P101, Samaipata lead €6m funding round for Colvin

Television group Mediaset Spain also took part in the funding, alongside several private investors, including former Yahoo CEO Javier Etxebeste and Tuenti founder Hugo Arévalo.

P101 deployed capital from its Programma 102 to finance the investment. The vehicle, launched with a €120m target, held a first close on €65m in May and has raised €75m so far.

This injection of capital brings the total funding raised by Colvin to €9m. The startup intends to use the fresh capital to consolidate its presence in Spain, Italy and Portugal, and expand into new markets.

Previous funding
Following an initial €300,000 seed round in 2016, Colvin raised €700,000 from Samaipata Ventures in April 2017. Subsequently, Samaipata and Mediaset invested €2m in the startup in December 2017.

Company
Founded in 2016 and based in Barcelona, Colvin is an online platform that sells and delivers fresh flowers and bouquets. The company has a presence in Spain, Italy and Portugal.

People
P101 – Andrea di Camillo (managing partner).
The Colvin Co – Andrés Cester (co-founder, CEO).

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• Topics
• Expansion
• Southern Europe
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