On 16 December, Friday, e-Novia, the startup factory with a focus on sustainable mobility and collaborative robotics, founded in 2012 by Vincenzo Russi, Ivo Boniolo, Cristiano Spelta and Sergio Savaresi, landed at Euronext Growth Milan with 22.8 million euros of working capital to spend. The listing is taking place at 7.2 euros per share, with an initial capitalization of 167 million euros and a free float of 10.33% (see here a previous post by BeBeez). But within a year it will be necessary to raise additional capital in equity and debt, amounting to just under 20 million.
MotorK, an Amsterdam-listed tech firm for the automotive sales & marketing, sold 80% of its B2C unit DriveK to Italian media company GEDI Gruppo Editoriale, a portfolio company of Amsterdam-listed Exor which is going to merge it with its subsidiary AutoXY (see here a previous post by BeBeez). MotorK will still own a 20% of DriveK-AutoXY. GEDI had acquired 78% of AutoXY in June 2021 from Vertis Venture. MotorK has a market capitalization of 261 million euros
Eligo, an Italian fashion tech, raised 966k euros from Fondo Rilancio Startup, a vehicle that CDP Venture Capital sgr manages, from Digital Magics and other business angels (see here a previous post by BeBeez). The new round comes close on the heels of the previous 2.1 million round raised last September and led by Mazal Capital, when at the same time the company announced the purchase of the Meltin’pote brand from Masel, a company specializing in custom ties and men’s accessories, and while the startup is warming its engines to land on the Euronext Growth Milan market. Naomi Kohashi, Giuseppe Catella and Giulio Manno founded Eligo in 2016.
Italian tech firm Eggtronic raised 12 million US Dollars ahead of a total of 20 million (see here a previous post by BeBeez). Igor Spinella founded Eggtronic in 2012. Since its birth, the company raised a total of 30 million. Eggtronic is headquartered in Italy and has subsidiaries in San Francisco and China.
Cdp Venture Capital sgr poured 3.4 million euros in Argo, an accelerator that the Italian Ministry of Tourism launched and that has total resources of 4.5 million (see here a previous post by BeBeez). LVenture Group and VeniSIA will manage the vehicle for which Intesa Sanpaolo, Intesa Sanpaolo Innovation Center, Human Company, Scuola Italiana di Ospitalità, and other firms will act as partners. For the next three years Argo will choose 10 startups every year for a five-month programme, pre-seed investment of 75,000 euros and further post-acceleration support. The Ministry of Tourism will provide grants of up to 25,000 euros. On 15 December, Thursday, Argo launched the first call that will end on 19 February 2023.
Reviva, a startup for real estate auctions, raised 500k euros ahead of a total target of 2.5 million (see here a previous post by BeBeez). The company aims to generate sales of 10 million by 2025. Reviva will invest such proceeds in the development of its subsidiaries immobiliallasta.it, Vivapro and Reeco.
Gruppo Sella shortlisted 7 projects for the final stage of Metaverse 4 Finance, the acceleration programme of Web3, an initiative of the bank’s venture Incubator dpixel and Global Partner VISA (see here a previous post by BeBeez). The companies that reached the final stage are Crypto Mate (Argentina and Lettonia), a crypto “as a service” B2B platform; Dexy (USA), a crypto and hybrid bank; Intraverse (Italy), blockchain-based metaverse platform for finance; Seed Venture (UK), a DeFi platform for corporate fundraising; Stablecomp (San Marino), a DeFi platform for stablecoins; Vertigo Exchange (Italy), a platform for professional investments in cryptocurrencies; and Vestinda (Romania), a provider of trading technology.
Vado, an authometed delivery firm for quick commerce, attracted the resources of Sidinvest (see here a previous post by BeBeez). Vado is born in early 2021 and received the incubation support of Wise Guys. In 2021, Vado also received a financing of 0.376 million euros from Smart&Start Italia.
CO2 Vault won the call Centrale delle idee, part of the open innovation programme Snaminnova launched by Milan-listed energy group Snam and Cariplo Factory (see here a previous post by BeBeez). CO2 Vault provides certificates for the origin of biogenic CO2 out Snam plants. The winner team will get to know the innovation contest of Barcelona and get a tailor-made acceleration process.
Gardant, an Italian investor in NPEs, launched Data Gardant a laboratory for the development of projects in the fields of Data Science, Artificial Intelligence & Advanced Analytics (see here a previous post by BeBeez). The lab will focus on Data Power and Data Engine.
