Italian fintech scaleup Moneyfarm raised 40 million euros (36 million of British Pounds) through a round that Poste Italiane led with partecipation of Allianz Asset Management which was already a major investor in the company (see here a previous post by BeBeez). Poste will buy a minority of Moneyfarm. Paolo Galvani and Giovanni Daprà founded Moneyfarm, an online financial consulting business, in 2011. Poste and Moneyfarm signed a strategic partnership for open innovation.
Newronika a spin-off of Milan General Hospital and Milan University, raised a 8.4 million euros round (see here a previous post by BeBeez). French fund Omnes Venture Capital led the round that Innogest and Indaco Venture Partners joined together with an undisclosed family office and F3F, a Milan-based firm that Laura Iris Ferro, a biotech and healthcare businesswoman, controls. Lorenzo Rossi and Alain Garcinuño are the ceo and the cfo of Newronika.
Innovative-RFK (i-RFK)an investor in innovative startups and SMEs, raised 2.5 million euros (23.5% of its equity) through the equity crowdfunding campaign that was launched on CrowdFundMe, a Milan-listed portal (see here a previous post by BeBeez). The average investment has been of 35k euros (minimum 20k euros). The pre-money value of i-RFK for the campaign was of 8 million euros (see here the campaign details on CrowdfundingBuzz). Paolo Pescetto, Massimo Laccisaglia, and Andrea Rossotti founded i-RFK.
SkinLabo, an Italian cosmetics digital brand, raised 1.15 million euros from several business angels and Club degli Investitori (See here a previous post by BeBeez). Walter Ricciotti, founder and ceo of Quadrivio Group, and Stefano Gaetani, formerly ceo of Labotatorie Bioderma -Naos Group and top manager of LVMH Italia, previously invested in the company that ceo Angelo Muratore founded together with coo Carlo Tafuri.
Chef in Camicia (Cic), an Italian web tv channel with focus on food, raised a series A round of 1.2 million euros, that Milan-based venture capital Mega Holding led (See here a previous post by BeBeez). Maider also invested in the company. Cic has sales of 0.673 million euros, an ebitda of 35,000 euros, and net debts of 20,000.
Milan-based design startup Banale raised 1.2 million euros through a capital increase and debt (see here a previous post by BeBeez). Venture accelerator and innovation advisor Nuvolab supported Banale for its transformation in scaleup. Stefano Bossi and Tommaso Puccioni founded Banale in 2015. The company has sales of 0.814 million euros, an ebitda of minus 0.144 million, and a net debt of 0.299 million euro. Banale will invest such proceeds in developing new products and its online sales channel and for opening monobrands shops in Milan and in Asia.
ScaleIT, the platform-event that Italian business angel Lorenzo Franchini founded in 2015, shortlisted 14 scaleups (12 based in Italy and 2 in Southern Europe) (See here a previous post by BeBeez). The panelists that selected the startups for for the fifth edition of the event that will take place on 24 October are Lorenzo Franchini, Michele Novelli, Emil Abirascid, and Pietro De Nardis. The companies will meet international investors like Accel, Acton, Ardian, Atomico, BlackFin, Brega, Digital+, Eight Roads, ETF Partners, HV Ventures, Hummingbird Ventures, Idinvest, Iris Capital, Project A. ScaleIT received support from Silverpeak, AWS, Salesforce, Orrick, Badenoch+Clark, Ludovici Piccone & Partners, Poste Italiane, SisalPay, and Enel . The scaleups that will join the final round will compete for round A, B, and C financing rounds of 3 – 30 million euros. The companies that will be part of this edition are:
AppQuality, a crowd-based Italian platform for testing UX apps;
Artemest, an Italian e-commerce for luxury and contemporary design products;
Coverholder, an Italian Insuretech b2b platform;
Homepal, an online Italian real estate agent;
InVRsion, an Italian developer of software solutions for handling use cases retail through the virtual reality;
Inxpect, an Italian developer of smart radar technologies for industrial safety and robotics;
Le Cesarine, a platform for Italian home-cooking.
Manet, an Italian online tourism company;
Mediately, an Italian mobile platform that supports physicians for their decisions;
Sailogy, an Italian marketplace for renting crafts;
Soul-K (fka Soul Kitchen), an Italian FoodTech;
Travel Appeal, an Italian B2B startup that provides data science and AI tools for the Horeca sector;
Vivense, a Turkish vendor of house appliances and home furniture;
Wonderflow, a Dutch company that changes consumers’ feedback in business suggestions;
Richard Belluzzois the new vice-president of Innogest Capital and will hold an operative role in the firm’s investment team (See here a previous post by BeBeez). Belluzzo is born to Italian parents in San Francisco, California and previously spent 23 years at Hewlett-Packard. Claudio Giuliano and chairman Giuseppe Donagemma founded Innogest in 2006. The European Investment Fund and Fondo Italiano d’Investimento invested in the the company that has 85 million euros resources. Innogest Capital is one of the investors that BeBeez Private Data monitors. Find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 monthsfor 110 euros per month.
Incumbent companies should support fintech firms for generating innovation and digital transformation, according to the report Digital transformation or distruptive innovation? that Marco Giorgino, the scientific director of the Observatory about Fintech & Insurtech of Milan Polytechnic University, presented during the anniversary for the second year of activity of Milan Fintech District (see here a previous post by BeBeez). SellaLab, the innovation platform of Gruppo Banca Sella (whose ceo is Pietro Sella) launched Fintech District in September 2017 together with co-working company Copernico. The corporate members of the Fintech District are: Cerved, Crif, Axa, Société Generale, Royal Bank of Canada, IBM, Ernst & Young, and Boston Consulting Group. Fintech District is collaborating with 15 international hubs of the same sector.
Bemycompany, the business incubator that Antonio Quintino Chieffo founded, signed a letter of intents with Sixth Millennium, an Israel’s venture capital that Jonathan Pacifici founded (see here a previous post by BeBeez). This agreement aims to allow the portfolio companies of Sixth Millennium and of Bemycompany to transfer each other their technology. Bemycompany will open by next month a bureau in Tel Aviv.