Ferovinum, a London, UK-based funding and supply chain platform for wine and spirits businesses, has raised £17.5 million in Series A funding.
Investors
The round was led by Notion Capital, with participation from Shapers VC, Semapa Next, and existing shareholders.
Notion Capital is a venture capital firm focused on European B2B SaaS and Cloud, managing over $1 billion in assets and making over 100 investments.
Jos White, General Partner at Notion Capital, will join the Ferovinum board.
Ferovinum Use of Funds
The new funding will enable Ferovinum to expand into the US and Europe, enhancing its offerings.
About Ferovinum
Ferovinum is a growth platform that provides capital and supply chain optimization for the global wine and spirits sector. It offers funding and integrates supply chain solutions, enhancing operational efficiency through tools for production, e-commerce, and ancillary services like insurance and payments. Founded in 2018 by Mitchel Fowler and Daniel Gibney, the platform has funded over 35 million bottles for wine and spirits businesses. To date, Ferovinum’s platform has deployed over £114 million in funding and is collaborating with prominent UK clients, including Holyrood Distillery and Ridgeview Wine Estate.
Funding Details
Company: Ferovinum Limited
Raised: £17.5M
Round: Series A
Funding Date: September 2024
Lead Investor: Notion Capital
Additional Investors: Shapers VC, Semapa Next
Company Website: https://www.ferovinum.com/
Software Category: Funding and Supply Chain Solutions
Source: https://www.ferovinum.com/post/ferovinum-announces-the-completion-of-its-ps17-5m-series-a-funding-round