Qogita Raises €80M in Series B Funding for Wholesale Procurement Platform
Qogita, a London-based provider of a platform for wholesale procurement, has recently raised €80M in Series B funding. This successful funding round, led by Dawn Capital, has brought the company's total amount raised to €119M. Notable participation from previous investors, including Accel, LocalGlobe, and Bessemer Venture Partners, has also contributed to their current financial milestone. The funds from this round will predominantly be used for product development and category expansion.
Established in 2021, Qogita is an innovative wholesale ecommerce platform that connects buyers and sellers, with a particular focus on the health and beauty sector.
The platform streamlines procurement processes, enabling small and medium-sized retailers, who typically represent the majority of buyers, to easily select desired items from well-known brands. Qogita's platform ensures that buyers are presented with the best available prices for each product, eliminating the need for time-consuming price comparisons and negotiations with multiple sellers. By offering a seamless checkout experience and providing order tracking services, Qogita takes care of the entire purchase journey, from shipping to delivery.
As of now, Qogita proudly serves over 10,000 buyers across 28 countries in Europe, the UK, and the US, catering to the needs of both sellers and retailers. While operating in stealth mode since its inception, Qogita has managed to secure a total of €119M in funding and boasts a vast inventory worth over €500M on their platform. Currently, the company has a team of 75 employees spread across 12 different countries, showcasing its commitment to international growth and customer satisfaction.
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