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Corporate advises Highland Tech Ltd on its participation in Snappy Shopper’s £19.4m Series A

Posted on 16 July 2021

The Corporate Group, led by Richard Tyler and James Paterson, with support from Oliva Ross, has advised Highland Tech Ltd on its participation in Snappy Shopper’s £19.4m Series A. The Series A was led by Paypoint PLC and alongside Highland Tech Ltd included Mercia, Maven VCT, Kelvin Capital and Justin King (ex-CEO of Sainsburys).

Founded in 2017, The Snappy Shopper app offers goods from local convenience stores in 30 minutes working in partnership with existing local businesses embedded in their communities (including Spar, Nisa and Costcutter). With the Snappy model, retailers retain control over their home delivery service. They are provided with a flexible tech solution that enables superior customer choice, in-store pricing and special offers, tailored to the needs of each individual neighbourhood. Retailers can increase revenue significantly with average basket spend more than trebling online compared to in-store purchases. The Snappy Shopper group also operates the Hungrrr platform – a website and app ordering solution for hospitality venues.  

Lord Laidlaw, Chairman, Highland Tech, commented:

The Snappy Group is one of the most exciting Scottish tech companies and we are hugely impressed with its trajectory so far. We are delighted to be part of the success story going forward. It was great working with Richard and James and the Mishcon team on this successful investment. The team brought invaluable guidance and insights, as well as commercial acumen, to all aspects of the deal and we are grateful for their valued and trusted advice.” 

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