# Shopmium

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

- Industry: Internet
- Headquarters: Paris, France
- Website: www.shopmium.com
- Total disclosed funding: $7.6M
- Latest round: Series B (Jul 8, 2013)
- Investors on record: 4

## About

Shopmium is a digital couponing platform that connects consumers with promotional offers, enhancing their shopping experience through various discounts on grocery items and household products.Founded in 2010 in Paris, France, Shopmium operates as a digital couponing service that connects consumers with discounts. The company initially catered to both US and UK markets but has since ceased its US operations in November 2024, focusing solely on the UK market. Shopmium's current total amount raised is EUR 4.35 mn from its latest funding round, the Series B, which took place on November 3, 2015, with notable investors such as Accel, ISAI, and Ventech. The firm has a current valuation of EUR 12.736 mn and has completed three deals to date. The company was acquired by Quotient Technology, a portfolio company of Greylock Partners and Passport Capital, although financial specifics of the acquisition were not disclosed.Shopmium primarily operates as a digital couponing platform that connects consumers with promotional offers from various retailers and brands. The platform enables users to access a wide range of discounts on grocery items, household products, and personal care goods. Users can redeem offers through a mobile application, enhancing their shopping experience without subscription fees. While Shopmium initially targeted both US and UK markets, its current operations are focused in the UK, serving cost-conscious consumers looking to maximize their savings.For the most recent fiscal year 2023, Shopmium reported a revenue of EUR 11,752,026.40 and an EBITDA of EUR 1,377,425.30. The company's revenue model is driven by partnerships with retailers and brands, earning a commission on sales generated through promotions on its platform, facilitating transactions without subscription fees.Looking ahead, Shopmium plans to enhance its service offerings in the UK, although specific details on new products or services have yet to be disclosed. The company aims to leverage its recent funding to support growth initiatives and strengthen its market presence. The focus will remain on optimizing the user experience within the current geographic area, given its shift away from US operations.

## Funding rounds

- Series B, Jul 8, 2013, $5.6M — Accel, Ventech, ISAI
- Series A, Jan 18, 2012, $2M — Accel, ISAI, Quantum Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- ISAI (https://capitalatlas.ai/funds/isai) — Series A, Series B
- Quantum Ventures (https://capitalatlas.ai/funds/quantum-ventures) — Series A
- Ventech (https://capitalatlas.ai/funds/ventech) — Series B