TIm Ventures, the Telecom Italia vehicle for seed and early-stage investments in startups and eligible participation in successive funding stages. announced its first two investments out of italy, both in the e-commerce sector: Moltin and Shoppimon (see here the press release).
The two investments have been made by Tim Ventures among the Syndicate Investors framework launched by Gil Dibner on AngelList, aiming at investing in European and Isreali startups which are developing disruptive technologies. Tim Ventures joined Gil Dibner’s syndacate last March and committed 100l euro to be invested in a maximum of five startups in one year with syndicates including US-based venture capital firms
Moltin devekoped a software which enables the easy and fast development of e-commerce web sites. As far as Crunchbase is concerned, the startup company with headquarters in Newcastle upon Tyne (UK) and in Montain View (California) obtained a 120k euros seed investment last December by Y Combinator, one of the most prestigious startup accelerators in the world, and by FundersClub and Trifect Capital.
Shoppimon, based in Tel Aviv, developed a technology which is able to monitor the good functioning and performance of an e-commerce web site, simulating human behaviour.
In the e-commerce sector Tim Ventureshad invested already in Italy last May when it bought a stake in the capital of Unfraud, an Italian startup company selected by the TIM #Wcap accelerator in 2014, able to discover e-commerce frauds thanks to artifical intellegence.