29. January 2013–
Mobile marketplace Stuffle has announced its second funding round, from Bonn-based investors High-Tech Gründerfonds. The investment is a mid six-figure amount, though TechCrunch reported it as €500,000. This investment gives High-Tech Gründerfonds a minority shareholding in the company.
Previous investors in Stuffle include SEDO founder Tim Schumacher, who provided a six-figure investment at the end of last year. The startup was founded in May 2012 and took part in Hamburg incubator Digital Pioneers.
The Hamburg-based eBay Kleinanzeigen competitor offers users a fuss-free mobile marketplace to sell second-hand goods. Sellers take a picture of their product, upload it, write a caption and put a price on it and can then share the post with their friends. At the moment, the iOS app does not include categories, although founder Morten Hartmann says that is in the works for the future. The app has been downloaded 150,000 times to date.
Stuffle faces competition in the European market from Shpock, which is also targeting German users and is available for both Android and iOS. Like Stuffle, Shpock sorts products by distance from the user. Another promising newcomer (and a hit at recent startup competition hy! Berlin) is Mädchen Flohmarkt, aimed more at high-end goods and with an optional concierge service in the mix.
Hartmann (featured in an interview with VentureVillage) said the financing will be used to work on an Android version, to be launched early 2013.