US-based private equity firm Evolution Equity Partners has invested $3.5m in Italian startup DFLabs, bringing its total funding to $9m.
Fresh capital will help the challenger bank expand globally and become a fully-licensed operator
GPs intend to pursue a buy-and-build strategy and create a platform in the funeral services sector
Lakestar and Next47 also back the procurement software company, which will explore strategic add-ons
Musti generated EBITDA of €34.3m from revenues of €246.6m for the year ending in September 2019