The scientific toy company Science4you concluded an investment round of two million euros, which was led by the Portuguese fund Draycott, with the aim of growing its online business, especially in the United States.
According to the statement, the “investment is strongly oriented towards the growth of ‘e-commerce’ (‘online’ commerce), with a special focus on the United States market, where Science4you has a subsidiary, an office in Los Angeles and a warehouse in New Jersey”.
Currently, more than 50% of Science4you’s sales are made online, with 80% of turnover originating in international markets, “which reinforces the brand’s global positioning and the growing relevance of the digital channel in its strategy”.
“We intend to continue to grow around 30% per year in ‘e-commerce’ in the coming years, the focus is on maintaining the pace of launching innovative products, something we have been doing consistently for many years”, said the company’s founder, Miguel Pina Martins, in a statement.
Science4you is a Portuguese company that was founded in 2008 and is now present in more than 50 countries, including Portugal, Spain, France, United Kingdom, Germany, Italy, Poland, USA, Canada and several countries in Latin America.
The company exports 80% of its sales and employs more than 100 workers.
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