BizAway, an Italian scaleup for the management of business travels, raised 35 million euros from Mayfair Equity Partners and previous investors Azimut Digitech Fund – FNDX, Gellify Digital Investment, Exor Seeds, and MundiVentures (see here a previous post by BeBeez). Mayfair retained Clearwater while Lazard assisted the shareholders of BizAway which raised a total of 61.5 million (including the 10 million financing facility that Milan-listed illimity provided earlier in July) since Luca Carlucci and Flavio Del Bianco founded the business in 2015. The company will invest such proceeds in the development of its proprietary AI-based technology and M&A opportunities. BizAway has revenues of 72.2 million with an ebitda of minus 5.4 million and losses of 5.8 million.
ENI Next, the corporate venture capital of Milan-listed ENI, invested in Dronus, a producer of industrial drones, and took part to a 30 million GBPs round that UK’s Mantel Capture, a company that also attracted the resources of Shell Ventures (see here a previous post by BeBeez). Marco Ballerini founded Dornus in 2018. Engine Ventures, New Climate Ventures, Hartree, bp Ventures, Arosa Ventures, Vale Ventures, Newlab, MCJ Collective, and others also invested in Mantel Capture.
Italian scale-up fintech Young Platform raised 2.65 million from Milan-listed asset manager Azimut (see here a previous post by BeBeez). The company also appointed Nicolas Bertrand as chairman while Alexandru Stefan Gheban and Andrea Ferrero will act as co-ceos. Ferrero, Gheban, Samuele Raimondo, Andrea Carollo, Marco Ciarmoli, and Daniele Rinaldi founded Young Platform with the support of I3P, the incubator of Turin Polytechnic University. Young Platform is the owner of the eponymous exchange that allows to trate cryptocurrencies in euros. Ferrero said that the company will invest such proceeds in the development of a banking platform that integrates TradFi and Web3 technologies.
TreeBlock, a startup that developed a software for the corporate sustainability, said it raised 0.5 million euros from industrial players and angel investors (see here a previous post by BeBeez). Stefan Grbovic, Giuseppe De Bernardo and Alfredo Dallari founded TreeBlock in 2021 and since then raised 0.464 million of pre-seed resources.
Maritime Ventures, a company builder of CDP Venture Capital and the Italian Ministry of Made in Italy for the supply chain in the nautics and port logistic sectors, is ready to start its activity (see here a previous post by BeBeez). The fund attracted 8.7 million euros from Bridgemaker, Cariplo Factory, Fincantieri, PSA Italy, Neva, Fondazione Compagnia di San Paolo, Friulia, and Fondo Boost Innovation of CDP Venture Capital which will invest in the region of 30 million in 10 companies that the venture builder will create in the next three years ahed of a 70 million worth leverage effect. Enrico Noseda, the chief innovation officer of Cariplo Factory, heads Maritime Ventures. Confindustria Genova will act as institutional partner for the fund while Intesa Sanpaolo Innovation Center will support the interaction between the project management and the SMEs ecosystem.
Intesa Sanpaolo allowed 12 Italian startup that its programme Up2Stars rewarded to attend mentoring and training sessions in the Silicon Valley (see here a previous post by BeBeez). Intesa Sanpaolo Innovation Center and San Francinsco based Innovit a vehicle that Fondazione Giacomo Brodolini and Entopan Innovation – Harmonic Innovation Group carried on such an initiative. The companies that joined such sessions are Keplera, 2NDSpace, Novac, PINPOINT, Monitor The Planet, Novalimb, Infinity ID, bitCorp, CityZ, Joule, Oraigo, and M2Test. Intesa Sanpaolo invested 2.2 million euros in this programme.
