Snap Acquires Social Calendar App Saturn Founded In 2018 With $44 Million Backing

Snap has acquired Saturn, a social calendar app aimed at helping high school and college students manage and share their schedules. The financial terms of the deal were not disclosed, but nearly all of Saturn’s team, comprising just under 30 employees, will join Snap.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: Not disclosed
• Company Name: Saturn
• Founding Year: 2018
• Headquarters: Not specified
• Notable Investors: General Catalyst, Insight Partners, Coatue, Jeff Bezos, Marc Benioff

Saturn will continue to operate independently as Snap aims to integrate Saturn’s calendaring expertise into Snapchat. The app has successfully raised a total of $44 million from various investors since its inception.