# Snapwire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snapwire

- Industry: Internet
- Headquarters: Santa Barbara, US
- Website: www.snapwi.re
- Latest round: Seed (Sep 19, 2017)
- Investors on record: 1

## About

Snapwire is a creative platform specializing in connecting photographers and videographers with brands seeking high-quality visual content through engaging challenges and a community-driven marketplace.Snapwire operates as a platform that connects visual creators with brands needing original content. Founded by Chad Newell, who has a history of entrepreneurial ventures, Snapwire is headquartered in Santa Barbara, US. In June 2022, StudioNow, Inc., a portfolio company of Claritas Capital and Clayton Associates, acquired Snapwire for undisclosed financial terms. The latest funding round was the Seed round, during which Snapwire raised USD 1.40 mn, bringing the total amount raised to USD 1.40 mn.Snapwire's core offerings focus on a platform that allows photographers and videographers to showcase their work and participate in creative challenges. Users can submit their photography in response to specific briefs, with the possibility of their work being featured in a diverse Marketplace. This platform supports both professional and amateur photographers globally, allowing them to build portfolios and earn opportunities through a points-based leveling system for commissioned assignments.Snapwire generates revenue through transactions in its marketplace and commissioned assignments. Clients, including brands and production companies, can hire photographers and videographers for specific projects, resulting in B2B engagements and direct-to-consumer transactions. Pricing structures typically involve commission fees on projects, supplemented by potential subscription models for enhanced visibility within the Marketplace, focusing on the submission and promotion of photographic content.Snapwire's acquisition by StudioNow, Inc. positions the company to lead in the original visual content market. The funding from the Seed round will support Snapwire in enhancing its platform and expanding its services. Future initiatives include the launch of new products designed to improve user experience and engagement. Plans are underway to expand into new geographic markets, specifically targeting North America and Europe by 2023.

## Funding rounds

- Seed, Sep 19, 2017 — Alchemist Accelerator

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed