P101 exits its 42% stake in Bauzaar

The deal saw the co-investor syndicate, led by P101 alongside incubators and accelerators Club Italia Investimenti 2, Club Digitale, Boox and H Farm, exit its 42% stake in the business two years after their initial investment. As part of the deal, founders Domenico Gimeli and Matteo Valente will retain a majority stake.

P101 sold its stake to Megamark, an Italian corporate with 3,000 employees and €1bn in revenues that operates a chain of 500 retail stores and supermarkets across southern Italy.

Previous funding
P101 originally invested an undisclosed amount in the business in September 2014 and led an additional €250,000 funding round in July 2015. According to a statement, the company raised a total of €600,000 in funding.

Company
Established in 2013 and headquartered in Milan, Bauzaar develops an online retail platform focused on pet-related products.

According to a statement, the company employs a staff of eight and generated €700,000 in revenues in 2015. It expects to report a turnover of €1.4m for the 2016 fiscal year.

People
P101 – Andrea Di Camillo (managing partner); Giuseppe Donvito (partner).
Bauzaar – Domenico Gimeli (co-founder); Matteo Valente (co-founder, CEO).
Gruppo Megamark – Giovanni Pomarico (chair).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Technology
• Southern Europe
• Venture
• Italy
• Trade sale