The Latvian start-up “Supliful” plans to increase its turnover tenfold in 2024, reaching 50 million dollars, writes the “Dienas biznes” portal.
The company is engaged in the manufacture and delivery of cosmetics, nutritional supplements and packaged food products to order. According to the agreement, it has been reached that the opportunity capital fund “FlyCap” will provide it with a mezzanine loan of up to 2 million euros, which will be invested in increasing the turnover.
In 2021, “Supliful” had a turnover of 200,000 dollars, while in 2022, the turnover reaches 800,000 dollars. “Supliful” has never been rated, so its value is unknown.
Previously, investments were received in the form of an agreement, allowing the investor to purchase shares of the company in the future at a better price compared to what will be offered to other investors at that time.
“FlyCap decided to finance Supliful because it is a fast-growing IT company. It is managed by a professional and very hardworking team. It is also important that Supliful has reached a stage of development where it can operate profitably, but the future in the name of rapid development, the focus in the coming year may not be profit maximization.FlyCap also sees great opportunities for growth in this industry, which we call the creator economy (“creator economy” – English), where anyone from scratch can become a significant content creator. manufacturers on social media, as well as to sell various products with a trademark invented by himself, and to do it successfully. We see great prospects in this direction,” says “FlyCap” partner Jānis Skutelis.
Production of the start-up “Supliful”. Photo: Publicity
2023-12-28 12:33:10
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