Funding

[Funding alert] French SaaS Firm, Scnd” Raises €4 million in Funding

Oct 6, 2023 | By Startup Rise EU

The French SaaS platform scnd has secured a €4 million investment round for services marketplaces. In this round, 42Cap and Partech provided support.

The French SaaS platform scnd has secured a €4 million investment round for services marketplaces. In this round, 42Cap and Partech provided support.

The company says the choice to raise money was made in order to "seize the current market momentum." It offers a white-labeled ecommerce solution for the services industry to take bookings for their services.

Read also - French Startup Kamino Retail Secures €1.25m Pre-Seed Round Funding

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The additional capital will allow the business to expand its presence in existing areas and look into new growth prospects.

Read also - Brussels-based Proptech Startup Izix Raises €3 Mn Series A Funding

Alex Meyer, 42Cap said, “scnd's dedication to reshaping the service e-commerce landscape aligns perfectly with our vision for innovation in the tech industry. We're proud to support their journey and excited to see the positive impact they'll continue to make,”.

Read also - Nord Security Raises $100 Mn funding at a $3 Bn valuation

Additionally, it brought a few fresh faces to the scnd team. Sam Schneider fills in as Chief Technical Officer, while Thomas Weyand takes the role of Chief Revenue Officer in an acting capacity.

About Scnd

By creating a marketplace scheme, Scnd revolutionizes the way individuals buy and sell services online.

Scnd provides native calendaring features (when are the services available), geolocation and geofencing (where are the services accessible), and vendor management capabilities (with whom are the services available) to address both commoditized (simple) and uncommoditized (complicated) services.

Read also - London-based Fintech Startup Apron Raises $15M Series A Funding

With support for many different languages and currencies, customers can easily run their own marketplace with services like KYC/KYB, escrowing, payin, and payouts. The following are a few of our well-known clients: Accor, Allianz, Intersport, Siemens Energy, and Suez.

Read also - Stuttgart-based Metergrid secures €2.7 million Seed Funding

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