Whit-e, a fintech marketplace for invoice financing , acquired invoices worth 63 million euros during its first 15 months of activity (see here a previous post by BeBeez). Whit-e belongs to Fintech holding, a company of Isidoro Lucciola and Riccardo Carradori, as well as [email protected] which in turn has been acquiring trade receivables on Italian fintech platforms for a total of more than 150 mln euros. Lucciola and Carradori said to BeBeez that the company is currently collaborating with trade finance insurers Euler Hermes, Coface, and Sace in order to insure receivables versus high rating debtors which have been issued by Italian SMEs in special situation or which find it difficult to access traditional credit. Whit-e has posted 500k euros in revenues in 2018, an ebitda of 126k euros and net profits of 62k euros. Lucciola and Carradori added that they want to launch by 2020 a management company managing investment products focusing
Italian biotech accelerator BiovelocITA and investment company Trentino Invest poured a seed financing of over one million euros in Alia Therapeutics (see here a previous post by BeBeez). BiovelocITA invested 1.1 million, Trentino Invest 250k euro. Gabriella Camboni, the ceo of BiovelocITA, cofounded the company together with Sofinnova Partners and Silvano Spinelli.
The so-called Growth Decree approved by the Italian Government s few days ago could extend the public guarantee fund for SMEs to loans traded on the fintech platforms (see here a previous post by BeBeez). The guarantee could then include also investments that the Italian SMEs financed through the social lending and crowdfunding platforms as well as the issuance of minibonds. However, such warranty can take place only for funds raised through authorised social lending and crowdfunding platforms.
By 2022 LVenture Group, a Milan listed holding for early stage venture capital investments will invest 4.5 million euros and carry on 20 exits. These are the golas that the company outlined in its new strategic plan 2019-2022 (see here a previous post by BeBeez). Luigi Capello (ceo), Stefano Pighini (chairman), and Roberto Magnifico (partner and board member) said that investments must amount to 30 million, while exits have to generate cash in the region of 20 million.
Italian digital medical services firm EpiCura aims to raise 800k euros through an equity crowdfunding campaign on Mamacrowd (see here a previous post by BeBeez). Enrico Castellani (a former sales director of Kimberly Clark), Club degli Investitori, LVenture Group, Club Acceleratori, and BoostHeores already poured 480k euros in Epicura. Stefano Peroncini acted as advisor to EpiCura. CEOs Alessandro Ambrosio and Gianluca Manitto founded Epicura.
Italian fintech startup GrowishPay raised 600k euros from 88 investors through an equity crowdfunding campaign on 200Crowd (see here a previous post by BeBeez). The company set a fundraising target of 150k euro on the ground of a pre-money valuation of 4.25 million euro. GrowishPay received support from SisalPay and Spaggiari Parma. Ceo Claudio Cubito and cto Domingo Sarmiento Lupo founded Growish in 2011. Italian incubator Digital Magics previously invested in the company and received resources from business angels Anna Siccardi, Nader Sabbaghian, Antonino Pisana,Alessandro Rivetti, and the founders Cubito and Sarmiento Lupo. Further investors in Growish are Club degli Investitori, Banca Sella holding, R301 Capital, Antonino Pisana, and Ludovico Rosnati.