Moneyfarm, a London-based wealth manager, acquired Profile Financial Solution (Profile Pensions), an UK competitor with 1 billion euros of assets under management (see here a previous post by BeBeez). Moneyfarm will finance the transactio with cash and shares swap that will allow Smedvig Capital to own a minority of the buyer that retained Barclays Bank and Linklaters as financial and legal advisor.
Milan-listed energy network company Terna launched Terna Forward, a corporate venture capital with resources of 50 million euros (see here a previous post by BeBeez). The vehicle will invest in the sectors of energy and mechatronics.
The Lombardia Region launched Lombardia Venture, a fund of funds for supporting the local startups (see here a previous post by BeBeez). Finlombarda will manage the vehicle that has resources of 40 million euros.
The even joint venture that Milan-listed Campari Group and Moët Hennessy, the wine and spirits unit of LVMH, raised to 100% their 62.1% stake in Italian e-commerce Tannico (see here a previous post by BeBeez). In January 2023, Thierry Bertrand-Souleau will be the ceo of Tannico while Marco Magnocavallo will be the company’s onorary chairman
Blubrake, an Italian scaleup producer of components for e-bikes, received from the a venture debt loan of 10 million euros from the European investment Bank (EIB) (see here a previous post by BeBeez). The company will invest the raised proceeds in its international expansion. Fabio Todeschini, e-Novia and a team of professors and researchers of Milan Polytechnic University founded Blubrake in 2015. The firm has sales of 0.8 million euros, net losses of 2.8 million and net cash of 0.25 million
Jobtech, an Italian digital recruting agency, raised a Series A 6 million euros round (see here a previous post by BeBeez). Oltre Impact acted as lead investor. The company also attracted the resources of Lumen Ventures. Jobtech will invest the raised proceeds in its organic development.
Acadèmia.tv, an Italian platform for cooking classes, attracted 1.3 million euros on the ground of a pre money value of 3.7 million (post money of 5 million) from lead investors Umberto Bottesini, Sandro Moretti, Niccolò Giustiniani, and Marco Caradonna (See here a previous post by BeBeez). The company will invest such proceeds in expanding its catalogue of courses. Sources said to BeBeez that the lead investors poured one million of their own resources in the business. Nicolò Zambello founded Academia.tv in 2020.
Sood, the developer of the app Ristoply for Ho.Re.Ca. suppliers, attracted the investments of Francesco Marconi, Francesco Zaccariello, Spartan Capital Italia, and Edoardo Maggiori (see here a previous post by BeBeez). Ristoply will invest these proceeds in achieving 2 million euros sales in 2023.
DoctorApp, an Italian health tech, attracted 400k euros from Fondo Zungri Capital (see here a previous post by BeBeez). Alessandro Giraudo is the ceo and founder of DoctorApp.
Webidoo, an Italian company that supports the digital transformation of SMEs, committed to buy Palmabit, an Italian publisher of software for the industrial production, from the founders Francesco Falanga and Alessandro Sarzina (See here a previous post by BeBeez). Giovanni Farese, Daniel Rota and Egidio Murru are the founders of Webidoo. Palmabit has sales of 0.735 million euros, an ebitd of 29,500 euros and a debt of 0.184 million
Banca AideXa, a fintech bank that chairman Roberto Nicastro and ceo Federico Sforza founded, signed a partnership with BancoPosta for the distribution of loand and financial products to SMEs (see here a previous post by BeBeez). BancoPosta will implement AideXa’s LaaS (Lending as a Service).
Cardo AI, a fintech that provides data analytics services for the private debt sector, generated sales of 3.2 million euros in 3Q22 (see here a previous post by BeBeez). The company set target revenues of 5 million by the end of 2023. Altin Kadareja and Daniele Forza founded Cardo in 2018.
The South European branch of Meta, LVenture Group, Legambiente, and Giovani Imprenditori Confcommercio launched GREENƎR, a call for startups that offer solutions for helping SMEs to reduce their carbon footprint (see here a previous post by BeBeez). All the startups that attracted a seed investment of at least one professional investor, already tested their products or services and collaborated with Italian companies will be able to apply by 23 January 2023 through the website www.greenercall.com. The jury will shortlist five companies ahead of rewarding three of them with cash and advertising credits.
Cosmico, Cubbit, Kippy, Spiagge.it and Wetacoo joined A-Road, an acceleration programme that Growth Capital launched in 2021 (see here a previous post by BeBeez). The companies wiil receive 0.2 million from Growth Engine, a financial holding that Michele Appendino, Marco Ariello, Andrea Marangione, and Fabio Mondini de Focatiis created, and a further 0.3 million from co-investors. The top ceos and mentors of this batch are: Ariello, Roger Abravanel, Paola Bonomo, Tommaso Gamaleri, Milena Mondini, Duccio Vitali, Alessandro Petazzi, and Andrea Zocchi. Cosmico, is a HRTech that Francesco Marino and Simone Tornabene created. Stefano Onofri, Marco Moschettini, Alessandro Cillario, and Lorenzo Posani founded cloud storage company Cubbit in 2016. Marco Brunetti and Simone Sangiorgi are the founders of Italian pet care Kippy. Spiagge.it is a tech tourism platform that Niccolò Para and Andrea Menghi founded. Wetacoo is a digital platform for moving and storing furniture that Federico Prugnoli and Gianluca De Luca created.
