Iren Ambiente, a subsidiary of Italian utility Gruppo Iren, concluded the acquisition of 88.43% of ReMat, a circular economy startup for the reuse of polyurethane, for above 3.5 million euros (see here a previous post by BeBeez). This transaction is part of IrenUp, a corporate venture capital programme of Gruppo Iren for the cleantech sector. Alessandro Lodo and Francesco Perazzini founded ReMat in 2018.
Compass, a consumer credit company that belongs to Gruppo Mediobanca, signed an agreement for acquiring HeidiPay Switzerland, a Buy Now Pay Later (BNPL) business, from HeidiPay AG (see here a previous post by BeBeez). The transaction may close in 2H23 and will not a relevant impact on Mediobanca’s Core Tier 1. Compass has 19.5% of HeidiPay since 2022.
Netfintech, a credit broker for SMEs that owns the brand Change Capital (CC), acquired Finage Consulting, an advisory firm, from Finage (see here a previous post by BeBeez). Rewind assisted CC that financed the transaction with a club deal and debt funding from Banca Valsabbina and Banca Popolare di Cortona, sources said to BeBeez.
Deeva (fka Parrucchiere Facile), a booking platform for home hairdressers, and Pelo Matto, a pet-grooming firm, attracted 0.1 million euros each from IH1, the investment holding of Mamazen Startup Studios (see here a previous post by BeBeez). The resources will finance the development and the proprietary technology of the startups born earlier in April. IH1 also poured 1 million in Mamazen Startup Studios. Farhad Alessandro Mohammadi is the ceo and co-founder of Mamazen and IH1.
UTurn Investments acquired 20% of Dinamo, a producer of bio food integrators, that Luca Spada created (see here a previous post by BeBeez). Spada joined UTurn for acquiring Italian high-end bycicles producer 3T.
Finapp, a provider of water metering on huge surfaces, attracted a financing facility in the region of 3 million euros from EIC Accelerator, a programme of the European Innovation Council (see here a previous post by BeBeez). Luca Stevanato is the founder of Finapp that will invest these proceeds in its international expansion and proprietary technology. In August 2022, Finapp raised 1.2 million from Progress Tech Transfer, Crédit Agricole Italia and Tech4Planet (part of CDP Venture Capital).
Serial entrepreneur Enrico Pandiani is working on EasyGlamping Capitana Villasimius, a startup that launched an equity crowdfunding campaign on CrowdFundMe with a target of 0.85 – 2 million euros (see here a previous post by BeBeez). The business belongs to Pandian and its pre-money value amounts to 0.050 million. The investors will get a put option with a mark-up of 8% for each year of investment. EasyGlamping will invest the proceeds in acquiring and furnishing real estate assets in Capitana, Southern Sardinia.
Ener2Crowd.com, an Italian lending crowdfunding for the energy sector, launched an investment fund for renewable energy and energy transition (see here a previous post by BeBeez). The platform aims to raise 100 million euros by 2024. Niccolò Sovico, Giorgio Mottironi, Paolo Baldinelli, and Sergio Pedolazzi founded Ener2Crowd.com in 2018.
Milan-listed asset managemer Azimut and Fndx, an advisory company of Fabio Nalucci, launched Azimut Digitech Europe and its funds AZ RAIF II – Venture Capital Digitech Europe, and Azimut Eltif – Venture Capital Digitech Europe (see here a previous post by BeBeez). The funds have a 7-years tenure and set a fundraising target of 100 million euros. The vehicles will target software and platform-as-a-service (SaaS and PaaS) with recurring streams of revenues that operate in the fields of artificial intelligence (machine learning, deep learning, cognitive), fintech, vertical marketplace, hr & welfare. The funds will invest in rounds A and B of scale up and growth stage firms with tickets of 3 – 15 million euros.
Canova, an Italian wealth manager received from Banca d’Italia the authorization for launching the venture capital fund Nova I (see here a previous post by BeBeez). Canova retained K&L Gates as advisor. Alessandro Bruscagin is the founder and ceo of Canova. Alessandra Gazzola and Alessandro Corte Metto are part of the board of directors.
Italian-Swiss Elephants, launched a 0.5 million CHF pre-seed round for financing a tokenization project for luxury watches (see here a previous post by BeBeez). Paolo Catalano and Gianvito Grasso, the company’s founders, said to BeBeez that Elephants aims to make the luxury watches investment a democratic asset class.
Alberto Bassi, the co-founder and ceo of BacktoWork (an equity crowdfunding platform of which Intesa SanPaolo owns 30.58% since September 2020) said to BeBeez that the firm will involve soon again the clients of Intesa Sanpaolo Private Banking for new campaigns (see here a previous post by BeBeez).
