DoveConviene, a Milan, Italy-based platform for product promotions near home, raised a €10m Series C round of funding.
The round was led by Highland Capital Partners Europe, which joined existing backers Principia SGR, 360 Capital Partners and Merifin Capital. In conjunction with the funding, Anthony Zappalà, Partner at Highland Capital Partners Europe, joined DoveConviene’s board.
The company, which has raised over €20m in total funding, aims to use the capital to expand in Italy and abroad, growing its team to 200 employees and being present in 10 countries by the end of 2016.
Led by Stefano Portu and Alessandro Palmieri, DoveConviene provides a platform that allows users to get access to product promotions and catalogs to go shopping in their neighborhood. The platform includes details on promotions, new products, stores, opening times and contacts of the main retailers and brands in each shopping category, geolocated in one place and accessible to users.
The platform has 7m users in Italy and over 13m globally (being present in Mexico, Brazil, Spain and Indonesia via different brands under the ShopFully Group).