Colvin

About Colvin

Colvin operates as an online marketplace in the floriculture sector, aiming to modernize the industry by shortening the supply chain. Founded in Barcelona in late 2016 by Andrés Cester, Marc Olmedillo, and Sergi Bastardas, the company was established to address issues of high prices, low flower quality, and a lack of brand differentiation in the market. The founders, who met at ESADE Business School, gained initial market insights by selling roses at stalls for the Sant Jordi festival in Barcelona. This experience highlighted the inefficiencies of the traditional supply chain, which can involve up to eight intermediaries.

The company's business model is centered on a direct-to-consumer approach, sourcing flowers and plants directly from growers and eliminating intermediaries. This strategy allows Colvin to offer fresher products at more competitive prices. Revenue is generated primarily through e-commerce sales of bouquets, plants, and related products for both one-time purchases and subscription services. The subscription model provides a steady revenue stream, with customers receiving regular deliveries. Initially focused on individual consumers (B2C), Colvin expanded into the business-to-business (B2B) market, leveraging its network to supply florists and other retailers. However, the company has recently shifted its strategic focus back to the B2C segment to pursue profitability.

Colvin's product offerings include a variety of fresh flower bouquets and, since 2019, a line of indoor plants under the brand "Colvin Jungle." The company emphasizes sustainability by working with socially and environmentally certified growers and focusing on seasonal products to reduce environmental impact. Operations are based in Spain, Italy, and Portugal, with a recent expansion into France through the acquisition of Monsieur Marguerite in 2022. The company has secured significant funding over several rounds, raising a total of approximately $88 million from investors including Eurazeo, Samaipata, and Milano Investment Partners. In 2023, the founders stepped back from CEO roles to bring in new leadership focused on achieving profitability, though they remain involved as shareholders and advisors.