2 years ago
Qogita Secures €80M in Series B Funding to Expand Wholesale Platform
Qogita, a London-based wholesale procurement platform focused on the health and beauty sector, has raised €80 million in Series B funding, bringing its total funding to €119 million
The round was led by Dawn Capital, with participation from existing investors including Accel, LocalGlobe, and Bessemer Venture Partners
Qogita intends to use the funds for product development and category expansion
The company serves over 10,000 buyers across 28 countries and over 300 sellers, offering a streamlined procurement process with best available prices and hassle-free ordering.
ProblemTechnology
"making wholesale procurement more efficient for small and medium-sized retailers by connecting them with sellers and optimizing product selection and pricing"
Solution
"a wholesale ecommerce platform that connects buyers and sellers, allowing buyers to select products and choose from available prices without having to negotiate with individual sellers"