1000Farmacie raised €1.5 million from Fin Posillipo Spa and Healthware Ventures.

1000Farmacie, a Milan, Italy-based startup that brings together several hundred Italian pharmacies, announces that it has closed a €1.5 million ($1.7 m) investment round.

The money was raised from industrial groups, investors, such as Fin Posillipo Spa and Healthware Ventures.

Proceeds will be used to continue investing in product development and strengthen its market positioning.

1000Farmacie, founded in 2020 by CEO Nicolo Petrone, is a startup that brings together the best Italian pharmacies, with their respective warehouses, to make available to users the possibility of choosing from a wide range of products at the best price and receiving them directly at home via the delivery service.