Herbst Kinsky advised finderly – the inventors of Shpock – regarding the sale of shares to Schibsted
Corporate law firm Herbst Kinsky advised the founders of finderly GmbH on the sale of shares in “Shpock” (“Shop in your pocket”), an app for flea market for high class products to Schibsted Classified Media’s. Schibsted now holds 91% in Shpock shares.
Shpock was founded in 2014 by finderly GmbH. The boot sale app has tripled its user base in the last 12 months, surpassed the 10 million user mark and topped the ‘Lifestyle’ app rankings in 3 countries. For the first time the Shpock community is selling and buying over 2,5 billion Euro worth of items and creates more than 1 billion monthly page impressions in the app.
Schibsted is a Scandinavian media group with over 6900 employees spread across 30 countries and listed at the Oslo stock exchange.
With Schibsted “we have a partner on our side that knows the classifieds business like no other! On the other hand, we bring our mobile experience and an extremely talented and hungry team into the game”, Shpock co-founder Katharina Klausberger states.
This transaction was led by Philipp Kinsky. Further team members are David Pachernegg and Carl Walderdorff. Herbst Kinsky supports finderly GmbH since its foundation and the entry of Schibsted in Shpock. Therefore partner Philipp Kinsky is especially delighted with the rapid rise of “Shpock” giving Austria as a start-up location an important positive impulse.