Vermut closes a round of 1.5M foreign financing

Just two years after its creation, Vermouth, activities and leisure platform designed for the public over 55 years of age, has closed a new round of investment for a value of one and a half million euros, giving entry to new international shareholders in the company.

Among them stands out the entry of BitKraft leading, the global investment platform for gaming, Web3 and immersive technologyGaingelsone of the largest and most active private investors in North America, the private equity fund Service Providers or the exclusive network Calm/Storm.

The capital raised will be used to continue the expansion of the company in the Spanish market and to tackle the North American market in 2023. To this end, the company has moved its headquarters to Delaware, becoming Vermut Senior Community INC, the first Spanish Age Tech startup based in the United States.

Respond to a social need

Created in Barcelona in June 2020 by Fernando Dellepiane and Enric Duran, two former Glovo workers, Vermouth was born to respond to a social need that they detected from the experience they perceived in their own parents”The senior public is highly digitized, but until now there has been neither a leisure offer nor a platform created specifically for them. We wanted Vermut to be that missing meeting point for adults. A social network with the content and usability that these active users demand, which will also have a Marketplace of empowering activities to end social isolation and loneliness and that facilitates interaction between older people with the same interests”.

Since its inception, the company has had the support of a group of Business Angels, entrepreneurs and prestigious managers. In December 2020, Vermut was selected to enter the Lanzadera Traction program and in March 2021 it raised a first round of financing of €150,000. In October 2022, after completing an acceleration in The Birdhouse in Belgium and raising a new round of financing, the company has multiplied its value and offers its users the possibility of carrying out activities throughout Spain. “Vermut wants to eradicate the fear of aging from society on a global level. We have started in Spain, but we have our eyes on the world”, indicates Fernando Dellepiane.

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More than 50K connections generated in 2022, new app and unique features.

Vermut is a digital platform aimed at ending the loneliness of the senior public, empowering them so that they can generate authentic connections through social experiences around shared interests. Vermut combines a marketplace for leisure, training and recreation activities with a social network with content and usability specifically created for seniors.

Its new App, designed particularly for non-native people, is the only social network for seniors where users have the ability to connect easily with other people through their own profile and the power to create their own meetings to meet in the offline world and carry out different activities such as hiking, leisure experiences related to their hobbies, participating in volunteer actions, etc.

In 2022 alone, Vermut has had more than 16,000 registered users who open the App at least once a day and have created a total of more than 50,000 connections through physical encounters of people with the same interests.

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