# snailbuy.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snailbuy-com

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.snailbuy.com
- Latest round: Angel (Jun 27, 2016)
- Investors on record: 1

## About

SnailBuy is an innovative platform that simplifies procurement for businesses by offering an extensive range of products and services to enhance operational efficiency and streamline purchasing processes.Founded in 2015 in Beijing, China, SnailBuy specializes in providing e-commerce solutions tailored for procurement. The company was established by Gengbin Zhang, who has previously been involved in other ventures. SnailBuy raised Angel funding in June 2016 from Hongtai Capital Holdings, marking its first investment round with a total of one deal completed.SnailBuy offers a unique platform designed to streamline the procurement process for businesses, providing an extensive range of products and services tailored to the needs of various industries. Its core offerings include a sophisticated e-commerce solution that facilitates bulk purchasing, inventory management, and supply chain optimization specifically for small to medium-sized enterprises. The company primarily serves clients in the retail, manufacturing, and construction sectors, focusing on urban markets in North America and Europe.Revenue generation for SnailBuy is primarily driven through a subscription-based model, where clients pay monthly fees for access to the platform's comprehensive suite of services. Transactions typically occur between SnailBuy and its clients, with businesses engaging in direct procurement through the platform to acquire necessary products at competitive prices. The service includes various pricing tiers tailored to different business sizes, providing flexibility based on procurement needs. Additionally, SnailBuy may engage in B2B partnerships with wholesalers and suppliers, enhancing its value proposition to clients and allowing for scalable growth.SnailBuy plans to leverage the recent Angel funding raised in June 2016 to enhance its service offerings and develop new products aimed at improving the procurement experience for businesses. The company is targeting expansion into additional urban markets across Europe and North America by 2018, which includes launching features designed to facilitate international procurement. This strategic growth will focus on developing partnerships with key suppliers and exploring innovative procurement solutions to better serve its growing client base.

## Funding rounds

- Angel, Jun 27, 2016 — Hongtai Aplus

## Investors

- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Angel