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Sep 12, 2022 13:58 EEST
September 12 (SeeNews) - Romanian investment fund Netopia Ventures, part of Netopia Group, said on Monday it has invested in online organic produce store Froopt.
Froopt aims to provide clients with products obtained from small farmers, and future plans include adding meat products to its offer, it said in a press release.
Froopt estimates revenues of 500,000 euro ($504,203) in 2022.
The company was created in May 2021 and booked a turnover of 140,000 euro at the end of the year.
"Our inclusion in the NETOPIA Ventures investment portfolio will help us develop the company further by keeping up our sustainability approach, and implicitly that of our partners and fruit and vegetable providers," said Froopt founder, Ioana Pantelimon.
Besides the newly acquired Froopt, Netopia Ventures has eight other companies in its portfolio, including music licensing platform Soundfeed, real estate platform Milluu and cashless payment solutions platform Oveit.
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