PromoFarma.com company

PromoFarma.com is the leading online marketplace of consumer health and wellness products, enabling thousands of customers to purchase the best beauty, baby and health products directly from hundreds of pharmacies and other health merchants. Founded in Barcelona, PromoFarma.com is operating in Spain, but it's already planning to export its successful business model abroad. The company's innovative model is based on Spanish high retail pharmacies for a quick and profitable delivery of quality products from the most renowned brands. It is a new business model that combines online sales of consumer health products with the added value of their delivery from the local pharmacy channel. This marketplace enables users to order online and receive products at home with trust, transparency and convenience guaranteed. The company bases its value proposal on a wide catalog of 30.000 items, the best prices and an excellent delivery service. Currently, PromoFarma.com has a network of 300 pharmacies across Spain and more than 150.000 buyers, getting strong brand recognition thanks for its TV campaigns. PromoFarma.com is transforming the online health challenge into a marketplace that provides confidence to consumers who are interested in healthcare products with the highest pharmaceutical features. PromoFarma.com has been recognized by the magazine Actualidad Económica as one of the Best Spanish Startups for its innovation, talent and youth. Furthermore, in 2014 and 2015 it has been awarded with the popular prize of “Best Beauty and Personal Care Webshop”.

Technology: AgeTech
Headquarters: Barcelona, Catalonia, Spain
Total Funding: €5.6M
Last Funding Type: Debt Financing
Founded Date: 2010-11-01
Investors Number: 4
Industry: Commerce and Shopping, Consumer Goods, Health Care
Employee Number: 51-100
Estimated Revenue: $10M to $50M
Investor Type: For Profit
Funding Status: M&A