# Tannico Spa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tannico

- Industry: Consumer Products
- Headquarters: Milan, Italy
- Website: www.tannico.it
- Total disclosed funding: $4.3M
- Latest round: Series A (Oct 3, 2016)
- Investors on record: 1

## About

Tannico Spa is a leading online wine retailer in Italy, specializing in a vast selection of wines from various regions, catering to both consumers and businesses through its e-commerce platform.Founded in 2012, Tannico Spa is based in Milan, Italy, operating as a dedicated online wine retailer. The company has successfully engaged in three funding deals, with the latest being EUR 23.4 mn from Davide Campari-Milano N.V. on June 5, 2020. The company is co-founded by Juliette Bellavita and Marco Magnocavallo, with Thierry Bertrand-Souleau serving as CEO.Tannico operates as a prominent online wine retailer in Italy, focusing on providing a wide array of wine offerings. The company specializes in curating and selling a diverse selection of wines, including premium varieties and lesser-known artisanal options. Customers can purchase wines directly through the company's e-commerce platform, which serves both individual consumers and businesses such as restaurants and hotels.In 2023, Tannico reported a revenue of EUR 31,417,512.30, with an EBITDA of EUR -7,559,827.10. The company generates revenue through direct-to-consumer sales, allowing customers to purchase individual bottles or curated selections, often with promotional discounts for bulk purchases. Revenue is further supplemented through partnerships with restaurants and bars sourcing from Tannico's catalog.The funding raised in June 2020 will be utilized to support Tannico's strategic initiatives for growth, including the launch of new product offerings and expansion into additional markets. Specific plans are in place to enhance their wine portfolio and target new geographic regions, although details on exact markets and timelines are not specified.

## Funding rounds

- Series A, Oct 3, 2016, $4.3M — P101

## Investors

- P101 (https://capitalatlas.ai/funds/p101) — Series A