P101, 360 Capital Partners raise $10m series-B for Musement
Venture capital fund managers P101 and 360 Capital Partners have participated in a $10m series-B round led by family office Micheli Associati for Milan-based startup Musement.
Reportedly, the company aims to use the fresh funding to boost its product development and target new markets, including the US and China.
Previous funding
In September 2013, 360 Capital led a funding round of €1.3m for the business with participation from Italian Angels for Growth.
More recently, P101 and 360 Capital led a €5m series-A round for the company in March 2015.
Company
Established in 2013, Musement develops a travel and tourism-focused online platform that connects users with tours, sport and music events. Through its website and mobile apps, the company claims to currently operate in 450 cities across 55 countries.
Headquartered in Milan, the company also has a presence in Barcelona and employs a staff of 70.
People
P101 – Andrea Di Camillo (managing partner).
Musement – Alessandro Petazzi (CEO).
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