Start-up Stootie raises €7.4 million in France
13 Sep 2016
French start-up Stootie.com, a site for local services and trading of used goods, raised €7.4 million ($8.3 million U.S.) from Cap Décisif Management, BPI France, Maif Avenir, and several private investors, bringing the total raised to €8.6 milion.
Last year, the site for peer-to-peer services – such as help with moving house, haircuts, babysitting, computer and other repairs – raised €1.2 million from Cap Décisif Management (we reported here).
Stootie focuses on geographical proximity. This is how Cap Décisif Management describes the site: “Stootie is the leading collaborative services app. (If you) need help for a move, (want to) find a babysitter in the neighborhood, or (want your) computer repaired – it’s easy to use. Stootie connects you to users near you, and enables them to render services – free, or against payment. The app also enables you to sell, barter, donate used items, or local products”.
It was launched in 2012, and has since created an app. The site acts as a trusted middleman, and collects 18 percent of the value of each transaction as commission.
Thirty percent of the activity on the site happens on the pages for buying and selling stuff. It has 600,000 clients across France – 2.4 times more than a year ago. According to the site, it currently facilitates transactions with a total value of €500,000. (It earns 18 percent of that value.)
According to the founder Jean-Jacques Arnal, Stootie is currently developing its own payment system, which will become its lever for generating income.