Passion Capital backs Vicampo's €5.3m series-C

With the money from this funding round, which happened in October 2015 but was announced in February 2016, Vicampo aims to improve its online platform and expand its business activities. The company hopes to reach a turnover of €20m in 2016. It has more than doubled its turnover since 2014, naming its conversion to proprietary technology and increased advertising efforts as drivers for growth.

Previous funding
In March 2015, Passion Capital and e.ventures invested in Vicampo's €3.75m series-B funding round. Business angel Heinz-Werner Nienstedt, a former board member of publishing house Handelsblatt, also took part in the round.

e.ventures first invested in Vicampo's seed funding round in 2011, followed by a series-A round in September 2013. The deal was financed using the VC's eVenture Fund 1 vehicle.

Company
Headquartered in Mainz, Vicampo is an online seller of wine with a particular focus on products from small vineyards that would not otherwise be available in shops. It has a range of around 10,000 wines from 1,000 growers. The company was founded in 2012 and has 50 employees. It generated turnover of €12m in 2014.

People
Vicampo – Felix Gärtner, Max Gärtner, Daniel Nitz (managing directors).
Passion Capital – Stefan Glänzer (partner).

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• Topics
• Expansion
• Consumer
• DACH
• Germany
• Venture
• Passion Capital