Project Lobster — Seed · €1.5M

Dozen Investments announced it had closed Project Lobster's capital increase with €800K of its own platform capital, making it lead of a round totalling €1.5M (the crowd campaign had targeted €641K and was oversubscribed at ~115-125%); earlier coverage on 4 July 2022 reported €1.2M raised at that point, with Dozen at €500K and existing shareholder Cabiedes & Partners re-investing, and Dozen's own year-end release later put its contribution at €739K. Pre-money valuation was €6.5M for 8.2% of the equity; co-investors listed on the campaign included Cabiedes & Partners, Abac Nest, Eneko Knorr and Levels Up Ventures, and funds went to technology, new business lines and the team (35 people), with a stated plan to go from 5 to 54 stores in southern Europe over 36 months. The company had also quietly closed a second, undisclosed capital increase at the end of 2020 with the same investor base during Covid, which Spanish press never put a figure on.