Italian wine market Viniexport expands in Europe

Viniexport, an online marketplace from Italy that makes it possible for companies to purchase and sell wine worldwide, has secured a 2 million euros funding round. With the cash, the market wants to pursue its European expansion.And it looks like the

next stops will remain in Spain, Germany and France, as Tech.eu reports. And it was Barcelona-based equity capital firm Inveready that invested the two million euros in Viniexport. The investor released capital from its Inveready Venture Finance II fund, which held a final close on 23 million euros 2 years earlier. “We are pleased to be able to support the international expansion of a validated business model such as Viniexport”,< a href= http://capital-riesgo.es/en/articles/italian-company-viniexport-raises-2-000-000-from-inveready-technology-investment-group-to-begin-its-expansion-in-spain-france-germany/ rel=noopener target=_ blank > states Carlos Conti, general partner of Inveready.”This is our very first investment outside Spain and we are thrilled to function as ambassadors for Viniexport in our natural market. We have made other investments in the wine market in the past and we think that we can contribute knowledge and contacts to the business.”Expansion in Europe Viniexport is now developing an office in Barcelona, so it can grow outside its house country of Italy. The wine marketplace just recently went into the Spanish market and likewise desires to be active in Germany and France. It’s targeting sales to reach 10 million euros this year.About Viniexport was founded in Italy in 2015 and supplies an online platform that allows companies such as restaurants to purchase wine from varied producers straight.

It likewise works the other way around: it lets manufacturers of wine and spirits offer their products to global purchasers. The business is currently selling over 100,000 bottles per month and has around 7,000 consumers and 2,000 suppliers.Share House > France > Italian wine marketplace Viniexport broadens in Europe