Citibox — Debt · €80M

Citibox raised €80 million of debt through a private bond placement listed on the Vienna Stock Exchange, co-led by credit funds Growth Credit Partners (London) and CoVenture (New York). Billed as the largest bond issuance by a Spanish startup, the non-recourse securitisation leaves the cap table untouched and funds a tenfold expansion of its smart mailbox network to 600,000 units over three years.