Colvin has entered a new phase as its founders step back to observe and redirect the course of the business. A fresh chief executive has been installed to accelerate a path toward sustainable profitability and enduring growth. The leadership shift signals a stronger commitment to a strategy first articulated at the close of 2022: to optimize capital efficiency and better align with current global market conditions. Investors have been drawn by a steady flow of capital into promising firms that demonstrate solid earnings and scalable expansion. This strategic repositioning comes with a notable liquidity boost, reinforcing Colvin’s financial footing as it navigates a shifting landscape.
Key backers, including the national fund Samaipata, Italian entities like Q101, Milan Investment Partners, and the French firm IDInvest, along with Eurasia, have contributed to this round, adding another €6 million to the company’s war chest. Founders-turned-CEOs reframe the message as a vote of confidence that strengthens Colvin’s cash position to meet new challenges and to signal support to the broader investor community.
According to statements from the leadership, this rounds of funding aims to ensure liquidity and capitalization through a period of tighter market conditions, enabling a smooth pivot toward profitability. The executives insist that the company will stay the course with a strategic focus on cash discipline and prudent asset management as it adapts to evolving economic realities.
This transition period also involved optimizing operations by exiting low-margin lines, including certain markets and wholesale activities, which affected the workforce. The company reduced its headcount by 75 roles, resulting in a total staff level of 120. The moves are presented as part of a broader plan to reallocate resources toward higher-potential segments, with a clear emphasis on long-term sustainability rather than short-term gains.
Different strategy and management styles
News outlet La Información reported on Wednesday that Colvin was navigating a challenging funding landscape, noting that the past eighteen months had imposed a substantial financial toll. The report suggested a market value decline of approximately 40% to 50% as the company pursued rounds of financing to sustain operations.
The company released an official statement later that afternoon, framing the situation as a maturation moment. It described a deliberate shift to a different strategy and leadership approach, emphasizing longer horizons, sustainable growth, and a commitment to ongoing involvement by the founders as shareholders and directors.
One of the founders explained that the original profile—one built around rapid experimentation and expansion—had served well for the first six and a half years. Yet, after a period of transition and adjustment, the long-term plan now calls for more seasoned management and a stabilized roadmap. The statement underscored a belief that there are many qualified professionals who can guide the company toward profitable growth while maintaining a strong entrepreneurial culture.
In interviews, the new leadership stressed that the focus is shifting from rapid scaling to disciplined execution. The aim is to preserve the company’s core strengths—innovation, customer-centric product development, and a willingness to test new ideas—while reinforcing financial discipline, governance, and strategic partnerships that support sustainable advancement. The executives reiterated their intention to remain actively involved and to ensure the company remains well-capitalized as it progresses toward its revised objectives.