Venture builder EPTI (“EPTI” or “the Company”) has announced in interim report Q3 2021 that the majority-owned subsidiary Apotekamo AB (“Apotekamo”) has closed an oversubscribed new share issue where the company will receive 23 million. The capital raising sets Apotekamo at a post money valuation of SEK 91 million and the money is intended to strengthen the company’s continued expansion and technology development.
Apotekamo is the market leading online pharmacy within the target region being central and southeastern Europe. Apotekamo is currently operating in Serbia and Bosnia and aims to continue its expansion in the nearby region of Central and Eastern Europe. Apotekamo offers classic webshop functions and payments for products from the company’s suppliers. To suppliers, Apotekamo offers flexible order processing and payment solutions to get their products out to consumers.
Lead investor in the funding round were Schoeller Group which is a european leader within returnable packaging solutions and supply chain systems services. Among EPTI, other investors were Angelgate AG which is a European network of business angels of which EPTI is a member.
Since the start of the year, Serbia has shown keen interest in Apotekamo; the opening month was quickly followed by a 51% increase in visitors and over 150% increase in both orders and products purchased. By March, Apotekamo seemed to have become a staple in the regional health and ecommerce sphere, with a staggering 300+% increase in revenue, marked by now-recurring customers and new shoppers alike.
Now, with an average of 34% increase in orders over H1, the course seems set for Apotekamo to break all previous milestones in a record breaking year for online shopping as new countries get added to the fold, physical stores open and Apotekamo branded buses proudly display our colors across more and more cities.
Apotekamo CEO Milic comments: “Since the start, Apotekamo has had very strong growth in terms of customers via the company’s online pharmacy especially after we also opened up the market in Serbia. It is with pleasure that we see that our hard work is now also generating sales and value for our customers. With Apotekamo’s funding round, the company gets capital that strengthens the company’s ability to ensure that quality pharmacy products are available for the customers, as simply and quickly as possible. The capital from our funding round will be allocated to explore further business opportunities and to continue with the work of developing our platform. It is with great enthusiasm that I look into the future to make Apotekamo the market leader and take the position in innovating and digitizing the market for pharmacies in central and southeastern Europe.”
For further information, please contact:
Robert, CFO, EPTI AB
Phone: +46 73-652 56 60
For international media enquiries, please contact:
Benjamin Webb, Deliberate PR
Phone: +44 7930 408224
Information about EPTI
EPTI invests capital and operational support for companies, entrepreneurs and founders to build market-leading innovative companies under the motto “We Empower Innovation”. As a venture builder, this is done by adding experience from other founders, capital, resources, processes, state-of-the-art technology as well as commercial execution and marketing. EPTI also starts companies and joint ventures with driven co-founders and companies. The companies in EPTI’s portfolio are in the segments Gaming, Fintech, Marketplace, SaaS and Services. Since the start in 2017, a portfolio of more than 25 companies has been built up, of which the majority-owned companies comprise a total of approximately 200 coworkers in seven countries around Europe. EPTI is more than an investment company, it is partly an investment company and partly a service company. A venture builder for founders, by founders.
Information about Apotekamo
Apotekamo is an online pharmacy with a focus on countries in the central and the south eastern Europe and offers classic webshop functions and payments for products sold on the Apotekamo website to consumers. Apotekamo’s technical platform also offers suppliers order handling and payment solutions to get their products maximum reachability. Apotekamo strives to offer the best shopping experience for consumers by offering digital and simple solutions for both suppliers and end consumers.
For more information, see Venture’s website www.apotekamo.com