Banca CF+ (fka Credito Fondiario) acquired Credimi‘s digital assets after having signed an agreement on 23 March, Thursday (see here a previous post by BeBeez). Sources said to BeBeez that the transaction is worth 5.5 million euros with an earn-out of 3.5 million upon the achievement of undisclosed targets. Credimi, will go into liquidation, but will continue the activity of its securitisation spvs that acquired the receivables from the SMEs that raised resources through the platform and issued asset-backed notes that investors underwritten. However, the sources said that Banca CF+ will not invest in these instruments or spvs.
Yeldo, a real estate developer active in Switzerland, Italy and Germany, launched Yeldo Crowd, an equity crowdfunding platform that received the autorization from Consob, the Italian stock market authority (see here a previous post by BeBeez). The platform will allow to invest in institutional projects with tickets of at least 10,000 euros. Antonio Borgonovo is the ceo of Yeldo.
Cloud Care, an Italian digital platform for marketing solutions that belongs to Investcorp since 2021, acquired insurance broker Assicurofacile (see here a previous post by BeBeez). Cloud Care retained as advisors Gianni & Origoni and Sidus. Alessandro Malagigi founded Assicurofacile in 2016.
Scientifica Venture Capital (SVC), a fund born in November 2021 that Riccardo D’Alessandri heads, launched Quantum Italia, a vehicle for supporting the Italian quantistic sector (see here a previous post by BeBeez). SVC also signed a partnership with Unitary Fund for developing an open ecosystem for the quantistic technology with the support of Italian and international communities.
Prometheus, an Italian medtech that Riccardo Della Ragione (ceo), Alice Michelangeli and Valentina Menozzi created in 2017, will end on 8 May, Monday, the equity crowdfunding campaign that launched on MamaCrowd (see here a previous post by BeBeez). The company raised 2.4 million euros ahead of a 2.6 million target on the ground of a pre-money value of 21.2 million. This fundraising is part of a 3 million capital increase. Prometheus will invest these proceeds in the development of Ematik Patch.
360 Capital Partners and Politecnico di Milano launched Poli360 II, a vehicle for seed/early stage investments in the sector of the deeptech, technologic transfer and digital transformation (see here a previous post by BeBeez). The fund aims to attract the resources of corporate and institutional investors.
Cosmico, a hr-tech startup that liaise digital sector professionals with companies, raised 1.85 million euros for its international development (see here a previous post by BeBeez). The company attracted the resources of Prana Ventures, Bonsai Ventures, Growth Engine, Duccio Vitali, Valerio Fonseca, Marco di Pietro, and Giordano Martinelli. Francesco Marino and Simone Tornabene founded Cosmico in 2020. The company has sales of 2 million.
Eni, FinDynamic (a supply chain lender startup), UniCredit, and Crédit Agricole launched the programme Sustainable Supply Chain Finance (see here a previous post by BeBeez). The partnership will allow Eni’s suppliers to cash their invoices at better conditions on the ground of their ESG performance and with the support of Open-es, the energy transition programme that the Italian energy giant launched with Boston Consulting Group and Google Cloud (see here the BeBeez 1H22 Fintech Platforms Report, available for the subscribers to BeBeez News Premium and BeBeez Private Data)
Sistemi, an Italian fintech, acquired 25% of Ultroneo, an Italian competitor (see here a previous post by BeBeez). Sistemi acquired the stakes of Italian Angels for Growth (IAG) and Aldabra Capital (20.7%) and subscribed to a capital increase. The target received the incubation support of Technoseed. Alvise Abu-Khalil and Daniele Fanzutto founded Ultroneo in 2014. In 2016, the company attracted 0.39 million euros from IAG and Aldabra Capital on the ground of an enterprise value of 1.9 million.
