Zucchetti, an Italian B2B software and IT services firm, said it acquired Qualitando and poured 0.5 million euros in EsgMax in which it may invest a further 0.9 million upon achievement of financial targets (see here a previous post by BeBeez). Qualitando creates software for the hospitality sector. Luca Poretti, Marzia Baislak and Alma Vigorita own equal shares of the comopany that has sales in the region of 0.69 million euros, an ebitda of 0.115 million and net cash of 0.36. EsgMax is a software as a service platform for ESG that previously received a 0.2 million support from Startup Bakery, a studio that Alessandro Arrigo and Angelo Cavallini created in 2020. Zucchetti belongs to even shareholders Alessandro Zucchetti and Cristina Zucchetti and for 2023 expects revenues of above 2 billion.
FoolFarm, an Italian venture builder with a focus on Artificial Intelligence, Cybersecurity and Blockchain that ceo Andrea Cinelli founded, aims to raise up to 9 million euros through a capital increase on the ground of a pre-money value of 50 million euros (see here a previous post by BeBeez). FoolFarm aims to list on Milan market by 2028. Cinelli appointed Barbara Cominelli, Dario Calogero, Amedeo Giurazza, and Riccardo Ruggiero for the firm’s investment committee. In 2022, FoolFarm closed a 3.5 million capital increase for a post-money value in the region of 22 million and attracted the resources of IBL Banca, Renato Dalla Riva and Ottavia, a vehicle of Italian investors. In 2021, the company raised 2.1 million from KPMG, CRIF and the Moratti Family.
Ruralis, a short rental platform for Italian small towns born in 2020, aims to launch a Series A round in 2024, founder Nicolas Verderosa said (see here a previous post by BeBeez). In 2023, Ruralis completed a 0.21 million euros (initial target of 0.09 million) equity crowdfunding campaign on Milan-listed CrowdFundMe through which attracted the resources of Lifegate and other investors that acquired 8.5% of the business on the ground of a pre-money value of 2.2 million. Ruralis also raised 0.3 million in a separate 2023 round (0.25 million from an US-based investor)
GE Farm, an Italian provider of services for clean energy that is part of Le Village by CA Triveneto since 20222, sold a majority stake to Giovanni Rocelli that now owns 90% of the business (see here a previous post by BeBeez). Alessandro Marcuzzi (10%), founder and CEO of GE Farm, Febbraio Ottobre (40%) and Gruppo Fondiario (40%) sold their stakes in the target that retained Grimaldi Alliance. The company aims to expand in Hungary, Czech Republic and Slovakia.
Italian Artisan, a digital marketplace that liaises corporations with high-end crafters of the fashion, furniture and design sectors, launched a 1.5 million euros round that already attracted 0.75 million from Primo Ventures (see here a previous post by BeBeez). The company also acquired Ad Hoc Atelier (AHA), a digital platform for exclusive fashion, apparels and jewellery collections. Advant NCTM assisted the buyer. Lorenzo Colucci, Giovanni Friggi, Carolina Du Chene, and Vittorio Tatangelo founded AHA in 2020 and received the support of Astra Incubator. Primo Venture alread owns 16.59% of Italian Artisan since December 2022 after having subscribed to a 1.3 million round with a pool of international business angels.
