Colvin, a Spanish online flower and plant sales startup, has raised €45 million in a Series C funding round. The round was led by Eurazeo, with participation from Capagro, as well as existing investors Samaipata, Bynd, Milano Investment Partners, and P101.
Founded in 2017 by Sergi Bastardas, Andrés Cester, and Marc Olmedillo, Colvin provides a delivery service that connects customers and producers directly, reducing the time and costs of the traditional production chain. The startup also offers personalized customer service and has been developing a B2B marketplace connecting florists and producers since 2020.
Colvin is already present in Spain, Portugal, Italy, and Germany, and plans to enter the French market by 2021. The company also anticipates hiring 100 people in the coming months.
Eurazeo is a leading global investment company with a diversified portfolio of companies across various sectors. Capagro is a venture capital firm that invests in disruptive agtech startups. Samaipata is a venture capital fund that supports early-stage startups. Bynd Venture Capital is a venture capital firm that invests in innovative companies in Europe. Milano Investment Partners is a Milan-based venture capital firm that invests in startups in Italy and Europe. P101 is an Italian venture capital fund that invests in technology startups.
This funding round will allow Colvin to expand its operations and strengthen its position in the online flower and plant sales market. The company's innovative approach to connecting customers and producers directly has the potential to disrupt the traditional production chain, making it more efficient and cost-effective for all parties involved.