Point Nine and Heilemann back Scondoo

Backers include German VCs Point Nine Capital, Heilemann Ventures and business angels. 

Heilemann was launched by the Heilemann brothers, founders of deals company DailyDeal. The investors were drawn to Scondoo due to its existing experience in the online and mobile deals space.

Company
Founded in 2012 and based in Berlin, Scondoo is a free app for iOS and Android that allows users to discover deals and sale offers for grocery shopping. When users buy a product advertised on the app, they are then able to use Scondoo to take a photograph of the receipt. They subsequently receive credit from the brand offering the sale item, which goes directly into their Scondoo account. As such, supermarkets do not get involved in the deals directly.

The app is currently only available for supermarkets and drug stores in Germany.

People
Pawel Chudzinski, partner at Point Nine, worked on the transaction. Fabian and Ferry Heilemann are founders of Heilemann Ventures.

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• Topics
• DACH
• Technology
• Early-stage
• Germany