• Accel Puts $2.1M In Mobile Coupon Startup Shopmium

    Thursday, December 15th, 2011

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    shopm
    shopm

    Mobile shopping service Shopmium has raised $2.1 million from Accel Partners and ISAI. Launched in September 2011, France-based Shopmium enables large consumer brands to engage directly with users through special offers and coupons pushed to their smartphones. The service allows users to discover new products that are either free or with a significant discount and buy them in their usual retail stores.

    Drawing on the virality that mobile shopping startup ShopKick has seen in the U.S., Shopmium says its value is in providing a premium advertising space for brands that also drives traffic to retail stores with sales that can be measured by the redemption of coupons.

    The startup saw 100,000 downloads of its iPhone and Android applications in the first few weeks following its launch in France. And Shopmium has run deals for brands such as Minute Maid, Pepperidge Farm, Colgate and Evian.

    Shopmium will use the new funds for customer acquisition, to increase its commercial outreach internationally and expand the service to new retail verticals.


    Company: Shopmium
    Website: shopmium.com
    Funding: $2.1M

    Mobile shopping service Shopmium. France-based Shopmium enables large consumer brands to engage directly with users through special offers and coupons pushed to their smartphones. The service allows users to discover new products that are either free or with a significant discount and buy them in their usual retail stores.

    Learn more
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