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Home COUNTRY ITALY

Italy’s angels & incubators and venture capital weekly roundup. News from WashOut, Rendimento Etico, Propensione

bebeezby bebeez
February 20, 2019
Reading Time: 2 mins read
in ITALY, VENTURE CAPITAL
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Wash-OutItalian startup ecosystem is still quite active.Ā 

Wash Out, the Italian startup that delivers at home car wash services with eco-friendly products, raised one million of euros fromĀ Telepass,Ā a provider of tools for motorways, and other investors (se here aĀ previous post byĀ BeBeez).Ā Christian Padovan, the ceo of Wash Out, founded the company in 2016 together withĀ Christian Padovan, Andrea Galassi, andAlessandro MorlinĀ and the support ofĀ Speed MI Up, the business incubator ofĀ Bocconi University, Milan’s Chamber of Commerce and Milan City Hall. In June 2018, Wash Out received an investment of 0.8 million fromĀ B Heroes, and another of 0.15 million fromĀ International ScaleUp, a vehicle ofĀ Intesa Sanpaolo Innovation Center.

Rendimento Etico, an Italian real estate lending crowdfunding platform, started its activity with a focus on distressed credits (see here aĀ previous post byĀ BeBeez).Ā Andrea Maurizio GilardoniĀ founded the company that pays off the distressed credits and acquires the underlying real estate assets. French payment systems providerĀ LemonwayĀ will handle the transactions on Rendimento Etico.

Fintech startupĀ Propensione, an online broker that some former executive of Italian insurance giantĀ GeneraliĀ founded together with the financial support ofĀ Palladio Finanziaria Holding,Ā is growing (see here aĀ previous post byĀ BeBeez). Propensione sells funds ofĀ Arca FondiĀ andĀ GenialLifeĀ and is about to sign partnerships with important sector players.Ā Alberto MaturiĀ is the company’s chairman,Ā Giancarlo ScottiĀ the coo and cfo,Ā Angelo Venchiarutti,Ā Giorgio Drago,Ā Luigi De Puppi,Ā Giovanni Dembech, andĀ Carmen SilvestriĀ are board members.

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