Italy’s angels&incubators and venture capital weekly roundup. News from Cube Labs, Caracol, Angiodroid, LimoLane, MamaClean, Food Seed and AG 4 Future Food

On 3 March, Friday, Italian venture builder for the healthcare & life sciences fields Cube Labs started the filing procedure for a listing on Euronext Growth Milan at 2 – 2,33 euros per share or a pre-money value (ante capital increase) of 30 – 35 million euros (see here a previous post by BeBeez). The company was founded in 2014 by the Surace Group, a group controlled by the family of the same name and active in healthcare services, ranging from CMFS Medicine and Physiotherapy Centers, which specialize in rehabilitation medicine; to CSM Medical Service Center, which provides qualified home health care services; to Innova Onlus, which promotes and supports medical research, particularly in the area of translational research in bio- and nanomedicine; up to precisely Cube-Labs.

Caracol, a provider of 3D printing services, attracted 10.6 million euros from CDP Venture Capital, Neva, Primo Space Fund, and Eureka! Venture (see here a previous post by BeBeez). The company will invest the raised proceeds in its organic growth. Francesco De Stefano, Jacopo Gervasini, Paolo Cassis, and Giovanni Avallone are the founders of Caracol, which may have 120 employees in 2024 ahead of expanding in North America and the Middle East. The company has sales fo 0.756 million, an ebitda of minus 0.446 million and equity of 4.2 million.

Angiodroid raised 7 million euros from CDP Venture Capital sgr, 8a+ Investimenti and Air Liquide Investissements d’Avenir et de Démonstration (Aliad) (see here a previous post by BeBeez). The founders Sebastiano Zannoli and Samuele Zannoli have 50.8% of the company. Further owners of the business are Zernike Meta Ventures (40%), Italian Angels for Growth (IAG) and Innogest. Angiodroid will invest the raised proceeds in its business development. The company has sales of 2.8 million, an ebitda of above 0.35 million and equity of 3.3 million.

LimoLane, a scaleup platform for the business mobility, raised 4 million euros from Fabio Nalucci (lead investor), Equity Venture Club, and Riccardo Martinelli (see here a previous post by BeBeez). Gianni & Origoni acted as transaction counsel. LimoLane was born in 2021 and is active in Italy, France and the UK. The company has sales of 2.8 million, an ebitda of 85,000 euros and a net financial debt of 0.947 million. LimoLane will invest the raised proceeds in expanding the chauffeur services field.

MamaClean, an Italian startup for online laundry service with home pick-up and delivery, attracted one million euros from Peter Mayrl, Simone Canclini and Fondo Rilancio Startup (CDP Venture Capital) (see here a previous post by BeBeez). MamaClean will invest the raised proceeds in consolidating its presence in the Centre and North of Italy. ColonnaCaramanti assisted Mamaclean for the issuance of hybrid instruments that Cdp Venture Capital subscribed. Francesco Malmusi and Paolo Malmusi have little less than 50% of the company while Antonio Carpentieri has 6.4%. MamaClean has sales of 0.851 million, an ebitda of minus 0.435 million and equity of minus 0.3 million. In 2022, the startup raised 0.47 million through an equity crowdfunding campaign on CrowdFundMe with a pre-money value of 5.2 million.

CDP Venture Capital sgr’s Fondo Acceleratori, Fondazione Cariverona and UniCredit created Verona-based FoodSeed, an accelerator for agritech and foodtech startups with resources of above 15 million euros (3.24 million from Eatable Adventures that will manage the programme) (see here a previous post by BeBeez). For the next three years, FoodSeed will annually support 10 Italian startups or firms with an Italian branch in their seed and pre-seed stage that will join a six-months acceleration programme, a ticket of 0.170 million and possibly a follow on of up to 0.5 million. The application deadline for FoodSeed’s first call for the programme starting in May 2023 will expire on 16 April, Sunday.

Sella’s venture incubator dpixel launched AG 4 Future Food, a programme with resources of 3 million euros for accelerating agritech and foodtech startups (see here a previous post by BeBeez). AG 4 Future Food will invest in firms ready to go to market in 6-10 months and with a grade of TRL (Technology Readiness Level) of at least 6. The six-months programme has four steps: scouting; business acceleration for shortlisting the ten best firms; a 0.1 million investment for 5 startups finaliste; matchmaking for integrating the startup solutions in established industry peers.