Whit-e, a fintech marketplace for invoice financing , acquired invoices worth 63 million euros during its first 15 months of activity (see here aĀ previous post byĀ BeBeez). Whit-e belongs toĀ Fintech holding, a company ofĀ Isidoro LucciolaĀ andĀ Riccardo Carradori, as well as Factor@Work which in turn has been acquiring trade receivables on Italian fintech platforms for a total of more than 150 mln euros.Ā Lucciola and Carradori said to BeBeez that the company is currently collaborating with trade finance insurersĀ Euler Hermes, Coface, andĀ Sace in order to insureĀ receivables versus high rating debtors which have been issued by Italian SMEs in special situation or which find it difficult to access traditional credit. Whit-e hasĀ posted 500k euros in revenues in 2018, an ebitda of 126k eurosĀ and net profits of 62k euros. Lucciola and Carradori added that they want to launch by 2020 aĀ management company managing investment products focusing
ItalianĀ biotech acceleratorĀ BiovelocITAĀ and investment companyĀ Trentino Invest poured a seed financing of over one million euros inĀ Alia Therapeutics (see here aĀ previous post byĀ BeBeez).Ā BiovelocITA invested 1.1 million, Trentino Invest 250k euro.Ā Gabriella Camboni, the ceo of BiovelocITA, cofounded the company together withĀ Sofinnova PartnersĀ andĀ Silvano Spinelli.
The so-called Growth DecreeĀ Ā approved by the Italian Government s few days agoĀ could extend the public guarantee fund for SMEs to loans traded on the fintech platforms (see here aĀ previous post byĀ BeBeez). The guarantee could then include also investments that the Italian SMEs financed through the social lending and crowdfunding platformsĀ as well as the issuance of minibonds. However, such warranty can take place only for funds raised through authorised social lending and crowdfunding platforms.
By 2022Ā LVenture Group, a Milan listed holding for early stage venture capital investments will invest 4.5 million euros and carry on 20 exits. These are the golas that the company outlined in its new strategic plan 2019-2022 (see here aĀ previous post byĀ BeBeez).Ā Luigi CapelloĀ (ceo),Ā Stefano PighiniĀ (chairman), andĀ Roberto MagnificoĀ (partner and board member) said that investments must amount to 30 million, while exits have to generate cash in the region of 20 million.
Italian digital medical services firmĀ EpiCuraĀ aims to raise 800k euros through an equity crowdfunding campaign onĀ MamacrowdĀ Ā (see here aĀ previous post byĀ BeBeez).Ā Enrico CastellaniĀ (a former sales director ofĀ Kimberly Clark),Ā Club degli Investitori, LVenture Group, Club Acceleratori, andĀ BoostHeoresĀ already poured 480k euros in Epicura. Ā Stefano PeronciniĀ acted as advisor to EpiCura. CEOsĀ Alessandro AmbrosioĀ andĀ Gianluca ManittoĀ founded Epicura.
ItalianĀ fintech startupĀ GrowishPayĀ raised 600k euros from 88 investors through an equity crowdfunding campaign onĀ 200CrowdĀ (see here aĀ previous post byĀ BeBeez). The company set a fundraising target of 150k euro on the ground of a pre-money valuation of 4.25 million euro.Ā GrowishPay received support fromĀ SisalPayĀ andĀ Spaggiari Parma.Ā CeoĀ Claudio CubitoĀ and ctoĀ Domingo Sarmiento LupoĀ founded Growish in 2011. Italian incubatorĀ Digital MagicsĀ previously invested in the company and received resources from business angelsĀ Anna Siccardi, Nader Sabbaghian, Antonino Pisana,Alessandro Rivetti, and the founders Cubito and Sarmiento Lupo.Ā Further investors in Growish areĀ Club degli Investitori, Banca Sella holding, R301 Capital, Antonino Pisana, andĀ Ludovico Rosnati.
