduction, and a challenging fundraising environment, Snackpass struggles to grow into its valuation. A down round or acquisition at a significantly lower valuation of $160M (4x revenue) results in a -60% valuation decline, with common stock holders seeing minimal returns due to liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

24%

Investors hold $95M in liquidation preferences, meaning in an exit at or below the current $400M valuation, common stock holders may receive little or nothing after preferred shareholders are paid out.

Dilution Risk

high

As a Series B company, Snackpass will likely undergo at least one to two more significant funding rounds before a potential liquidity event, leading to further dilution for current equity holders.

Secondary Liquidity

limited

While platforms like Forge and EquityZen list Snackpass, actual liquidity for common stock is not guaranteed and depends on company policies and market interest.

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

    “Given the strong presence of DoorDash and Uber Eats in the pickup space, how does Snackpass plan to sustain its competitive advantage beyond lower commissions, especially as incumbents could easily match or undercut pricing?”

  • 2

    “The company's revenue is currently around $15M with a $400M valuation. What are the key growth levers and milestones Snackpass aims to achieve in the next 24 months to grow into this valuation and prepare for future funding rounds?”

  • 3

    “With $95M in total funding on a $400M valuation, there's a meaningful preference stack. How does Snackpass communicate the potential impact of this preference stack on common stock equity to employees, and what's the anticipated timeline for a liquidity event?”

Community

Valuation Sentiment

Our model estimates -74% 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.