- Cortilia, a Milan, Italy based online quality fresh food company, closed a €34m Series C round of financing
- The round was led by Red Circle Investments, the investment company of Renzo Rosso, founder of Diesel and president of fashion group OTB
- In conjunction with the funding, Mr. Rosso is also joining the Board of Directors of Cortilia
- The company intends to use the funds to further develop the presence of its services throughout Italy
- Cortilia is an e-commerce company with a catalog of 2,500 food products, promoting a model of sustainable and healthy consumption
- Cortilia also announced that it has updated its Articles of Association to officially become a benefit corporation
