UK – Qogita, a London, UK-based provider of a platform for wholesale procurement, raised €80M in Series B funding.
The round, which brought the total amount to €119M, was led by Dawn Capital and included participation from previous investors including Series A lead Accel, and Seed co-leads LocalGlobe and Bessemer Venture Partners. The company intends to use the funds to invest in product development and category expansion. Founded in 2021 and led by CEO Manolis Manassakis, Qogita provides a wholesale ecommerce platform that connects buyers and sellers, with a focus on the health and beauty sector. The platform optimises procurement, enabling buyers, usually small and medium-sized retailers, to select their desired items, choosing from popular brands, whilst Qogita finds the best available prices for each product, removing the need to compare deals and negotiate with different sellers. All customers need to do is check out and use the platform to keep track of orders, with Qogita taking care of the whole purchase, including shipping and delivery. The company serves over 10,000 buyers across across 28 countries in Europe, the UK and US, and over 300 sellers. Building in stealth since 2021, Qogita has raised €119M in funding and grown to over €500M in available inventory on the platform. The team has 75 people with employees in 12 countries. 14/12/2023
