“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.
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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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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