P101, 360 lead €1m round for Milkman

The deal saw the two firms inject €500,000 each, while US-based business angel Mike Brennen provided the remaining €50,000.

The company aims to use the capital injection to bolster its product development and expand its partnerships with the main e-commerce platforms across the Italian market.

According to a statement, the company launched its business in May 2016. It previously raised a €75,000 pre-seed funding round from Milanese accelerator Boox in December 2015 and an additional €181,000 seed round led by WorkWave in March 2016.

Company
Founded in 2015, Milkman develops home delivery mobile applications. The company's software is based on a cloud platform and allows customers to schedule delivery services. Milkman also manages a fleet of electric vehicles to support its service. At the time of publication, the business operates exclusively in the Milan area.

People
P101 – Andrea di Camillo (managing partner); Giuseppe Donvito (partner).
360 Capital Partners – Fausto Boni (general partner).
Milkman – Antonio Perini (co-founder, CEO); Tommaso Baú (co-founder).

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