/ News / PostNL withdraws from Scoupy, which raises further EUR2m in funding

PostNL withdraws from Scoupy, which raises further EUR2m in funding

PostNL daughter Netwerk VSP has sold its shares in Scoupy to SanomaVentures and Gennie Freen Producties. At the same time Scoupy raised an additional EUR2 million in funding from its remaining shareholders.

Location based discount Scoupy has announced today that its original backer, PostNL daughter Netwerk VSP, has withdrawn from the startup, selling its shares to the other shareholders in the company. The parties involved have not disclosed the value at which NVSP was taken out, nor the reason for its exit or the return on its original investment.

At the same time Scoupy has also announced it raised a further EUR2 million in funding from its existing shareholders, including its founders. Sanoma, after these transactions, is now the biggest shareholder in Scoupy. Co-founder Valentijn Bras on the transactions: “Now that Scoupy has reached a next phase in its existence we, jointly with all shareholders, have decided to continue with Sanoma as the most important strategic partner. Sanoma and Scoupy reinforce each other when it comes to reach, sales and knowledge about product and target audience.”

Scoupy has grown into a company with a 40 man team and over 400,000 unique monthly uses since its founding in 2011, according to Bras in a recent interview. The startup currently grows its revenues at c. 20% month over month.

Image creds: CXMatters

Wouter Kneepkens
Startup guy, mentor & investor with finance background | fund manager @ VNT.RE | founding editor @ StartupJuncture | co-founder @ SNTMNT | INSEAD alumn | Singapore & Amsterdam | Wouter Kneepkens

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