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 operator Merifin Capital.
The new cash will be used by the company founded by co-ceos Alessandro Palmieri and Stefano Portu 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 join Principia II venture fund managed by Principia sgr who invested last year 3.5 million euros in the capital of DoveConviene (download here the press release).
Il board della società si rinnova aggiungendo a Palmieri e Portu e a Pietro De Nardis (board director), anche 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.
