# Cortilia S.p.A.

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

- Industry: Food
- Headquarters: Milan, Italy
- Website: www.cortilia.it
- Total disclosed funding: $51M
- Latest round: Series C (Jan 11, 2021)
- Investors on record: 5

## About

Cortilia S.p.A. is an online grocery delivery service that specializes in providing high-quality, locally sourced food products directly to consumers, ensuring freshness and supporting local producers through convenient shopping experiences.Founded in 2011, Cortilia S.p.A. operates from its headquarters in Milan, Italy. The company has raised EUR 20.000 mn in its latest funding round on June 29, 2022, led by Red Circle Investments, with participation from Five Seasons Ventures, Indaco Venture Partners, and Primo Capital. Marco Porcaro, the founder, has established Cortilia with a focus on delivering fresh, sustainable food to urban consumers.Cortilia is an online grocery delivery service that specializes in providing a wide range of high-quality, locally sourced food products directly to consumers. The company offers a diverse selection of items, including fresh fruits and vegetables, gourmet gastronomy, vegan products, meats, dairy, baked goods, snacks, and beverages, all curated to meet the needs of health-conscious consumers. By leveraging a fully refrigerated logistics system, Cortilia ensures the freshness and quality of its products from farm to table. The service addresses the convenience of modern consumers who seek to shop online while supporting local producers and sustainable practices. Cortilia mainly operates in urban regions across Italy, targeting environmentally conscious individuals and families who value quality and sustainability in their grocery shopping.In 2023, Cortilia achieved a revenue of EUR 40,243,483.60 with an EBITDA of EUR -13,421,687.40.Cortilia plans to utilize the EUR 20.000 mn raised in June 2022 to enhance its logistics and expand its product offerings. The company is also looking to enter new markets beyond Italy, focusing on urban areas in other European countries. Specific markets for expansion have not been disclosed, but the company aims to broaden its reach by 2024. Upcoming products are in the design phase but details on specific releases have not yet been made public.

## Funding rounds

- Series C, Jan 11, 2021, $42M — P101, Primo Capital, Red Circle Investments, Five Seasons Ventures, Indaco Venture Partners
- Series B, Sep 17, 2019, $9.3M — P101, Primo Capital, Five Seasons Ventures, Indaco Venture Partners

## Investors

- P101 (https://capitalatlas.ai/funds/p101) — Series B, Series C
- Primo Capital (https://capitalatlas.ai/funds/primo-capital) — Series B, Series C
- Five Seasons Ventures (https://capitalatlas.ai/funds/five-seasons-ventures) — Series B, Series C
- Indaco Venture Partners (https://capitalatlas.ai/funds/indaco-venture-partners) — Series B, Series C
- Red Circle Investments — Series C