Italian venture capital houses Milano Investment Partners (MIP) and P101, alongside Spanish investor Samaipata, have led a €14m series-B round for Barcelona-based online flower delivery startup Colvin.
Charcoal and natural additives company saw final bids from two banks and one direct lender
VCs including the Swiss Entrepreneurs Fund, BtoV and Ringier Digital Ventures also participated
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses