Catalyst Romania, one of the most important venture capital firms focused on technology in Romania, will finance with EUR 2 million the expansion plans of the online retailer evoMAG, which wants to open two physical showrooms and an international presence. The investment will support the long-term development strategy of the online store.
“The capital infusion will allow us to take evoMAG to a new level of development, both on the Romanian market, online and offline, but also outside the country. We are happy to have attracted a strong partner with experience in the eCommerce industry to support the transformation of evoMAG and who shares our development vision”, says Mihai Pătrașcu, CEO of evoMAG.
Last year, evoMAG recorded sales of EUR 34 million, up from 2020.
