Alchimia's uFirst buys LVenture-backed Qurami

As part of the deal, LVenture will sell its stake in Qurami to Rome-based uFirst in exchange for both cash and a stake in uFirst.

According to a statement, the combined group will have 500,000 active users and operate in 150 cities across Europe.

Italian VC house Alchimia backed uFirst, a queuing platform for the leisure, travel and tourism sectors, in January 2018. Alchimia focuses on early-stage and growth capital investments and backs companies targeting international expansion that specialise in the development of innovative products.

Previous funding
LVenture Group, UniCredit StartLab, Italian Angles for Growth and several private investors backed Qurami with a €590,000 seed round in November 2014. The startup then received funding from R204 Partners in July 2016.

Company
Founded in 2011 and headquartered in Rome, Qurami develops mobile queuing apps able to remotely reserve spots in a queue. It interacts with an electronic ticketing machine and allows its users to monitor the queue in real time.

People
Alchimia Investments – Alessio Vinciguerra (managing partner, co-founder); Paolo Barletta (co-founder).
LVenture Group – Luigi Capello (CEO).
uFirst – Matteo Lentini (managing director).
Qurami – Roberto Macina (founder).

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• Topics
• Portfolio management
• Exits
• Expansion
• Southern Europe
• Technology
• Venture
• Italy
• Trade sale