Hercules Capital, Inc. (NYSE: HTGC) announced on August 5, 2025, that it has provided a $50 million committed facility to Snappt, a leading platform for applicant trust in multifamily housing. This financing supports Snappt's strategic growth and product innovation.
Snappt utilized this growth financing to acquire Trigo, a company known for its technology in verifying rental payment history. This acquisition expands Snappt’s platform, strengthening its ability to help property managers make faster and more confident leasing decisions.
Ruslan Sergeyev, Managing Director at Hercules Capital, expressed excitement about partnering with Snappt, recognizing its AI-powered technology, rapid growth, and commitment to product innovation. This investment aligns with Hercules Capital's strategy of backing innovative companies with strong market positions.
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