Stuffle, a Hamburg, Germany-based start-up providing a flea market app, raised a financing round of undisclosed amount.
Backers included SEDO founder Tim Schumacher, which recently made a six-figure investment, and High-Tech Gründerfonds (HTGF), which is acquiring a minority shareholding for a mid six-figure amount.
The company intends to use the capital to continue to grow and release an Android version of Stuffle at the beginning of 2013.
Launched eight months ago by Morten Hartmann, managing director, Stuffle aims to be a mobile flea market that allows people to buy and sell used items. Users can posting a picture, a short description and a price. Buyers find available offers based on the distance to sellers’ location. Buyers and sellers can exchange further information, negotiate the price and organize pick-up via private messages.
The app is currently available in English and German with more languages to come for iPhone, iPad and iPod touch.
The company currently employs a staff of 15.