Talent Garden, an Italian scaleup for the coworking and the digital training sectors that Davide Dattoli founded in 2011, committed to acquire 54% of Swedish Business School Hyper Island from the founders Jonathan Briggs, David Erixon and Lars Lundh (see here a previous post by BeBeez). Talent Garden signed an option for acquiring the whole Hyper Island in the following years.
Italy’s Eggtronic received a financing facility of 15 million euros from the European Investment Bank (EIB) that received the support of the European Warranty Fund (EWF) (See here a previous post by BeBeez). Sources said to BeBeez that Eggtronic launched a 5 million equity crowdfunding campaign on Doorway earlier in June and a 5 million capital increase that the company’s shareholders and TomTom International subscribed in even portions.
Icona Technology, a scaleup that provides remote assistance through augmented reality, listed on Vienna Market on 24 November, with a market capitalization of 28.2 million euros or 4.1 euros per share (see here a previous post by BeBeez). Icona raised 2.225 milions after the business combination with Errera Technology, an investment vehicle that targets companies to list. Grafoventures, Milan-listed DHH, Luca Giacometti, and Stefano Miari launched Errera. Giorgio Nepa, Paolo Rossi and Francesco Riglietti founded Errera n 1996.
In 2022-2024, Cassa Depositi e Prestiti (CDP) will increase its exposure to the private equity and venture capital sectors with a crowding-in approach (see here a previous post by BeBeez). At the end of 2Q21, the portfolio of Cdp investments in listed companies amounted to 28 billion euros, while the book value of unlisted assets was worth 2.9 billions.
PitchBook European VC Valuations Report for 3Q21 said that the pre-money value of the European startups constantly increased (see here a previous post by BeBeez). The pre-money value of the software startups is 27.2 million euros. The average size of the late-stage deals is 9 million.
Borderless Capital, a Miami-based venture capital that invests in the Algorand blockchain ecosystem, reached the first 10 million euros closing for its vehicle Planets.Fund (see here a previous post by BeBeez). The latter aims to create a new economic paradigm with the green data and the support of PlanetWatch, a French company that Claudio Parrinello founded in 2020 as a spin-off of CERN, the European Centre for Nuclear Energy. PF attracted the resources of Borderless Capital (anchor investor – 1 million US Dollars), SkyBridge, JUMP Capital, Kenetic Capital, Algorand Inc, Meld Ventures, Youbi Capital, Robert Matza, Steven Tannenbaum, Joseph Naggar, Deeb Salem, Woodrow Levin, Sam Frankfort, Steve Kokinos, Kenzi Wang, Sonny Signh, and Genesis Capital.
Macai, a digital supermarket that operates in Milan and Turin, attracted pre-seed resources of 3 million US Dollars (see here a previous post by BeBeez). Lumen Ventures, Plug and Play Ventures and Cats.vc poured resouces in Macai that will invest such proceeds in its expansion in Europe. Giovanni Cavallo (ceo), Lorenzo Lelli and Edoardo Tribuzio founded Macai in 2020