AAA Everli expands series C past $124m

Everli expands series C past $124m

Italy-based online grocery marketplace Everli has added €22m ($24.2m) from venture capital firm United Ventures to a series C round featuring alcoholic beverage producer Pernod Ricard, expanding it to over $124m.

The extension comes after Verlinvest led a $100m first close in March 2021 that also featured Pernod Ricard’s corporate venturing arm, Convivialité Ventures, as well as DN Capital, C4 Ventures, Fondo Italiano d’Investimento, Innogest, 360 Capital Partners and DIP Capital.

Founded in 2014 as Supermercato24, Everli provides a same-day grocery delivery service that benefits from partnerships with some of the largest supermarket chains in Europe, including Lidl, Carrefour, Kaufland, Conad and Co-op.

The company claims to have fulfilled more than 4 million deliveries to date across 135 cities in Italy, Poland, France and the Czech Republic, the last two markets it expanded into after the round’s first tranche.

FII Tech Growth led the company’s $15.2m series B round in 2018 with backing from Innogest, Endeavor Catalyst and 360 Capital Partners. It came two years after $3.3m from 360 Capital Partners and Innogest that took Everli’s total funding to approximately $3.9m.

Federico Sargenti, Everli’s chief executive, said: “Everli has successfully expanded internationally in recent months, making great progress securing international retailer partnerships which are going to help us grow even faster.

“We are very excited to have United Ventures on board to further accelerate these opportunities in the short term, but also from a longer-term perspective the experience and history they have are going to be invaluable as we continue to scale.”

Image courtesy of Everli.

By Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the Global Venturing Review podcast.