Monday, January 11, 2021

Snap Buys StreetCred

Los Angeles-based Snap has acquired New York City-based StreetCred, a developer of location data and mapping software, according to reports. Financial terms of the acquisition were not announced. Snap appears to be using StreetCred to bolster the development of its Snap Map feature. According to reports, four of StreetCred's employees, including its two founders, are joining Snap as part of the acquisition. Snap is the parent company of Snapchat.

---