# Scondoo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scondoo

- Industry: Marketing/Advertising
- Headquarters: Berlin, Germany
- Website: www.scondoo.de
- Total disclosed funding: $1.4M
- Latest round: Seed (Jun 13, 2013)
- Investors on record: 3

## About

Scondoo GmbH is a Berlin-based cashback and online deals platform that enables users to save money on their everyday purchases across various retailers through a user-friendly mobile app and website.Scondoo GmbH operates a cashback platform that allows users to save on purchases by submitting receipts via their mobile app or website. Founded by David Keuler, the firm has been active in the German market, headquartered in Berlin, Germany. The company secured a SEED funding round of EUR 1.000 mn, led by Point Nine, raising a total of EUR 1.000 mn in funding, which contributes to its current valuation of EUR 4.450 mn.Scondoo operates as a cashback and online deals platform, providing users easy access to savings on daily purchases across various retailers. By submitting purchase receipts through their app or website, consumers can access cashback deals from supermarkets and online shops, including well-known chains like EDEKA, Kaufland, REWE, and dm, mainly serving the German market.Scondoo's revenue model is based on consumer transactions through cashback offers and promotional activities, enabling users to earn money back on their purchases. The company generates revenue through partnerships with retailers, which fund cashback promotions to enhance customer engagement and sales. Users access these offers without facing direct charges for participation, fostering a beneficial ecosystem for both consumers and retailers.Scondoo GmbH is focusing on expanding its offerings and market reach with plans to enhance its cashback platform. Recent funding from Point Nine Capital and Heilemann Ventures will be utilized to support these initiatives as the company looks to introduce new products and possibly explore additional geographic markets in future expansions.

## Funding rounds

- Seed, Jun 13, 2013, $1.3M — Point Nine, Heilemann Ventures
- Seed, Jan 16, 2013, $0.1M — Sixt Ventures

## Investors

- Sixt Ventures (https://capitalatlas.ai/funds/sixt-ventures) — Seed
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed
- Heilemann Ventures — Seed