Stocard, a Mannheim, Germany-based provider of a mobile loyalty solution, recently closed a (€) high 6-figure seed funding.
Backers included High Tech Gründerfonds, Klaas Kersting (Supercell, DailyDeal), CD-Venture, and other unnamed angel Investors.
The company intends to use the capital to build up new functionalities and its user base, expand into new markets, and strengthen relationships with commerce partners to offer coupons, specials, and other benefits to the end users.
Founded in 2011 by Björn Goß, David Handlos and Florian Barth, Stocard allows customer loyalty programs to go mobile and allows users to replace their plastic cards with this smartphone app, making it easier to gather loyalty points and benefits without having to carry around lots of cards.
Over the last year, the company’s mobile loyalty card app has been installed over 425,000 times. It is currently available in Germany, Italy, Austria and the UK.