PromoFarma operates an electronic marketplace for parapharmacy products, offering a catalogue of about 30,000 items through more than 350 collaborating pharmacies. The company reported over 200,000 buyers and concentrates its strategy primarily on the Spanish market. It has begun tests in Portugal and plans launches in other countries. PromoFarma expects to surpass €15 million in revenue in 2016 and €35 million in 2017. The funds from the round will be used to increase marketing—especially television—improve operations with pharmacies, and continue investing in mobile. The company is headquartered in Barcelona.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2016