Sources said to BeBeez that Italian fintech UCapital24 (UC) is about to start a roadshow for listing on Milan Aim Italia 10% of its equity (see here a previous post by BeBeez). UC is a social trading platform that currently belongs to UCapital Ltd (85%, controlled by the company’s founder Gianmaria Feleppa), Vetrya (12.5%), and 4Media (2.5%). 4Aim Sicaf has interests both in Vetrya and 4Media. UCapital 24 is aiming at raising 3-5 million euros in the capital increase thanks to the listing.
Ermes Cyber Security raised 600k euros through a capital increase (see here a previous post by BeBeez).Invitalia poured 400k euros, while Ermes shareholders Enrico Castellani and firm Angelo Italiano invested 200k euros on the ground of a post-money evaluation of 2.7 millions. Hassan Metwalley, ceo of Ermes Cyber Security, said that such resources will allow the company to expand abroad.
Kither Biotech, a spin-off of Turin University that focuess on lung therapies, raised a 5.6 million euros round A financing (see here a previous post by BeBeez). The list of investors includes Invitalia Ventures, 80 members of the network Italian Angels for Growth (1.25 million euros), Ersel, Club degli Investitori, ACE Venture, Elysia Capital, andMoschini Family Office. Chief Scientific Officer Emilio Hirsch, Alberto Bardelli, and Marco Kevin Malisani foundef Kither Biotech that will invest these proceeds in developung further a phase I/II clinical study for a drug that could treat the cystic fibrosis and other drugs for other lung pathologies.
According to The Quarterly European Venture Capital Report – Q2 2019 of Dealroom, European venture capital investments reached a 9.3 billion euros peak (see here a previous post by BeBeez). The sector highlights a steady growth in Europe.
Italian fintech scaleup Soldo, a provider of multi-users business account and Mastercard credit cards, raised a 61 million US Dollars series B financing that Battery Ventures and Dawn Capital (see here a previous post by BeBeez). Further investors are Silicon Valley Bank, Connect Ventures, and Accel. Carlo Gualandri founded London-based Soldo in 2015.
GrowishPay, the Italian fintech that Digital Magics incubated, closed a 1 million euros round (see here a previous post by BeBeez). Crowdfunding investors poured 571,5 k euros through 200Crowd platform. Italian gaming company SisalPay invested 250k euros. Further investors are Boost Heroes, Veronica Mariani, and Federico Fulgoni. CEOClaudio Cubito and cto Domingo Sarmiento Lupo founded Growish in 2011.
Bending Spoons, an app developer for iOS, sold a 5.7% to H14, Nuo Capital, and StarTip (see here a previous post by BeBeez). Luca Ferrari, Francesco Patarnello, Matteo Danieli, and Luca Querella founded Denmark-based Bending Spoons in 2013. H14 is the family office of siblings Barbara, Eleonora, and Luigi Berlusconi. Nuo Capital is the investment holding that the Pao Cheng Family created and of which Tommaso Paoli is the ceo. StarTIP belongs to investment company Tamburi Investments Partners.
Progress Tech Transfer, a fund with resources of above 40 million euros in which European Investment Fundand Cassa Depositi e Prestiti invested, is ready to support projects for environmental and energy sustainability (see here a previous post by BeBeez). MITO Technology is PTT advisor. The fund will carry on direct equity investments worth up 1.5 million in technologic startups. PTT will also issue loans of 50k-200k euros for proof-of-concept tests.
Illiquid alternative and private assets with a long term tenure are of increasing interest to retail investors (see here a previous post by BeBeez). Antonella Massari, the general secretary of the Italian association of private banking firms(AIPB), said on the sidelines of a BeBeez event that qualified retail investors are eligible for private capital investments that are currently available only to professionals and institutions. Massari said that AIPB would suggest authorities to lower the 500k euros investment ticket treshold for private equity, venture capital, and private debt funds. Anna Gervasoni, the head of AIFI, the Italian association of venture capital and private equity funds, said that a lower treshold would allow private capital funds to raise funds through the private banking channel.