scnd, a Paris, France-based ]company that provides SaaS solutions, specializing in enabling the online booking of services, raised €4 million in a funding round.
SaaS Investors
The investment was backed by prominent investors, including 42Cap and Partech.
Founded in 2014, 42Cap is a seed-stage investment firm based in Munich, Germany. They initially invest € 0.5 to 1.5m in seed-stage tech- and data-driven companies. The firm prefers to invest in technology and data-driven B2B software companies across Europe with global ambition.
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. With €2.5B in assets under management, the firm manages a portfolio of 220 companies across 4 continents, providing capital, operational expertise, and strategic support from seed to growth stage.
Use of Funds
The company plans to use the funding to strengthen its presence in existing markets and explore opportunities for scaling its impact in new markets.
About scnd
scnd is a SaaS company that provides a white-labeled ecommerce solution for the services industry to take bookings for their services. Its solution is trusted by numerous international clients across regions such as France, Germany, the UK, and the US. Clients include well-known organizations like Accor, Allianz, Intersport, Siemens Energy, and Suez. scnd collaborates with various partners, including consulting firms, integrators, and payment service providers, to expand its presence and deliver its solution to a broader range of businesses.
Funding Details
Company: Second SAS
Raised: €4.0M
Round: Unknown
Funding Month: October 2023
Lead Investors: 42Cap and Partech
Additional Investors:
Company Website: https://www.scnd.com/en/
Software Category: Ecommerce Solution
Source: https://partechpartners.com/news/scnd-raises-4-million-to-disrupt-the-sales-of-services