In the eight months since its launch, SnackMagic has managed to hit a $20 million revenue run rate, becoming profitable in December. Now, the company plans to use this fresh funding to further build out its warehouse capacity and logistics support for its growing line of products.
Launched in 2013, they’ve managed to put together a group of cool, quirky people who are legitimately passionate about what is an otherwise pretty unsexy sounding industry: creating reimbursement software.