Energy Dome, an Italian startup for renewable energy, raised 40 million euros from ENI Next, the corporate venture capital of Milan-listed ENI, Neva sgr, Sustainable Impact Capital (Barclays); CDP Venture Capital, Novum Capital Partners, 360 Capital, Japan Energy Fund (JEF), and Elemental Excelerator (see here a previous post by BeBeez). Biprogy, Enechange, Mitsui Sumitomo Trust Bank, and Toshiba Energy System are investors of JEF. Energy Dome raised 54 million since Claudio Spadacini founded the business in 2019. The company will invest the raised proceeds in expanding its business in the USA and other countries.
Italian railway company Ferrovie dello Stato poured 10 million euros in the InfraTech unit of Corporate Partners, a vehicle that CDP Venture Capital launched in September 2021(see here a previous post by BeBeez). the fund raised 295 million ahead of a target of 400 million. Matteo Pozzi heads the InfraTech unit which also attracted an investment commitment of Terna Forward. Corporate Venture has three further units: IndustryTech (Enrico Fili) which already raised 70 million from Adler, Newlat Food, Bolton, Camozzi, Marcegaglia, and other investors; ServiceTech (Laura Scaramella), which attracted 60 million from BNL BNP Paribas, GPI and others; EnergyTech (Marino Giocondi), which raised 100 million from Baker Hughes, Edison, Snam, Italgas, Terna Forward. Each unit has a fundraising target of 100 million.
Cyclando, an online tourism startup that received the acceleration support of LUISS Enlabs, raised more than 0.5 million euros through an equity crowdfunding campaign on Mamacrowd that started earlier in February for a pre-money value of 2.8 million (post-money in the region of 3.3 million) (see here a previous post by BeBeez). The company also attracted 0.125 million from AZ Eltif-AliCrowd II. Riccardo Sedola founded Cyclando in 2019. The company will invest the raised proceeds in its organic development and proprietary technology. Cyclando has sales of 0.675 million, an ebitda of minus 109 million and equity of minus 63,000 euros.
Zero, a vertical farming startup, attracted the resources ot Tokyo-listed Mitsui & Co, a diversified industrial giant (see here a previous post by BeBeez). On 10 February, February, Mitsui subscribed to a capital increase of Zero that retained LS Laghi & Partners as advisor. Clifford Chance assisted the investor. Daniele Modesto, ceo, founded Zero in 2018. The company has sales of 3 million euros, an ebitda of minus 1.6 million, net financial debt of 1.2 million and equity of minus 3.7 million.
Contents.com (fka Entire Digital Publishing), an Italian AI-based publishing startup, acquired Traduzione.it, a translation business of Italian content agency Just In Time(see here a previous post by BeBeez). Mara Alberti is the ceo and founder of the target. Massimiliano Squillace is the ceo and founder of Content.com which retained as advisors Alberto Greco, Nicola Scibilia and Synopia. Contents.com recently raised 5 million euros.
