- Super.com raised $85 million in a Series C funding round led by Inovia Capital.
- Super.com did not disclose its current valuation but said that it has “increased significantly” since 2021.
- Super.com rebranded from Snapcommerce in October of last year.
Super.com is bringing in an $85 million investment today in a Series C fundraising round that boosts the company’s total funding to $186 million. While there is no update on Super.com’s current valuation, the company noted that it has “increased significantly” since it closed its Series B round in March of 2021.
The round was led by Inovia Capital with contributions from new investors Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, and Mike Lee. Existing investors Telstra Ventures, Acrew, Lion Capital, Full In Partners, NBA star Steph Curry, and others also contributed.
“Raising our Series C is proof of investor confidence in our ability to scale the business responsibly. This will allow us to both continue investing in growth while driving improving margins,” said company CFO Daniel Weisenfeld.
Super.com rebranded from Snapcommerce in October of last year and offers a savings app to help users save money, access credit, and find travel experiences. In 2022, the company launched SuperCash, a secured credit card product that offers cashback while helping users build their credit.
In addition to helping consumers track their SuperCash transactions, the Super.com app also offers deals and savings opportunities when purchasing travel experiences and shopping major brands. Since the company was founded in 2016, it has helped its five million customers save more than $150 million.
“Super.com’s diversified business model now drives savings across all facets of our customers’ lives, from travel to fintech. It’s great to see market excitement match our own as we rapidly build the first savings super app focused on everyday Americans,” said Super.com CEO Hussein Fazal.