# Babaco Market S.p.A.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babaco-market-s-p-a

- Industry: Food
- Headquarters: Milan, Italy
- Website: www.babacomarket.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Nov 23, 2022)
- Investors on record: 10

## About

Based in Lombardy, Italy, and founded in 2020, Babaco Market S.p.A. operates as a provider of an online marketplace that sells fruits and vegetables. The company was founded by Francesco Giberti e Luca Masseretti. In November 2022, Babaco Market S.p.A. raised EUR 6.3 million in series A funding led by United Ventures, Boost Heroes, and CDP Venture Capital.

The e-grocery service provider offers an online platform that allows customers to order Italian fruits and vegetables. It offers various fruits and vegetables to its customers such as potatoes, pumpkin, yellow kiwi, caco rojo, etc. It also provides recipes to its customers. 

The company plans to use the November 2022, funds to increase its workforce as it plans to expand its business reach internationally.

The firm generates its revenue by selling fruits and vegetables. The smallest box offered by the firm costs EUR 19 which is ideal for 1-2 people and contains 6kg of selected fruits and vegetables and also offers jungles the largest box costs EUR 27 and weighs 9-10 kg.

## Funding rounds

- Series A, Nov 23, 2022, $6.5M — CDP Venture Capital, LVenture, United Ventures, Plug and Play, Boost Heroes, Doorway Capital, Seven Investments, Startupbootcamp, NextUp, Feel Venture

## Investors

- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Series A
- LVenture (https://capitalatlas.ai/funds/lventure) — Series A
- United Ventures (https://capitalatlas.ai/funds/united-ventures) — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Boost Heroes (https://capitalatlas.ai/funds/boost-heroes) — Series A
- Doorway Capital (https://capitalatlas.ai/funds/doorway-capital) — Series A
- Seven Investments — Series A
- Startupbootcamp (https://capitalatlas.ai/funds/startupbootcamp) — Series A
- NextUp (https://capitalatlas.ai/funds/nextup) — Series A
- Feel Venture (https://capitalatlas.ai/funds/feel-venture) — Series A