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Cosaporto Closes €5 Million Series A Round

The funds raised will be used to fuel growth in the coming years through the launch of the service in new Italian and European cities such as Paris and Barcelona, the development of a new app that enhances the proprietary technology, and the increase of the team through the search for the best talent on the market. Cosaporto is a gift tech providing delivery solutions for gifts and special occasions.

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“With the end of the campaign on Mamacrowd, we center two great results: the closing of the €5 million A round that saw the entry of Azimut Italia with the AZIMUT ELTIF – Venture Capital ALIcrowd II fund, of important business angels and the follow on of Lazio Innova that has once again renewed its trust in us; 70 percent of the new members who have invested through the campaign are also our customers, a result that reflects the great enthusiasm around the project and the degree of involvement of the Cosaporto community.” Thus commented Stefano Manili, CEO of the delivery designed for special occasions.

Founded in Rome in 2017, it closed 2019 with a turnover of €300,000, and 2021 reached a turnover of €4 million. These are the numbers that describe the success of Cosaporto, a gift tech providing delivery solutions for gifts and special occasions that closed its equity crowdfunding campaign on November 18th on the Mamacrowd platform. It exceeded its goal with €2.7 million raised as part of a €5 million capital increase.

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The growth of Cosaporto

The funds raised will be used to fuel growth in the coming years through the launch of the service in new Italian and European cities such as Paris and Barcelona, the development of a new app that enhances the proprietary technology, and the increase of the team through the search for the best talent on the market. Cosaporto is currently active in Milan, Turin, Bologna, Florence, Forte dei Marmi, and London.

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High-end offerings characterize Cosaporto’s offerings: from the world of food (from Iginio Massari to Carlo Cracco, from Antonino Cannavacciuolo to Gabriele Bonci) to luxury and lifestyle brands (including Acqua di Parma, Emporio Armani, Momo Design). Cosaporto also pays attention to sustainability: eco-friendly packaging and delivery activities carried out mainly with electric vehicles, and to social (with a category dedicated to Charity, which associates donation with the gift experience).

The average receipt is €60, three times the industry average. In 70% of cases, gifts are purchased. Thirty-five percent of sales come from B2B, and 80 percent of the brands featured are exclusive to Cosaporto.

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(Featured image by Bob_dmyt via Pixabay)

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First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.