B-to-V Partners has led a €3m seed round for ToolSense, an Austria-based startup that develops internet-of-things (IoT) sensors and corresponding software for use in industrial machinery.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round