LIFTT, a venture capital fund that Stefano Buono heads, attracted 12 million euros from Milan-listed Azimut, wealthy individuals, and family offices further to its shareholders (See here a previous post by BeBeez). LIFTT aims to raise a further 15 million in the mid-term. Fondazione Compagnia di San Paolo and Turin Polytechnic University founded LIFTT in 2020. Buono is one of the founders of Advanced Accelerator Applications, a company that Novartis acquired in 2018 for 3.9 billion US Dollars and delisted from Nasdaq. Further LIFTT’s board members are Carla Patrizia Ferrari, Massimo Lapucci, Giuliana Mattiazzo, and Giancarlo Rocchietti. Buono, Ferrari, Michele Denegri, Niccolò Colussi, Adriano Marconetto, and Claudio Rumazza are part of the Investment Committee.
Earlier in February, Jointly, an Italian startup for welfare services, raised 5 million euros from Rancilio Cube and Azimut Digitech Fund, a vehicle that Azimut Libera Impresa and B2B Gellify manage, sources said to BeBeez (See here a previous post by BeBeez). Rancilio invested with other investors through a Club Deal Fiduciaria Digitale‘s vehicle. The sources said that Jointly sold 11.3% to Azimut Digitech Fund and 1.6% to Club deal Fiduciaria Digitale on the ground of an equity value in the region of 39 million. In addition, the company appointed as new directors Gianluca Giovannetti and Luca Rancilio. Anna Zattoni and Francesca Rizzi are the chairwoman and the ceo of Jointly. Nadia Moauro is a director that represents the investors that poured 1 million in the business in 2017. Jointly has sales of 2.4 million, an ebitda of 0.019 million and net cash of 1.1 million. Earlier in February, Jointly invested 550k euros in Badacare, an online platform that supports families in finding reliable caregivers.
Giffoni Innovation Hub (GIH), a developer of innovative projects based in the Southern Italian Region of Campania, raised 2 million euros from Cdp Venture Capital (1 million), Impact investor Opes Italia Sicaf EuVECA (Opes), and Sefea Impact (See here a previous post by BeBeez). Orazio Maria Di Martino, Luca Tesauro and Antonino Muro founded GIH in 2015. The company has sales of 0.551 million with an ebitda of 0.016 million. GIH will invest the raised proceeds in the development of the following business unist: academy (training for the media and entertainment sector), studios (corporate communication for the sustainability commitment through the cinema media), acceleratiom (corporate programmes for open innovation and support for startups in the fields of Media & Entertainment and Kids & Teens), events.
Fondo Sì – Social Impact, a vehicle that Sefea Impact launched in 2018, invested in Finedi Asset Management, a benefit company of Gruppo MilanoCard that owns Quotidiana, a franchising of iconic newsstands (see here a previous post by BeBeez). Edoardo Filippo Scarpellini is the chairman of Quotidiana which is worth 5 million euros.
FrescoFrigo, a producer of smart vending machines, launched an equity crowdfunding campaign on CrowdFundMe and raised 0.091 million euros ahead of a target of 100k euros (see here a previous post by BeBeez). The company’s pre-money value is of 6 million. In June 2020, FrescoFrigo raised 0.5 million on CrowdFundMe. Since its foundation, the company raised 3.5 million in debt and equity. Tommaso Magnani (ceo) and Enrico Pandian (chairman) founded FrescoFrigo in 2018.
Milan-listed Innovatec, an energy efficiency company, launched its Corporate Venture Capital Innovatec Venture (see here a previous post by BeBeez). Innovatec also signed a partnership with Forest Valley Institute, a non-profit company for promoting the Climate Innovation, for scouting and screening startups that could be if interest to Innovatec Venture.
Augusto Vecchi, the ceo and founder of Italian portal for real estate crowdfunding Italy Crowd, said to BeBeez and CrowdfundingBuzz that his firm launched a bridge loan project (see here a previous post by BeBeez). Apuana SB launched a campaign for refurbishing its corporate headquarter and already raised 0.109 million euros, a 360% over funding for the set target of 0.030 million. In addition, Apuana SB received from Fondo di investimento Toscana a 0.098 million contribution for the investment worth a total of 0.197 million.
Intesa Sanpaolo and Entopan Innovation, an incubator for startups based in the South of Italy, signed an alliance for supporting Calabry-based companies operating in the fields of sustainability and the digital transition (See here a previous post by BeBeez). This alliance will lead to a closer collaboration with Harmonic Innovation Hub, an innovation pole for the South of Italy.
Cdp Venture Capital, Intesa Sanpaolo Innovation Center (ISIC) and Cariplo Factory launched Naples-based Terra Next, an accelerator for startups and SMEs operating in the field of bioeconomy that has initial resources of 5 million euros (See here a previous post by BeBeez). CDP allocated 3.8 million while ISIC poured 1.3 million. Cariplo Factory will manage the programme together with Naples’ Università Federico II, Campania Digital Innovation Hub, Fondazione con il Sud, S.R.M. – Studi e Ricerche per il Mezzogiorno, Pastificio Garofalo (core partner), Gruppo Getra and Nestlé (partners), Novamont (tech partner), Aristea, and Selepack (member). Terra Next will shortlist up to 30 companies in three years for a 12-weeks programme for mentorship, training, networking, and fundraising. The deadline for applying for the first batch of the programme is 30 March, Wednesday.