Everli on its $100m Series C financing round
Torch Partners acted as exclusive financial adviser to Everli, the leading online grocery marketplace in Europe, on its $100m Series C round led by Verlinvest, with investments from Luxor, DN Capital, C4 Ventures and Convivialité Ventures, as well as existing investors, including FITEC (part of Fondo Italiano d’Investmento), 360 Capital, Innogest and DIP.
Launched in 2014 and headquartered in Milan, with offices in Verona and Warsaw, Everli is the delivery partner of choice for some of Europe’s largest grocery retailers including Lidl, Kaufland and Carrefour, offering access to over 300,000 products across 70 cities in Italy, Poland, Czech Republic and recently France.
In 2020, Everli’s sales nearly quadrupled to US$130m, as consumer shopping habits continue to rapidly shift towards online grocery shopping. The additional investment will be used to accelerate the expansion of the European footprint; and significantly scale its team in areas such as tech, product, operations, marketing and finance.
Torch Partners acted as exclusive financial advisor to Everli, further demonstrating Torch Partners’ expertise and track record in advising foodtech and ecommerce companies on raising growth equity capital.
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