Azimut said it led two club deals for investing a total of 55 million euros in Zhero Europe and Tree Energy Solutions (TES) (see here a previous post by BeBeez). Marco Alverà, the former ceo of Milan-listed Snam poured resources in the deals. Zhero Europe (a developer of clean energy projects that Alverà, Paddy Padmanathan, Alessandra Pasini, and Enrico Vitali founded) also attracted the resources of Azimut ELTIF – Infrastructure & Real Assets ESG and will invest the proceeds in European and African projects. Zhero Europe also signed a preliminary agreement for acquiring a minority of Tunisia’s Medlink, a project for renewable energy network. Tree Energy Solutions (TES), is a global developer of e-NG projects.
Futura, an Italian edtech, raised 14 million euros from from Eurazeo (lead investor), United Ventures, Axon Partners Group, Dario Brignone, Alberto Dalmasso, Alessandro Fracassi, and others (see here a previous post by BeBeez). Milan-listed Zest, a firm born out of the merger of LVenture and Digital Magics, sold its stake in Futura and cashed a 15X return on its investment. Andrea Chirolli, Francesco Salvatore and Lorenzo Pinto founded the business in 2020 while in 2022 they raised 1.8 million from Exor Seeds, Ithaca Ventures, United Ventures, LVenture, Luca Ascani, Matteo De Brabant, Attilio Mazzilli, and other business angels. Futura will invest such proceeds in its international expansion and organic growth.
Georadio, a travel podcasting company that owns Loquis, said it raised 3.78 million euros from P101, Azimut Eltif Venture Capital 103 and Lazio Innova while PiCampus and CDP Venture Capital converted in equity the hybrid instruments that subscribed in previous rounds (see here a previous post by BeBeez) P101 received assistance from BonelliErede and beLab. Georadio retained Favalegal. CDP Venture Capital hired Cappelli RCCD.
CheckSig, a provider fo services for the cryptocurrency sector, raised 2.7 million euros and reanched post-money valuation of 25 million euros (see here a previous post by BeBeez). The Rock Trading, Par-Tec, Intesi Group, and others previously invested in the company. Ferdinando Ametrano (ceo) and Paolo Mazzocchi founded CheckSig through a spin-off of think tank Digital Gold Institute. CheckSig will invest such proceeds in its international expansion ahead of embarking equity investors, Ametrano reportedly said.
J4Energy, a climate tech startup for the energy sector, raise one million euros from RoboIT (part of CDP Venture Capital), Pariter Partners, Tech4Planet, and Pariter Robotics (see here a previous post by BeBeez). Filippo Lazzarin, Stefano Moret and Elia Turatti founded J4Energy in 2023. The company will invest such proceeds in R&D.
Domethics, a provider of IoT solutions for the proptech and senior living sectors, raised 0.725 million euros from HabiSmart – HabiTech (a vehicle part of CDP Venture Capital that Milan-listed Zest manages) and MassChallenge (see here a previous post by BeBeez). Samuele Rocca (ceo), Mirko Bretto (coo) and Maurizio Ferrero (cfo) founded the company in 2018. Domethics will invest such proceeds in consolidating its presence in Spain and Europe, ceo Rocca said.
Italian investment holding NextUp incorporated Sweet Lilium, a Milan-based competitor (see here a previous post by BeBeez). NextUp will take over the portfolio of Sweet Lilium that includes FrescoFrigo, Gamindo, Mirta, Renoon, Screevo, and This Unique. Monica Granieri is the ceo of Sweet Lilium. NextUp’s chairman Alessandro Annovi said to BeBeez that transaction will consolidate the firm’s reputation as early stage investor. Sources separately said to BeBeez that the company aims to launch a 0.5 million euros capital increase by September. Such proceeds will support the firms acquisitions.
