DoveConviene, a Cagliari, Italy-based provider of an online and mobile shopping promotion platform, raised 5.2 million euros in a round B financing by Italian-French venture capital 360 Capital Partners and by Belgium-based venture capital operatorĀ Ā Merifin Capital.Ā
The new cash will be used by the company founded by co-ceosĀ Alessandro PalmieriĀ andĀ Stefano PortuĀ in order to finance the international growth where the company is already active, that is in Spain, Mexico, Brazil and Usa.
This new investment brings to 10 million euros the total financing that the company has received since its foundation. The two new shareholders joinĀ Principia IIĀ venture fund managed byĀ Principia sgr who invested last year 3.5 million euros in the capital of DoveConviene (download hereĀ the press release).
Il board della societĆ si rinnova aggiungendo aĀ PalmieriĀ eĀ Ā Portu eĀ aĀ Pietro De Nardis (board director), ancheĀ Alessandro Damiano, head of investments for Principa sgr, and Cesare Maifredi, general partner of 360 Capital Partners, joined the company board where Palmieri, Portu and board director Pietro De Nardis already sitted.
Legal advisor for 360 Capital Partners was Pedersoli e Associati law firm while Bonelli Erede Pappalardo law firm supported both DoveConviene founders and Principia sgr.
