Yocabè, the innovative company specializing in helping brands sell more and better on marketplaces, has closed a €2 million Series A round led by ALIcrowd—the first ELTIF venture capital product by Azimut Investments S.A.—with participation from existing shareholders, several Italian business angels, and crowd investors. The capital increase was coordinated by Growth Capital, the advisory firm for startups and scaleups.
Growth Capital developed a new business plan for the company focused on three growth drivers: international expansion, entry into new marketplaces, and acquisition of new partners. Thanks to the funds raised, Yocabè will be able to concentrate on these areas to further accelerate its growth: following €3.1 million in revenue in 2020, the company aims to reach €5.03 million in 2021 and €10.6 million in 2022.
“Yocabè has shown strong progress in both revenue growth and the quality of its solution, establishing itself as one of the leading smart platforms for boosting online sales across global marketplaces. We are proud to have supported the entire team on this journey,” said Fabio Mondini de Focatiis, Founding Partner, Growth Capital.
