Mamma M’Ama, a Milan, Italy-based producer of fresh baby food, raised €370k in funding.
Backers included Shark Bites, Rancilio Cube, Ludovico Maggiore, SAF Financial, and angels.
The company intends to use the funds to continue to develop the e-commerce platform, improving its processes and logistics, expand operations in Italy, launch new products, sign new commercial partnerships with bio food chains (such as the existing ones with EcorNaturaSì and Eataly), pharmacies, hotels, and thematic parks, and increase its marketing and communication efforts.
Co-founded by Erica Della Bianca (CEO), Sonia Matteoni (Head Production) and Sonia Litrico (Head Sales), Mamma M’Ama makes fresh weaning food with no preservatives for babies from 4 to 36 months featuring ingredients coming from Made in Italy bio farms. Customers can acquire the products on the company’s e-commerce platform at http://acquista.mammamama.it/, via Amazon Prime Now across the Milan area and in Eataly, NaturaSì, Carrefour stores etc.
Following the deal, the co-founders will retain a 58,6% controlling stake in the company while Voltan Holding, an Italian pasta maker will have a 15,2% stake.