Amsterdam: Today Dutch couponing app Scoupy announced that one of its two main investors Netwerk VSP will sell its shares to the other shareholders Sanoma Ventures and Gennie Freen Productions. The latter two will jointly invest 2 million euros to speed-up growth. It has not been disclosed at what price the Netwerk VSP exit was valued.
Scoupy CEO Valentijn Beas calls describes the cooperation as "both valuable and helpful”. “Now that Scoupy has entered the next stage, together with all stockholders, we decided to focus on Sanoma as our main strategic partner. Sanoma and Scoupy reinforce each other in reach and knowledge on product, target group and sales. We will use the money to develop the platform functionalities for local acquisition, activation and retention and to fortify our position in the Netherlands.”
Scoupy was founded in 2011 by Valentijn Bras, Its main competitors are the apps of Dichtbijdeals (TMG) and Smartcoupons