Funding
SNOCAP was backed by Ron Conway, Morgenthaler Ventures, WaldenVC, and Court Square Ventures, a Charlottesville, Virginia-based venture capital firm that provided key funding and support (and which also partnered with a local newspaper, The Hook, to promote the SNOCAP service with a downloading contest).
Coinciding with its launch in December 2004, SNOCAP announced it had raised $10 million in funding from WaldenVC and Morgenthaler Ventures.
SNOCAP announced a $15 million Series C financing in March 2006, with participation from Court Square Ventures, WaldenVC and Morgenthaler Ventures.
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