TIm Ventures,Ā Ā the Telecom Italia vehicle for seed and early-stage investments in startups and eligible participation in successive funding stages. announced its first two investments out of italy, both in the e-commerce sector:Ā Moltin and Shoppimon (seeĀ here the press release).
The two investments have been made by Tim Ventures among the Syndicate Investors framework launched by Ā Gil Dibner onĀ AngelList, Ā aiming at investing in European and Isreali startups which are developing disruptive technologies. Tim VenturesĀ joined Gil Dibner’s syndacate last March and committedĀ 100l euro to be invested in a maximum of five startups in one year with syndicates including US-based venture capital firms
Moltin devekoped a software which enables the easy and fast development of e-commerce web sites. As far as Ā CrunchbaseĀ is concerned, theĀ startup company with headquarters in Newcastle upon Tyne (UK) and in Montain View (California) obtained a 120k euros seed investment last December by Y Combinator, one of the most prestigious startup accelerators in the world, and by FundersClub and Trifect Capital.
Shoppimon, based in Tel Aviv, developed a technology which is able to monitor the good functioning and performance of an e-commerce web site, simulating human behaviour.
In the e-commerce sector Tim Ventureshad invested already in Italy last May when it bought a stake in the capital of Unfraud, an Italian startup company selected by the Ā TIM #Wcap accelerator in 2014, able to discover e-commerce frauds thanks to artifical intellegence.
