FinTechFunding

Cortilia: Closes €34M Series C Financing

  • Cortilia, a Milan, Italy based online quality fresh food company, closed a €34m Series C round of financing
  • The round was led by Red Circle Investments, the investment company of Renzo Rosso, founder of Diesel and president of fashion group OTB
  • In conjunction with the funding, Mr. Rosso is also joining the Board of Directors of Cortilia
  • The company intends to use the funds to further develop the presence of its services throughout Italy
  • Cortilia is an e-commerce company with a catalog of 2,500 food products, promoting a model of sustainable and healthy consumption
  • Cortilia also announced that it has updated its Articles of Association to officially become a benefit corporation
Previous article
Uplift: Secures $68m credit line
Next article
IBM: Acquires 7Summits
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...