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Home COUNTRY ITALY

Two venture funds and 16 business angles invest in WIB's vending machines

bebeezby bebeez
May 2, 2014
Reading Time: 1 min read
in ITALY, VENTURE CAPITAL
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wib-ipercoopItalian startupĀ WIB (Warehouse in a box) granted a 750k euros financing round from 16 business angels and Vertis Venture and RedSeed Venture funds (download here theĀ Italian press release).
Angel investors have been identified thanks to a crowdfunding campain on SiamoSoci crowdfunding platform,
Fouded in Sicily byĀ Nino Lo Iacono, WIB was born thanks to Palermo University’s Arca incubator and was accelerated by the Seed-lab program.
WIBĀ is a fully automatic, modular, e-commerce enabled vending store able to handle hundreds of different products with different shapes and packagings. Consumers can purchase through its touch screen interface or through the e-commerce platform, picking up their purchase conveniently 24/7 at the choosen store.
WIB is now launching its product, the first store being realized for IperCoop Sicilia supermarkets chain.

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