Paris-based scnd, a marketplace solution for selling services online, announced on Thursday that it has secured €4M in a fresh round of funding. The investment came from 42Cap and Partech.
Alex Meyer of 42CAP says, “scnd’s dedication to reshaping the service e-commerce landscape aligns perfectly with our vision for innovation in the tech industry. We’re proud to support their journey and excited to see the positive impact they’ll continue to make.”
What does scnd offer?
Founded in 2020 by Clement Schereck and Anthoni Noyon, scnd claims to have revolutionised online service transactions through its innovative marketplace software.
Leveraging its industry-agnostic expertise, the company has already built an international client base, transforming the way people buy and sell services online.
scnd provides a white-labelled solution for online booking of services. The company serves international clients like Accor and Siemens Energy in France, Germany, the UK, and the US.
The company’s versatile service accommodates both simple, commoditised services and complex, un-commoditised services. It offers native calendaring features for efficient appointment scheduling, ensuring users know when services are available.
Additionally, scnd provides geolocation and geofencing functionalities, indicating where services are accessible, and vendor management features, specifying the available service providers.
“Our customers can operate their own marketplace, including KYC/KYB, escrowing, paying and payouts, and can easily operate the platform internationally with support for multiple languages and currencies,” says the company.
Capital utilisation
The funding will support scnd’s efforts to expand its online marketplace for selling services. The company also plans to strengthen its presence in current markets and explore new ones, facilitating its growth and development in the online services industry.
Anthoni Noyon, co-founder of scnd, says, “The decision to secure this funding now is aligned with our commitment to seize the current market momentum. It will enable us to not only strengthen our presence in existing markets but also explore new opportunities for scaling our impact.”
Strengthening its leadership team
scnd, aiming to be a leader in enterprise solutions for online service sales, has welcomed Thomas Weyand as Chief Revenue Officer. With extensive experience in the software industry, including roles at Contentsquare, Marketo, and Adobe, Weyand is expected to play a vital role in scnd’s expansion efforts.
In a bid to strengthen its technical capabilities, scnd has also appointed Sam Schneider as the Chief Technical Officer.
Schneider, with a rich background in software engineering and e-commerce from roles at Lightbend, Hybris, and Fluent Commerce, is set to enhance scnd’s platform, making it a top-notch solution for the future.
Brief about the investors
Partech is a tech investment firm with offices in several major cities worldwide, including Berlin, Dakar, Dubai, Nairobi, and San Francisco. The firm boasts a team of independent thinkers who believe in collaborative partnerships, working closely with the entrepreneurs they support, from seed funding to growth stages.
Partech provides financial resources, operational expertise, and strategic support to startups. Established 40 years ago in San Francisco, the firm now manages €2.5B in assets under management (AUM) and has a portfolio of 220 companies spanning 40 countries across 4 continents.
Bayern-based 42CAP is a VC firm that invests in early-stage technology-driven companies in Europe with global ambitions. The team behind 42CAP previously built eCircle, one of Europe’s largest SaaS companies with $50M in revenues, and sold it to Teradata in 2012.
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