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Snappt Acquires Trigo to Enhance Applicant Trust Platform for Multifamily Housing, Secures $50M Growth Financing

1. Snappt acquired Trigo, supported by a $50 million facility from HTGC. 2. This boosts Snappt's ability in multifamily housing applicant verification.

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FAQ

Why Bullish?

The $50 million commitment by HTGC supports a high-growth acquisition. Historically, similar investments in tech-enabled platforms have seen positive market responses.

How important is it?

The investment in a tech company aligns with HTGC's growth strategy, likely driving investor interest.

Why Long Term?

As Snappt expands, HTGC's portfolio value may increase over time through enhanced growth.

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SNPTTRGO
LOS ANGELES--(BUSINESS WIRE)--Snappt, the leading platform for applicant trust in multifamily housing, today announced it has acquired Trigo, a company known for its breakthrough technology in verifying rental payment history. Backed by a $50 million committed facility from Hercules Capital, Inc. (NYSE: HTGC), the acquisition expands Snappt's platform and strengthens its ability to help property managers make faster, more confident leasing decisions. Together, these milestones mark a major step.

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