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DoveConviene - Shopfully

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Cento, ItalyFounded 2011eCommerce & Marketplaces
Valuation $25–50M Last recorded · 2015
Revenue $50–100M Latest reported FY
Headcount 500–1k Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for DoveConviene - Shopfully and the history behind them.

About DoveConviene - Shopfully

Shopfully, formerly known as DoveConviene, operates as a pivotal tech entity in the drive-to-store market, connecting millions of consumers with physical retail locations. The company was established in Italy in 2012 by Alessandro Palmieri and Stefano Portu, two entrepreneurs with extensive backgrounds in the digital sector. Portu, the current CEO, gained early experience in the late 90s as part of the founding team of Buongiorno, a mobile marketing public company, and later worked at Gedi Group, a major Italian media conglomerate. This experience highlighted for him that technology's primary purpose is to enhance consumers' lives by understanding their habits. Palmieri and Portu identified an opportunity in the retail sector, observing that while most sales still occurred in-store, purchasing decisions were increasingly influenced by digital research.

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The company's business model centers on guiding consumers from online product discovery to in-store purchasing, thereby increasing foot traffic for its retail partners. It serves over 500 top retailers and brands by providing a suite of digital marketing solutions. Revenue is generated through these solutions, which help retailers digitize their trade marketing tools, like paper flyers, and engage consumers throughout their purchasing journey. Shopfully's core service is delivered through its proprietary marketplaces—including DoveConviene, PromoQui, VolantinoFacile, and Tiendeo—and its AI-based hyperlocal marketing platform, HI! (Hyperlocal Intelligence). This platform allows for the execution and measurement of hyperlocal campaigns, reaching geolocated consumers and providing retailers with data on in-store visits.

Shopfully's history is marked by strategic growth and acquisitions. After its founding, it secured several rounds of funding from investors such as 360 Capital Partners, Merifin Capital, and Highland Capital Partners Europe, raising over €20 million in its first three years. A significant rebranding occurred in 2019 when DoveConviene became Shopfully to reflect its expanded geographical and product scope. The company has actively acquired other marketplaces to consolidate its market position, including PromoQui and VolantinoFacile in 2020, and the Spanish company Tiendeo in 2022. In 2023, Shopfully was acquired by MEDIA Central Group, a German company specializing in drive-to-store marketing, creating a leading European platform. Further consolidation occurred with the acquisition of Ofertia in 2024 and a merger with Flipp to create a global leader in the sector.

Source: Dealroom company data

At a glance

Founded
2011
Headquarters
Cento, Italy
Sector
eCommerce & Marketplaces
Power Law
Colt$25–100M revenue

Latest news

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Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Series B and later2 investors entered at this stage

Team profiled 42 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 8 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
17 countries with
team presence
🇮🇹 Italy52.8%
🇩🇪 Germany17.2%
🇪🇸 Spain10.9%
🇧🇬 Bulgaria6.4%
🇦🇹 Austria3.2%
Top 5 of 17 shown
Web traffic by country
4.9M monthly visits
across markets
🇮🇹 Italy96.6%
🇪🇸 Spain1.6%
🇫🇷 France0.3%
🇺🇸 United States0.1%
🇬🇧 United Kingdom0.1%
Top 5 markets shown

Market sentiment

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