HiQ-Nano, an Italian startup born at the Istituto Italiano di Tecnologia (IIT), raised a 350k euros investment round from the Progress Tech Transfer fund (see here a previous post by BeBeez). HiQ-Nano produces nanoparticles of several materials through the innovative synthesis of eco-friendly materials. Progress Tech Transfer has resources of 40 million euros and received support from the European Investment Fund and Cassa Depositi e Prestiti.
Apical, a TravelTech startup, closed a seed round of 400k euros (see here a previous post by BeBeez). LVenture Group, Italian Angels for Growth and other business angels poured resources in the company that will invest the proceeds in expanding its foreign activities. The company raised a total amount of 540k euros as it attracted a pre-seed financing of 30k euros from Impact Hub Milano in August 2018 and another 110k euros pre-seed financing from Luiss Enlabs in December 2018. Fabio Daniele, Michele Pierangeli, and Nicola Zanola founded Apical in 2018. The company has sales of 13,000 euros and an ebitda of minus 4,595 euros.
BAIG Research Center Impresa Sociale is the first Italian company that launched a capital increase in in Bitcoin and Ether (see here a previous post by BeBeez). BAIG investors sold two credits in criptocurrencies held at Young Platform, an Italian exchange. BAIG will carry on the capital increase through the conversion of credits in equity. Investors may keep the amount in cryptocurrency or convert it in Euros. Baig is a research centre with a focus on the new technologies law based in Milan that Nerina Boschiero, Diana Urania Galetta, Benedetta Cappiello, Alessandro Negri della Torre, Gabriele Sabbatini, Marco Pagani, and Gherardo Carullo founded. Young Platform is a fintech startup that Andrea Ferrero, Stefan A. Gheban, Samuele Raimondo, Marco Ciarmoli, Andrea Carollo, and Daniele Rinaldi founded that I3P (part of Turin Polytechnic University) incubated.
After having received on 12 December, Thursday, the authorization from Banca d’Italia, Claris Ventures sgr is about to be the first Italian asset management company that will support biotech startups ready for clinical development (see here a previous post by BeBeez). Pietro Puglisi and Ciro Spedaliere are the partners of Claris Ventures that in 2020 will launch its first fund, Claris Biotech I, with a focus on early stage biotech and pharma companies.
In the last ten years, Italian Angels for Growth (IAG) invested 151 million euros in 83 companies, carried on 7 exits while it’s selling 3 assets (See here a previous post by BeBeez). In 2019, IAG invested 15 million (+50% yoy). In 2019, IAG signed strategic partnerships with Angel Partner Group, LVenture and the equity crowdfunding platform Doorway. In 2019, IAG invested in:
• Fitprime – Champion: Andrea Rota
• InVrsion – Nicolas Ott and Riccardo Fisogni
• Kither Biotech – Laura Iris Ferro and Francesco Leone
• Comehome – Federico Pistono and Roberto Montandon
• Yobs – Anna De Stefano and Roberto Montandon
• Apical – Silvia Pugi and Alessandro Brighenti
• Ride – Paolo Maresca
• Rejoint – Michele Marzola and Claudio Zuccolotto
• Sooma – Carlo Brunetti and Michele Marzola.
LybraTech and Deepsup are two investments of Angel Partner Group, which integrated with IAG.