London-based Ferovinum a funding and supply chain platform for wine and spirits raises over €20.8 million
Summary
The round was led by Notion Capital, a leading European SaaS and Cloud investment firm, whose General Partner Jos White will join the Ferovinum board. Businesses in the drinks industry are faced with a very specific set of challenges, including major liquidity constraints (with funds tied up in stock and payment terms), a complex and outdated supply chain, and a highly regulated global market that creates friction and barriers to selling internationally. Ferovinum has created an end-to-end digital platform that helps businesses fund, produce, procure, and sell to global wine and spirits markets. The company has already seen tremendous growth in the UK market, with over £170 million of products transacted through the platform and growing annual sales by 1,000% since early 2023. Jos White, General Partner at Notion Capital said: “Ferovinum’s platform leverages technology to give small and mid-sized players in the drinks industry access to funding, and an integrated set of supply chain services.