Cynny spa, a startup company which developed an app allowing users to archive and share their data without storage limits, in cloud, in a secure mode and at a very low cost, is ready for a new funding round targeting 2.2 million euros (download here the press release). A 400k euros first tranche of the capital increase should be subscribed by next March 31st at a price of 21.9 euro per share (that is more than 10% higher than 19.8 euro per share of the previous capital increase)
Actually Cynny’s founder, Stefano Bargagni, an IT and digital pioneer in Italy who founded in 1994 the first Italian e-commerce platform Chl (listed at the Italian Stock Exchange since 2000), raised 2.6 million euros already in 10 months in two tranches reaching the number of about 70 private investors (see here a previous post by BeBeez).
Moreover in the last few weeks Cynny obtained a 2 million euros banking facility by Gruppo IntesaSanpaolo and Carismi and Italian-listed B&C Speakers‘ cfo, Simone Pratesi, was appointed member of Cynny’s board of directors (while keeping his role in B&C Speakers).
