Failed 2023

    Cortilia (Down Round)

    Milan grocery e-commerce Cortilia raised €20M+ then conducted multiple layoff rounds and a flat-to-down financing in 2023 as Italian grocery-e-commerce demand normalized post-COVID.

    Founded → Closed

    2011 → 2023

    Funding Raised

    $25M

    Industry

    E-commerce/Grocery

    Country

    Italy

    Full Analysis

    Milan-based Cortilia was one of Italy's leading farm-to-table grocery e-commerce platforms. After raising €25M+ from P101 and Indaco, the post-COVID return to physical grocery retail in Italy collapsed demand. Multiple rounds of layoffs in 2022-23 and a flat-to-down financing followed. A representative Italian grocery-e-commerce post-COVID correction.

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