About PromoFarma
PromoFarma is a company based in Barcelona (Spain) founded in 2012 was acquired by Zur Rose Group in July 2018.. PromoFarma has raised $12.35 million across 4 funding rounds from investors including Kibo Ventures, Zur Rose Group and Vitamina K. PromoFarma has completed 1 acquisition, including Zur Rose Group. PromoFarma operates in a competitive market with competitors including Carethy, Atida, We Make It, Farmafree and Farma Uchas, among others.
- Headquarter Barcelona, Spain
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.35 M (USD)
in 4 rounds
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Latest Funding Round
$2.88 M (USD), Series A
Jul 19, 2016
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Investors
Kibo Ventures
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Zur Rose Group
(Jul 02, 2018)
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Funding Insights of PromoFarma
PromoFarma has successfully raised a total of $12.35M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.88 million completed in July 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $2.9M
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First Round
First Round
(01 Jun 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series A - PromoFarma | Valuation |
investors |
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| Jun, 2015 | Amount | Series A - PromoFarma | Valuation |
investors |
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| Apr, 2014 | Amount | Series A - PromoFarma | Valuation | Kibo Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PromoFarma
PromoFarma has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Kibo Ventures, Zur Rose Group and Vitamina K. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Technology sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Vitamina K is engaged in seed investing for internet ventures.
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Founded Year | Domain | Location | |
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Online pharmacy for buying medicines
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PromoFarma
PromoFarma has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zur Rose Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online pharmacy for buying medicines
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PromoFarma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Promofarma Comparisons
Competitors of PromoFarma
PromoFarma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carethy, Atida, We Make It, Farmafree and Farma Uchas, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthcare products are sold via an online pharmacy platform.
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| domain | founded_year | HQ Location |
Medicines and supplements are offered via an online pharmacy platform.
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| domain | founded_year | HQ Location |
Develops software and e-commerce tools for pharmacy customer loyalty and sales.
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| domain | founded_year | HQ Location |
Healthcare and cosmetic products are offered via an online platform.
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| domain | founded_year | HQ Location |
Online platform selling medications, beauty items, supplements, and health supplies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PromoFarma
When was PromoFarma founded?
PromoFarma was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is PromoFarma located?
PromoFarma is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Is PromoFarma a funded company?
PromoFarma is a funded company, having raised a total of $12.35M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.14M, raised on Jun 01, 2013.
What does PromoFarma do?
PromoFarma was founded in 2012 in Barcelona, Spain, and operates as an online marketplace in the health and wellness sector. Medications, beauty products, personal care items, dietary supplements, and herbal goods are offered via the platform. Hyper-local delivery services are provided to users locations, with an accompanying app facilitating e-commerce transactions for these categories.
Who are the top competitors of PromoFarma?
How many acquisitions has PromoFarma made?
PromoFarma has made 1 acquisition, including Zur Rose Group.
Who are PromoFarma's investors?
PromoFarma has 3 investors. Key investors include Kibo Ventures, Zur Rose Group, and Vitamina K.