2023-07-06 15:43:47
Colvinan emerging online flower and plant sales company founded in Barcelona in 2016, has raised 6 million euros from its current investors, and its founders have announced that they will step aside so that a new CEO can lead the company to achieve profitability.
In a statement, the firm highlights that at the end of the year it undertook “a strategic change” to focus on direct sales to the consumer (B2C) and achieve “sustainable and stable growth.”
“Colvin has reached a state of maturity in which the strategy and management style will be different”, which will lead to Sergi Bastardas and Andrés Cester, the two founders, stepping aside and looking for a new CEO to face profitability and already enter ebitda -positive gross operating result-.
“We remain committed to the success of Colvin and we will continue to be involved as shareholders and directors, contributing all our experience and knowledge,” the two founders have assured.
The company, which will focus on “improving logistics, marketing and product offerings”, believes that it can be the leader in its sector in Spain, Italy, France and Portugal.
Since its foundation it has raised 83.7 million euros in eight different rounds.
Colvin has suffered in recent months, in a general context of difficulties for emerging companies: if it closed 2020, still in a pandemic, with 15 million in revenue and 240 employees, by 2023 it expects to be at that same turnover, but its workforce is now of 120 workers.
#Colvin #captures #million