Matsmart-Motatos closes oversubscribed capital round led by circular specialist investor Circularity Capital
Matsmart-Motatos, the leading European D2C e-commerce retailer of overstock dry foods and consumer products, has announced the successful completion of a €40m growth capital round led by Circularity Capital, with additional support from existing shareholders.The capital raised will primarily be used to grow the business in the German and Nordic regions. As the automation of the Nordic warehouse has driven increased operational capacity and efficiency, Matsmart-Motatos now plans to replicate similar systems at its German facility. Matsmart-Motatos CEO Peter Beckius commented: “Our coming