Italy’s angels & incubators, crowdfunding, fintech and venture capital weekly roundup. News from 360 Disruptech, LIFTT, Enpaia, Digital Magics and more

Italian venture capital 360 Capital, its partners and other investors launched Paris-listed Spac 360 Disruptech EU (see here a previous post by BeBeez). 360 Disruptech EU aims to raise 250 million euros through the sale of 25 million shares and warrants at 10 euros each. Four warrants will allow getting one share once carried on the business combination by two years since the launch of the Spac that will target European tech companies with an equity value of 1 – 4 billion. Fausto Boni, Nader Sabbaghian and François Tison at the moment own 60% of the Spac, 360 Capital has 20%, while the remaining 20% stake belongs to the partners of Clipperton Finance, Céline Lazorthes, Rodolphe Carle, Carlalberto Guglielminotti, and Marco Pescarmona. Sources said to BeBeez, that the Spac’s promoters will invest more than 6.5 million for a 3% of the vehicle post-raising.

LIFTT, a venture capital that Turin Polytechnic University and Compagnia di San Paolo launched through Fondazione Links, closed a capital increase of 20.9 million euros (3 million from Fondazione San Paolo and 2 million from Fondazione CRT) (see here a previous post by BeBeez). Giovanni Tesoriere and Stefano Buono are the ceo and chairman of LIFTT, whose 2020-2024 business plan set a 90 million target for direct investments and subsequent co-investments of 450 million.

Fondazione Enpaia, the welfare institution for the workers in the agricultural sector, invested 15 million euros in LVenture, Eureka and Avm Gestioni Cysero-Kilometro Rosso (see here a previous post by BeBeez). Enpaia previously poured resources in Vertis and Mito Progress Tech.

In 2020, Milan-listed Digital Magics invested in 15 new startups (9 through acceleration programmes), for a portfolio of 73 companies (see here a previous post by BeBeez). Digital Magics has a turnover of 2.4 million euros (-11.5% yoy), an ebitda of minus 0.265 million (minus 0.303 million), and net losses of 2.5 million (2.3 million).

Venice LightYear (Vly), the spv that Infinityhub, a green energy company, raised more than 57,000 euros, above the 50,000 target, through an equity crowdfunding on CrowdFundMe, for refurbishing the light systems of San Servolo, an island of Venice area da (see here a previous post by BeBeez). The project’s value is of 0.132 million euros. Vly attracted the resources of Techinnova, a startup incubator. Massimiliano Braghin is the founder and ceo of Infinityhub and of Vly.

Italian fintech Young received a financing facility of 800k euros with the warranty of Fondo di garanzia per le pmi from Banca Progetto (See here a previous post by BeBeez). Andrea Ferrero, Stefan A. Gheban, Samuele Raimondo, Marco Ciarmoli, Andrea Carollo, and Daniele Rinaldi are the founders of Young, which received the incubation support of I3P, part of Turin Polytechnic University.

HiNelson, a B2C e-commerce for nautics accessories, closed a seed round of one million euros (See here a previous post by BeBeez). The company attracted the resources of Marco Ariello, Giovanni Gardelli, William Griffini, Giacomo Ruzza, Fabio Mondini de Focatiis, and Moffu Labs. Marcello Labruna founded Milan-based HiNelson in 2017.

Global Tech Ventures (GTV) raised more than 3.77 million euros through an equity crowdfunding campaign on Milan-listed portal CrowdFundMe (see here a previous post by BeBeez). GTV set a fundraising target of 0.25 – 3 million on the ground of a pre-money value of 4.25 million and an investment ticket of 10,000 euros.

Pantarei, the owner of the digital native fashion brand Lirecento, will launch an equity crowdfunding on Mamacrowd on 8 April, Thursday (see here a previous post by BeBeez). The company aims to raise 0.3 – 0.6 million euros on the ground of a pre-money value of 4 million. In October 2019, Lirecento raised 1.2 million from Frankfurt-listed Rocket Internet.

Jojolly, an Italian startup for Ho.Re.Ca staffing, raised 100k euros from Fondazione Social Venture Giordano dell’Amore (GDA), the impact investing unit of Fondazione Cariplo which alread invested 6 million (See here a previous post by BeBeez). Mattia Ferretti De Luca founded Jojolly in 2019.

Alfi, a company of the Italian entrepreneut Nerio Alessandri, invested 200k euros for acquiring a 5.6% of Doing 4, the club deal vehicle that will invest in Israeli’s scaleup medical-deeptech Memic Innovative Surgery (MIS) (see here a previous post by BeBeez). Gemma, Lomafin Sicuritalia, Excalibur, and Gierre also invested in Doing 4. Nir Shvalb and Vito Vishnepolsky founded MIS in 2012. Since 2014, the company raised 31.8 million US Dollars.