SNAPSHYFT

SNAPSHYFT

Maximum mobility & a frictionless hustle while eliminating bias and discrimination - Supercharging the way businesses staff up and how qualified workers generate additional income.

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Security Type
Common Stock
Categories
Other
Min Investment
$99
Location
Indianapolis, IN
Offering Date
March 11, 2020
Expected Close Date
October 09, 2020
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Share: $0.41

Valuation
$5,036,975

Company Description

The SNAPSHYFT Labor Marketplace is a Staffing-as-a-Service software and mobile app connecting food service and food manufacturing businesses with fully vetted & experienced professionals, on-demand.

We help fill shifts fast — combining the best attributes of the gig-economy and HR Tech marrying fully screened & experienced workers to short-term work opportunities in food production & packaging, food service, hospitality, and dietary services; achieving unheard of results in the process — like our 94%+ successful shift fulfillment rate. This is a BIG DEAL because businesses cannot staff or train that which they do not have (i.e. available qualified workers). The massive yet highly fragmented $140 Billion temp/contract industry is ripe for disruption for myriad reasons, including the undeniable fact existing third-party services don't deliver what the businesses require. These incumbents are being displaced in the future of work.

Key Deal Facts

SoGal Top Finalist: Global Pitch Competition 2019-2020
Selected TOP 15 Startup of the Year 2019
TechCrunch TOP PICK: Social Impact 2019
The Pitch Podcast: Episode #81
Powderkeg TOP RATED Emerging Culture 2019
Indiana Innovation Award 2018
New Startup of the Year: Top Finalist 2018, MIRA Awards
Tech Service of the Year: Top Finalist 2018, MIRA Awards
Indy Startup Challenge: Winner 2017
Visit Indy
Choose Chicago
BottomsUp Beer
Indiana Restaurant & Lodging Association
Indiana Economic Development Corporation (IEDC), which has provided

Use of Proceeds

  • Working Capital
  • Sales and Marketing
  • Development
  • Operations
  • Intermediary fees

Management Team / Advisory Board Bios

Thor Wood
Founder/CEO
15+ years in hospitality/F&B plus 13+ years in staffing/recruiting, most recently leading N+FOB’s growth from $24M to over $100M in annual revenue. Prior to SNAPSHYFT, Thor operated his own successful staffing firm working with Matson, BTB Logistics, LDi, among others.

Stephanie Corliss
Co-Founder/COO
20+ years in operations, finance, accounting and HR experience working at non-profits and Fortune 500 companies including Novellus and Source Interlink Companies. She also worked in operations & management at high-end resorts and country clubs, and casinos.

Tony Spelde
CTO
20+ years engineering, 16+ years at Cummins, deploying HR systems across the globe. Tony has in-depth knowledge of recruiting, HRMS and payroll systems & processes, and led a team of 300 in the development of desktop, mobile and embedded software.

Deal Notes

Price per Share: $0.41

Amount Raised : $45,535
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Security Description

Common stock is a security that represents ownership in a corporation.

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