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Aljazira Capital, Rainwater Partners, and STV led a $156m Series C round in Floward.

Financials

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Transaction Value£129m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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E-commerce

flowers

United Arab Emirates

Private Equity

Private

Venture Capital

Minority

Cross Border

Acquisition

Friendly

Completed

Single Bidder

Synopsis

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Investment firms Aljazira Capital, Rainwater Partners, and STV led a $156m Series C round in Floward, the go-to online flowers and gifts destination in MENA and UK. The company intends to utilize the funds to further invest in expanding its gifting verticals and relying more on artificial intelligence and machine learning to elevate its customer experience and meet the demands of its ever-growing customer base in the region.

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