
Invitalia leads €1.5m series-A for Vino75
Italian government-backed venture capital house Invitalia Ventures has led a €1.5m series-A finding round for digital marketplace application Vino75, alongside Florence-based venture capital house Sici.
As part of the deal, the GPs acquired a minority stake in the business alongside the management team as well as two Italian accelerator, Club Italia Investimenti 2 and Club Digitale, which boosted the company’s growth during its seed phase.
According to a statement, the company aims to use the capital injection to expand its B2C-focused online platform to the B2B business as well.
Invitalia deployed capital from its 2015-vintage Italia Venture I, which currently manages €85m of commitments and is eyeing a final close in September 2017. The fund has a €100m target.
Company
Founded in 2014 and headquartered in Florence, Vino75 develops a digital marketplace focused on the Italian wine sector. Currently the company’s platform focuses on B2C business and claims it has 1,800 brands under management.
People
Invitalia Ventures – Mario Scudieri (investment manager).
Sici – Guido Tommei (director).
Vino75 – Andrea Nardi Dei (CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater