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Project details

Italian Prosecco firm raising USD 1 M for market expansion to the US.

Project region Italy
Industry Food & Beverages
Total value of the target N/A
Expected target net rate of return after deducting all taxes and fees N/A
Validity period of pending order 366

CONTACT ADVISOR

  • Simon Laube

    Simon Laube

    Senior Associate, International Business Advisory

Project highlights Canned premium drinks – 28% market growth – Famous branding partners
Project description

The Italian based firm produces the only 100% natural canned Italian Prosecco and Prosecco Cocktails on the market. The company was named Double Gold and Gold Awards winner for every product in the line-up, awards that recognize outstanding design and quality. With their colorful quality brand designed for the joyful Bohemian consumer, their products are available in the US in over 250 locations in two states through different distribution contracts and online in 48 states. The firm growth ambition is to expand geographically on both coasts in the US, targeting to have 30,000 stores with distribution over the next 3 years and reach USD 24.4 million revenue in 2026.
Sparkling wine consumption grew 28% by volume in 2021, while prosecco has replaced champagne as the world’s favorite sparkling wine. The firm partners with innovative brand developers who served Red Bull and Coca Cola and seeks to raise USD 1 million via convertible notes in its current round.

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