European online grocery platform Everli accelerates international expansion with $100 million in funding

According to foreign media reports, European online grocery platform Everli recently announced that it has raised US$100 million in Series C financing for international expansion.

The round was led by Verlinvest, with participation from new investors Luxor , DN Capital , C4 Ventures, and Convivialité Ventures. FITEC , 360 Capital , Innogest, and DIP also followed.

Everli said it will use the capital injection to accelerate growth and further expand its international presence. Everli has grown rapidly over the past year and has continued to expand its business scope.

Everli’s sales nearly quadrupled to $130 million in 2020. This growth is increasingly happening outside of Italy, with international expansion now accounting for more than 20% of its orders.

“The shift to online delivery has not reversed, and we have built a new model that we believe delivers unparalleled value to consumers through broad access to the retailers and products they love , ” Everli CEO Federico Sargenti said in a statement.

Founded in 2014 , Everli is a European online grocery platform that was originally established in Italy and now also operates in Poland , the Czech Republic and France.

Everli is already a delivery partner for some of Europe's largest grocery brands, offering more than 300,000 products in the 70 cities it operates in . And, like other online grocery products, Everli has benefited from the growth of e-commerce and the reliance on delivery services caused by the pandemic and national lockdowns.

Everli is a leader in the European grocery market and has gained support from brands such as Lidl, Kaufland and Carrefour , and is continuously expanding its business scope in various European countries.

CEO Federico Sargenti said : “ Everli is focused on providing consumers with everything they need, with same-day delivery and one-hour delivery windows . ”

Simone Sallustio, Executive Director at Verlinvest, added: “Everli combines its technological and data excellence with the grocery retail experience of its partners. This combination has cemented its position as a leader in the European online grocery market, delivering the best consumer experience , value to retail partners and online activation for brands. ”

Europe

Online Grocery

Everli