BPI, Maif, Cap Decisif inject €7.4m into Stootie

Maif, which joins the existing pool of investors via this funding round, committed €2m, while previous backers BPI (via the fund Ville de Demain) and Cap Décisif provided €2m and €2.2m respectively. The balance was provided by business angels.

With the fresh capital, Stootie will look to expand its technical and sales teams, and will implement an established marketing plan that aims to help it build its reputation. Further ahead, it will also look to develop further in European.

The new funding round brings the total raised by the startup to €9.02m, having raised €1.2m in 2015 and a €420,000 seed round in 2014.

Previous funding
In April 2015, Cap Décisif provided a €1.2m round of early-stage funding to Stootie. BPI France and high-net-worth individuals Xavier Niel (founder of Free), Jean-David Blanc (founder of AlloCiné) and Pierre-Olivier Desplanches (Carlyle Europe Partner's director) – who had already provided a €420,000 in seed funding in 2014 – also participated in the round.

Company
Founded in 2011, Stootie is a mobile-based online service that enables people to buy and sell services locally. The company is based in Paris, France. It employs 12 people and records monthly sales of around €500,000.

People
Cap Décisif Management – Jérôme Snollaerts (partner).
BPI France – Mathieu Rouget (investment director eco-technology fund and smart city fund).
Maif Avenir – Assanatou Bouaré (partnerships associate).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Expansion
• Technology
• France
• Venture
• BPI France