Snapshift SAS

Snapshift SAS is a personnel management software company that specializes in streamlining human resource processes, enhancing operational efficiency for businesses across various sectors. Founded in 2016 and headquartered in Paris, France, Snapshift SAS develops software solutions for personnel management. The company has undergone strategic pivots to better serve SMEs, focusing on the restaurant, hotel, and retail sectors. Olivier Severyns, the founder, has a history in entrepreneurship, contributing to the company's vision.

Snapshift has raised a total of EUR 24. 76 million through 8 funding deals, with the most recent being a Series A round on January 18, 2022, led by Highland Europe. The investment attracted additional participation from Bpifrance Investissement and UL Invest, contributing to a current company valuation of EUR 120. 135 million.

Snapshift SAS offers Combo, a comprehensive personnel management and planning software designed to simplify human resource processes, from scheduling to payroll. The software allows businesses to track employee absences, delays, and leave requests efficiently. Key features include digital time tracking and payroll processing with minimal data entry. Combo serves a diverse clientele, particularly in the retail, hospitality, and food service sectors, and is widely used in France and Spain, providing solutions that enhance workforce management.

The company's revenue model primarily relies on subscription-based access to its software, allowing clients to utilize Combo for their HR needs. The tiered pricing plans cater to different business sizes, promoting a scalable approach for small businesses to large enterprises. Clients subscribe to features such as payroll preparation and compliance tracking on a recurring basis, fostering customer loyalty. Combo remains central to Snapshift's revenue stream, emphasizing its integral role in the company's value proposition.

In January 2022, Snapshift SAS raised EUR 24. 76 million in Series A funding, led by Highland Europe, to expand its services to all SMEs in the restaurant, hotel, and retail sectors across Europe, starting with Spain as its first target market. The funding will enhance product development and broaden market reach, aligning with the company's strategy to leverage its software solutions for workforce management to meet the needs of growing businesses.