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London’s fintech scaleup TrueLayer, a company that Francesco Simoneschi (ceo) and Luca Martinetti (cto) founded in 2016, raised 50 million US Dollars from Northzone, Tencent, Tiger Global, Temasek, and Stripe on the ground of a pre-money of 700 million (see here a previous post by BeBeez). TrueLayer generates APIs (Application Programming Interfaces) for open banking and pay-by-bank and will invest such proceeds in its organic development. The company raised 322 million since its birth.
Fondo Artificial Intelligence (FAI – fka CDP VC Deep Tech AI/Cyber), part of CDP Venture Capital, said it signed a partnership with OpenAI for the development of the Artificial Intelligence in Italy (see here a previous post by BeBeez). Vincenzo Di Nicola heads FAI which will invest in startups for AI, cybersecurity and quantum technology. Open AI will collaborate with the portfolio companies of FAI and allow them to liaise with its vehicle Startup Fund. Agostino Scornajenchi is the ceo and coo of CDP Venture Capital.
Foreverland, an Italian food startup, raised 3.4 million euros from CDP Venture, Exor Ventures, 2100 ventures, Ulixes capital partners, Newland Syndicate, Moonstone, Grey Silo Ventures, Eatable Adventure, and Kost capital (see here a previous post by BeBeez). The company will invest such proceeds in its organic development. Massimo Sabatini, Riccardo Bottiroli, Giuseppe D’Alessandro, and Massimo Brochetta founded Foreverland in 2023. Giacomo Fanin and Matteo Leonardi are the managing partner and investment manager of Grey Silo Ventures, the corporate venture capital of Cereal Docks
MITO Technology said it attracted commitments of 55 million euros ahead of a 90 – 120 million target for MITO Tech Ventures, an article 9 SFDR vehicle for the climate tech sector (see here a previous post by BeBeez). The fund received the resources of anchor investor CDP Venture Capital, EIF (European Investment Fund), IREN, Inarcassa, Marimo Holding, Luca Larcher, Mirna Marovic, and further family offices. Arendt&Medernach and Orsingher Ortu – Avvocati Associati assisted MITO Technology, a firm that Francesco De Michelis (ceo) and Massimiliano Granieri founded in 2009. Andrea Basso, Alberto Calvo and Michele Costabile are MITO’s partners.
Composite Research, an Italian developer of advanced materials solutions for the industrial production processes, attracted one million euros seed resources from LIFTT, the venture capital fund that Stefano Buono chairs (see here a previous post by BeBeez). The company will invest such resources in its organic growth and R&D. Eugenio Fossat (ceo), Nicola Giulietti (cto), Luigi Costa, Cesare Mangone, and Alberto Emprin founded Composite Research in 2015.
Inventio.ai raised 0.555 million euros from Club degli Investitori, CDP Venture Capital, Plug and Play Tech Center‘s Motor Valley Accelerator (see here a previous post by BeBeez). Giacomo Vissio, Enrico Beltramo and Giacomo Ornati are the founders of Inventio.
Italian edutech Lifeed attracted a 3.5 million euros bridge facility from Fondo Rilancio Startup (CDP Venture Capital), Opes Italia Sicaf Euveca, Sefea Impact, and Hungary’s Impact Ventures (see here a previous post by BeBeez). Llifeed’s main shareholders are Riccarda Zezza (34.1%), Andrea Vitullo (7.86%), Impact Ventures (16.36%), and Apollo Consulting (8.89%). Salvatore Pugliese is the new Lifeed’s ceo and said that the company will invest the raised proceeds in the development of a proprietary AI and the international expansion in Mexico, The UK, Switzerland, and further foreign markets.
Milano Investment Partners (MIP) sold its 25% stake in high end shoe maker Manebì to Swiss fund Evoco that now has 33.6% of the asset, sources said to BeBeez (see here a previous post by BeBeez). Antonello Benati, Vera Drossopulo Bogdano (who founded the company in 2013), Marco Lodigiani, and Simone Sajeva sold part of their stakes to Evoco. The sources also said that Angel Capital Management (ACM), a vehicle of Angelo Moratti, acquired 3.03% of Manebì that now also belongs to Benatti (42.23%) and Drossopulo Bogdano (13.77%). Evoco retained Banor, CP-DL Capolino-Perlingieri e Leone, PwC. The founders received assistance from Lmcr. Chiomenti advised ACM and MIP. Manebí will invest the raised proceeds in its organic growth and international expansion.
