Latest news with #ThomasKrane
Los Angeles Times
4 days ago
- Business
- Los Angeles Times
Snappt Acquires Trigo to Enhance Applicant Trust Platform for Multifamily Housing, Secures $50M Growth Financing
Strategic growth financing accelerates expansion through acquisition and supports product innovation Los Angeles-based Snappt, a platform for applicant trust in multifamily housing, has announced it has acquired Trigo, a company known for its breakthrough technology in verifying rental payment history. Backed by a $50-million committed facility from Hercules Capital, Inc., the acquisition expands Snappt's platform and strengthens its ability to help property managers make faster, more confident leasing decisions. Together, these milestones mark a major step toward building the industry's most complete and trusted solution embedded into the application and screening process. 'This moment marks a major leap forward for Snappt,' said James Hyde, CEO of Snappt. 'With the backing of Hercules Capital and the strategic acquisition of Trigo, we're not just expanding our platform; we're accelerating our vision for a fully integrated trust infrastructure that meets the evolving needs of property managers. These combined milestones enable us to deliver faster, more secure leasing decisions while setting a new standard for accuracy and transparency across the rental journey.' 'Snappt has consistently demonstrated category leadership through product innovation and customer obsession,' said Thomas Krane, managing director at Insight Partners. 'Their evolution from point solution to platform – and now, with the acquisition of Trigo, a fully integrated trust infrastructure – reinforces why we continue to back their vision. Snappt is solving one of the most urgent and complex challenges in multifamily housing: establishing trust at scale.' Property managers are facing rising pressure to reduce risk, streamline leasing workflows and minimize costly evictions. Snappt's Applicant Trust Platform helps property managers spot fake pay stubs, altered bank statements and other forms of application fraud while confirming key indicators of tenant reliability, like verified rent payment history, income, identity, assets and employment. The result: faster approvals and greater confidence that applicants are both qualified and likely to pay rent on time, which in turn builds a community you can trust. 'Trigo was founded on the idea that the best predictor of someone's ability to pay rent is if they paid rent in the past,' said Sam Stein, CEO and co-founder of Trigo. 'We're excited to join forces with Snappt to scale our impact and bring verification innovation to more leasing teams across the country.' The acquisition of Trigo deepens Snappt's capabilities in applicant trust and enables it to natively support one of property managers' most requested proof points: verified rental payment history. Combined with Snappt's industry-leading fraud detection capabilities, the expanded platform enables operators to make faster, more confident leasing decisions while improving accessibility for qualified renters. 'Hercules Capital is excited to partner with Snappt as they continue to provide an industry-leading platform for applicant trust,' said Ruslan Sergeyev, managing director at Hercules Capital. 'Snappt's vision for an end-to-end trust infrastructure resonated deeply with us. Their proven AI-powered technology, rapid growth and commitment to product innovation make them a compelling partner as they continue to scale.' These milestones underscore a period of strong momentum for Snappt, marked by the recent appointment of CEO James Hyde, continued product innovation and strategic partnerships with industry leaders, like Mastercard and Tenant Cloud. Since its founding in 2019, Snappt has analyzed over 14 million documents with 99.8% accuracy, preventing more than $1.9 billion in potential bad debt. Information sourced from Businesswire. Learn more by contacting snappt@
Business Wire
6 days ago
- Business
- Business Wire
Snappt Acquires Trigo to Enhance Applicant Trust Platform for Multifamily Housing, Secures $50M Growth Financing
LOS ANGELES--(BUSINESS WIRE)-- Snappt, the leading platform for applicant trust in multifamily housing, today announced it has acquired Trigo, a company known for its breakthrough technology in verifying rental payment history. Backed by a $50 million committed facility from Hercules Capital, Inc. (NYSE: HTGC), the acquisition expands Snappt's platform and strengthens its ability to help property managers make faster, more confident leasing decisions. Together, these milestones mark a major step toward building the industry's most complete and trusted solution embedded into the application and screening process. 'This moment marks a major leap forward for Snappt,' said James Hyde, CEO of Snappt. 'With the backing of Hercules Capital and the strategic acquisition of Trigo, we're not just expanding our platform, we're accelerating our vision for a fully integrated trust infrastructure that meets the evolving needs of property managers. These combined milestones enable us to deliver faster, more secure leasing decisions while setting a new standard for accuracy and transparency across the rental journey.' 'Snappt has consistently demonstrated category leadership through product innovation and customer obsession,' said Thomas Krane, Managing Director at Insight Partners. 'Their evolution from point solution to platform—and now, with the acquisition of Trigo, a fully integrated trust infrastructure—reinforces why we continue to back their vision. Snappt is solving one of the most urgent and complex challenges in multifamily housing: establishing trust at scale.' Property managers are facing rising pressure to reduce risk, streamline leasing workflows, and minimize costly evictions. Snappt's Applicant Trust Platform helps property managers spot fake pay stubs, altered bank statements, and other forms of application fraud while confirming key indicators of tenant reliability like verified rent payment history, income, identity, assets, and employment. The result: faster approvals and greater confidence that applicants are both qualified and likely to pay rent on time, which in return builds a community you can trust. 'Trigo was founded on the idea that the best predictor of someone's ability to pay rent is if they paid rent in the past,' said Sam Stein, CEO and Co-Founder of Trigo. 'We're excited to join forces with Snappt to scale our impact and bring verification innovation to more leasing teams across the country.' The acquisition of Trigo deepens Snappt's capabilities in applicant trust and enables it to natively support one of property managers' most requested proof points: verified rental payment history. Combined with Snappt's industry-leading fraud detection capabilities, the expanded platform enables operators to make faster, more confident leasing decisions while improving accessibility for qualified renters. "Hercules Capital is excited to partner with Snappt as they continue to provide an industry-leading platform for applicant trust,' said Ruslan Sergeyev, Managing Director at Hercules Capital. 'Snappt's vision for an end-to-end trust infrastructure resonated deeply with us. Their proven AI-powered technology, rapid growth, and commitment to product innovation make them a compelling partner as they continue to scale." These milestones underscore a period of strong momentum for Snappt, marked by the recent appointment of CEO James Hyde, continued product innovation, and strategic partnerships with industry leaders like Mastercard and Tenant Cloud. Since its founding in 2019, Snappt has analyzed over 14 million documents with 99.8% accuracy, preventing more than $1.9 billion in potential bad debt. Today, its solutions protect over 2.2 million rental units and are trusted by many of the nation's top property management companies. In the transactions, Hercules Capital, Inc. was represented by Will Gerber from Morrison & Foerster LLP. Trigo, Inc. was represented by Michael Fesher from Quarles & Brady LLP. Snappt, Inc. was represented by Stephen Fisher, Will Black, Liz Malmen, and Steve Krafcik from Fenwick & West LLP. About Snappt Snappt is an AI-powered applicant fraud detection and income verification solution for multifamily property managers. Since its inception in 2019, Snappt's technology has been adept at identifying even the slightest document alterations, saving leasing teams time while reducing bad debt and evictions. As the market leader for fraud detection, Snappt has analyzed over 14 million documents with an impressive accuracy rate of 99.8%. They are the only fraud detection company that conducts proactive fraud research, and they were recently ranked #1 in AI on the Inc. 5000 list. Visit
Yahoo
01-08-2025
- Business
- Yahoo
Term sheets, traction, and truth bombs: inside the Series A mindset at TechCrunch Disrupt 2025
At TechCrunch Disrupt 2025, taking place October 27–29 at Moscone West in San Francisco, we're getting real about what it takes to land a Series A in today's market — no smoke, no mirrors, just the unfiltered perspective from the people signing the checks. Series A has changed — here's how to win in 2026 This Builder Stage session brings together three power players in early-stage investing: Katie Stanton (Moxxie Ventures), Thomas Krane (Insight Partners), and Sangeen Zeb (GV). They've seen thousands of decks, led major rounds, and helped steer startups from scrappy beginnings to breakout scale. This conversation goes deeper than the headlines. From the metrics that matter and how to tell your growth story, to what causes investors to walk away — you'll hear what actually moves a pitch from 'maybe' to 'we're in.' Meet the VCs who know how to spot a rocket ship Katie Stanton brings a track record most operators only dream of. From Twitter and the Obama White House to backing more than 100 early-stage companies like Airtable, Calm, and Carta, she's built Moxxie Ventures on conviction and founder-first instincts. Thomas Krane has spent over a decade at Insight Partners, climbing from analyst to managing director while backing some of the biggest names in software and cybersecurity. With IPO wins like JFrog and SentinelOne, he knows what scalable traction looks like — and how to fund it. Sangeen Zeb is a general partner at GV with an eye for enterprise and AI. His board work spans companies like Vercel and Harvey, and he's helped lead investments in some of the most talked-about growth stories in tech. Your Series A isn't just a round — it's a reset The market is tighter, the stakes are higher, and this is the session founders can't afford to miss. Learn what it takes to raise on your terms and build for the long game. Lock in your seat at TechCrunch Disrupt 2025 now to save up to $675 and join 10,000+ startup and VC leaders in the room where deals — and futures — get made.
TechCrunch
01-08-2025
- Business
- TechCrunch
Inside the Series A mindset at Disrupt 2025
At TechCrunch Disrupt 2025, taking place October 27–29 at Moscone West in San Francisco, we're getting real about what it takes to land a Series A in today's market — no smoke, no mirrors, just the unfiltered perspective from the people signing the checks. Series A has changed — here's how to win in 2026 This Builder Stage session brings together three power players in early-stage investing: Katie Stanton (Moxxie Ventures), Thomas Krane (Insight Partners), and Sangeen Zeb (GV). They've seen thousands of decks, led major rounds, and helped steer startups from scrappy beginnings to breakout scale. This conversation goes deeper than the headlines. From the metrics that matter and how to tell your growth story, to what causes investors to walk away — you'll hear what actually moves a pitch from 'maybe' to 'we're in.' Meet the VCs who know how to spot a rocket ship Katie Stanton brings a track record most operators only dream of. From Twitter and the Obama White House to backing more than 100 early-stage companies like Airtable, Calm, and Carta, she's built Moxxie Ventures on conviction and founder-first instincts. Thomas Krane has spent over a decade at Insight Partners, climbing from analyst to managing director while backing some of the biggest names in software and cybersecurity. With IPO wins like JFrog and SentinelOne, he knows what scalable traction looks like — and how to fund it. Sangeen Zeb is a general partner at GV with an eye for enterprise and AI. His board work spans companies like Vercel and Harvey, and he's helped lead investments in some of the most talked-about growth stories in tech. Your Series A isn't just a round — it's a reset The market is tighter, the stakes are higher, and this is the session founders can't afford to miss. Learn what it takes to raise on your terms and build for the long game. Lock in your seat at TechCrunch Disrupt 2025 now to save up to $675 and join 10,000+ startup and VC leaders in the room where deals — and futures — get made.
