Verlinvest leads $100m series-C for Everli

New investors Luxor, DN Capital, C4 Ventures, and Convivialité Ventures also took part in the round, alongside previous backers Fondo Italiano d'Investimento (via its Tech Growth Fund), 360 Capital, Innogest and DIP.

With the fresh capital, Everli intends to further accelerate its expansion across Europe and significantly scale up its team in areas such as technology, product, operations, marketing and finance.

Previous funding
Everli raised an initial round of €155,000 from several business angels in January 2015, followed by a $360,000 seed round led by 360 Capital alongside venture capital firm Innogest in February 2015. Subsequently, Innogest led a €3m funding round for the company with the participation of 360 Capital in July 2016.

The business raised an additional €320,000 from Club degli Investitori and Italian Angels for Growth in February 2017.

Subsequently, Fondo Italiano d'Investimento (FII) led a €13m funding round for the company in June 2018 via its FII Tech Growth Fund. Existing shareholders Innogest and 360 Capital also took part in the funding round, alongside newcomer Endeavor Catalyst.

More recently, DIP Capital led an €11m series-C round for Everli in February 2020. Previous backers FII, 360 Capital Partners and Innogest also participated in the round.

DIP invested in the company via DIP Fund I, a €40m vehicle that invests in late-seed and growth rounds, targeting companies operating in the technology, online services and software development sectors. DIP is backed by Platina Partners, a European private equity firm focused on the renewable energy sector.

Company
Founded in 2014, Everli is an online grocery platform that offers same-day delivery to its customers from local supermarkets. The company has 100 partnerships with merchants and operates in 70 cities across Italy, Poland, the Czech Republic and France.

The business expanded into Poland in 2019, with the acquisition of Warsaw-based grocery platform Szopi, in a deal financed with cash and an exchange of shares.

The company was originally known as Supermercato24, but rebranded as Everli in July 2020. It is headquartered in Milan, with further offices in Verona and Warsaw; it employs 220 staff.

Everli's sales almost quadrupled in 2020, reaching $130m.

People
Verlinvest – Simone Sallustio (executive director).
Everli – Federico Sargenti (CEO).

Advisers
Company – Orrick (legal); White & Case (legal).

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• Topics
• Expansion
• Southern Europe
• Consumer
• Venture
• Italy
• Orrick
• White & Case
• Fondo Italiano di Investimento