Snag

Based in the US, Snag, operates as a real estate listing platform for sublets and monthly rentals, catering to students and young professionals seeking short-term housing. Based in New York, the US and founded in 2025, Snag provides an online platform for sublets and monthly rentals. The funding will be used to expand its engineering and data teams, enhance automated inventory verification features, and grow user acquisition efforts in major rental markets. Snag specializes in facilitating short-term rental and subletting solutions tailored primarily for students in urban markets.

The platform allows users to find trusted sublets and monthly rentals quickly and efficiently, addressing common challenges related to housing transitions. Snag's core offerings streamline the subletting process, enabling students to list their places or find accommodations according to their specific needs, focusing on private rooms and one-bedroom apartments. The service has been well-received by approximately 30,000 students who have successfully secured their sublets through the platform. The revenue model of Snag is significantly dependent on transaction-based engagements within the rental ecosystem, involving B2C interactions.

Customers engage with the platform to find suitable rental options, where Snag charges either a commission on successful transactions or service fees associated with listings. This structure may involve listing fees for those who sublet their properties or a percentage fee for each successful rental agreement, positioning Snag as a flexible solution for both renters and property owners. The company plans to expand its engineering and data teams, enhance automated inventory verification features, and grow user acquisition efforts in major rental markets.