Download here the BeBeez Venture 2024 Capital Report available for the subscribers to BeBeez News Premium and BeBeez Private Data.
BeBeez is the media partner of Business Angel Golf Association for the participants to the Italian ecosystem for innovation that will begin on 20 May, Tuesday, at Golf Club Monticello (Como area). The first match will be with 18 holes stableford and shotgun starting. The second match will take place on 16 September at Golf Club Varese. Ventive, Studio Arlati Ghislandi, Letzfair and Glinters are the main sponsors of the first match after which the participants will have the opportunity to meet selected startups. For further details write to info@baga.golf
Milan-listed Azimut and FSI signed a binding agreement for creating The New Bank (TNB), a digitally native wealth manager that Paolo Martini will head (see here a previous post by BeBeez). Maurizio Tamagnini is the ceo of FSI which will support Azimut for the scouting of a target bank to acquire and rebrand as TNB. Once completed the buy, Azimut will sell 80.01% of TNB to FSI for 1.2 billion euros. The closing may take place by the end of 2025. Azimut retained BofA Securities, Latham & Watkins and Annunziata & Conso. Legance Avvocati Associati, UBS Europe, KPMG, FRM, and Finer assisted FSI. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors the fund and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
Dorian Therapeutics, a Palo Alto startup that Stanford Medical School alumnae Maddalena Adorno and Benedetta Di Robilant founded in 2018 for developing therapies for age-related diseases, sold to Altos Labs, an US scaleup baesed in Redwood City that Rick Klauser, Hans Bishop, Juan Carlos Izpisua Belmonte, and Anabey Camarena created in 2017 for carrying on researches on cellular rejuvenation programming (see here a previous post by BeBeez). In 2018, Dorian Therapeutics attracted 0.15 million from Y Combinator and further resources from Stanford-StartX. Blumberg Capital, The Longevity Fund and Pacific8 later poured resources in the business. In 2022, Altos Labs secured 3 billion from Foresite Capital, ARCH Venture Partners, Altitude Life Science Ventures, Yuri Milner (the founder of Mail.Ru and of DST Global), and Amazon’s founder Jeff Bezos. Altos Labs also hired nobel laureates Frances Arnold, Jennifer Doudna, Shinya Yamanaka, and David Baltimore.
FutureProofSociety, a think tank and advocacy firm that Alessandro Tommasi founded, raised 1.5 million euros (see here a previous post by BeBeez). The company attracted the resources of the Marzotto family; Filippo Sugar and MediaCapitalVenture, a vehicle that supports innovative publishers in which invested Edoardo Boroli and Marco Boroli. FutureProofSociety will invest these proceeds in its organic growth and proprietary AI.
Logbot, a Padua-based Internet of Things (IoT) startup born in 2020, sold a minority to Milan-listed Carel Industries, a global HVAC player, for 1.05 million euros (see here a previous post by BeBeez). Federico Davoli is the ceo and founder of Logbot. Ivan Favaro is Carel’s Group Digital Director.
Dectar (fka 4Securitas), a cybersecurity company, launched a capital increase that attracted the resources of Cysero EuVeca (now 33.92% owner), part of AVM Gestioni and Kilometro Rosso, and of the investors that D&C Governance Technologies (below 31%) led (see here a previous post by BeBeez). In 2021, Cysero already invested in Dectar. Stefan Umit Uygur (ceo), Enterprise Ireland and other shareholders have the remaining stakes in the business. Dectar appointed Giovanna Dossena, Gianfranco d’Atri and Giorgio Zaffaroni as advisory board members. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Cysero EuVeca and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
