Italian startups attract investments from foreign firms. Meanwhile new investors join the venture capital scene.
Sorgente sgr, a real estate asset manager firm looking for diversification, launched Fondo Botticelli, a closed-end investment fund targeting 150 million of euros of committements to be invested in invoices issued by Italian SMEs offered through Cash Trading, an invoice trading fintech platform that Alessandro Mizzi founded (see here a previous post by BeBeez). Giovanni Cerrone, the cfo of Nova Re SIIQ (a listed asset of Sorgente), acted as co-ordinator for the launch of Fondo Botticelli, which will have a five-years activity.
Together Price, a startup that developed a platform for sharing subscriptions for digital services, cashed-in a 630k euros funding round (see here a previous post by BeBeez). Spain’s Samaipata Ventures, a firm that Josè del Barrio created in 2015, led the pool of investors which includes Italian LVenture Group. Luca Ugolinia nd siblings Sabrina and Marco Taddei (ceo) founded Together Price, which is active since May 2016 and now has 140k subscribers.
Viniexport, an Italian B2B digital distributor of wine, received 2 million of euros from Spanish firm Inveready Technology Investment Group (see here a previous post by BeBeez). Eugenio Picca, Paolo Orlando, and Oreste Guadagnolo founded the company in 2015 and headquartered its operations in Pescara’s coworking space Fira Station. StartUp StartHope, the venture arm of Fira, the financial firm of Abruzzo Region, had invested 400k euros in Viniexport, but the founders both back such amount. Picca said that the company aims to generate revenues of 10 million within the next three years and to consolidate its position in Spain and Germany.
