Download here the BeBeez Venture 2024 Capital Report available for the subscribers to BeBeez News Premium and BeBeez Private Data.
On 1 August, Friday, Paris-listed insurance giant AXA said it acquired a controlling stake of insurtech Prima Assicurazioni, a scaleup that Teodoro D’Ambrosio founded in 2015 and that Goldman Sachs, Blackstone and Carlyle acquired between 2018 and 2022 (see here a previous post by BeBeez). Deutsche Bank acted as lead financial advisor for the deal that may reach the closing at the end of 2025. Kitra Advisory assisted Axa that invested 500 million euros for 51% of the target whose minority shareholders that own 49% of the business signed call and put options expiring between 2029 and 2030. Prima’s former owners are D’Amborsio (46.68%), Carlyle (1.89%), Goldman Sachs (13.95%), Hexagon Holding (13.67%), Octagon Holding (12.04%), ceo George Ottathycal (1.35%), and the management team. Patrick Cohen is the ceo of AXA European Markets & Health. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Blackstone, Goldamn Sachs AM, Carlyle and their Italian 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
Everli, an Italian digital grocery platform that since February 2024 belongs to Palella Holdings, the family office of Salvatore Palella, signed a business combination agreement with Nasdaq Spac Melar Acquisition Corp. I on the ground of a pre-money value of 180 million US Dollars (see here a previous post by BeBeez). The closing may take place between the end of 2025 and early 2026. The deal will reaquire a bridge financing of 10 million and a PIPE contract of 30 million. Everli retained Jones Trading and Ortoli Rosenstadt LLP. Melar received assistance from Cohen & Company Capital Markets and Ellenoff Grossman & Schole LLP. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Palella Holdings 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
Trustfull (fka Fido), a Milan-based fraud prevention firm that Marko Maras (ceo) and Paolo Mardegan (sales director Italy) founded in 2020, secured a 6 million euros round that Seaya Ventures (lead investor), United Ventures and Elevator Ventures, part of Austrian Raiffeisen, joined (see here a previous post by BeBeez). Trustfull will invest the raised proceeds in its expansion in Italy, Spain, France, and further European markets. Aris Xenofontos is a partner of Seaya Ventures. Maximilian Schausberger is a managing director of Elevator Ventures. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Trustfull and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
INTA, an Italian medtech spin-off of Scuola Normale Superiore di Pisa and Consiglio Nazionale delle Ricerche Istituto Nanoscienze di Pisa (CNR-NANO) that Marco Cecchini and Marco Calderisi created in 2020, aims to raise 4 million euros, ceo and co-founder Matteo Agostini said to BeBeez Live (see here the interview and a previous post by BeBeez). The company will invest such resources in achieving the ISO13485 certification for operating in the medical devices sector and start the clinical trials and its commercial expansion. Read here the BeBeez interviews with Italian manaagers and entrepreneurs.
Maxi Mobility, attracted 1.2 million euros seed resources from angel investors, UniCredit Bank and Motor Valley Accelerator for financing the organic growth (see here a previous post by BeBeez). Gian Paolo Incutti founded the company in 2021. Enrico Dente is a director of Motor Valley Accelerator. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Motor Valley Accelerator 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
Algebris Investments raised to 5.91% its stake with an investment of 1.045 million euros in Milan-listed Cube Labs, an Italian healthcare & life sciences venture builder that launched a 5 million capital increase (see here a previous post by BeBeez). Filippo Surace, Cube Labs ceo and co-founder, now owns 65.35% of the firm.
Italian proptech Datasinc attracted the resources of HabiSmart, Apside (an even joint venture of Zest and Intesa Sanpaolo) and an undisclosed investor (see here a previous post by BeBeez). Nicola Chiarini and Francesco Braggiotti founded Datasinc in 2019 and since then raised 0.75 million euros. Stefano Molino is the head of Fondo Acceleratori – CDP Venture Capital. Gabriele Ronchini is the ceo of Zest Investments and vice president of Apside investment board.
Sapori Artigianali, the owner of ODSstore and ODS Sweet Hotel & Restaurant brands and Italian franchisee for KFC (Kentucky Fried Chicken), received the support of CDR Tax & Legal for acquiring 33% of Italian food startup LuMo – Panfuwa (see here a previous post by BeBeez). In 2023, previous owners Luca Bertoloni (51%) and Mohammed El Kanaldi (49%) founded the startup.
