MIP leads €5m round for Miscusi

Private investor and entrepreneur Alexander Samwer, founder of  European startup incubator Rocket Internet, also took part in the round.

MIP deployed capital from MIP I, which was launched in December 2017 with a €100m target. The vehicle invests in European – but primarily Italian – technology companies operating in the lifestyle sector. It specifically focuses on the fashion, food and design industries.

Miscusi intends to use the fresh capital to scale up its team, expand across northern Italy and subsequently penetrate the Spanish market. The company plans to open two new restaurants in Milan by the end of the year and several others in various cities across northern Italy in 2019. 

MIP I has, to date, raised most of its capital from Banco BPM and several Italian family offices.

Previous funding
Miscusi raised €1m in funding from private investor and entrepreneur Alexander Samwer and several business angels in September 2017.

Company
Founded in 2017 by Alberto Cartasegna and Filippo Mottolese, Milan-headquartered Miscusi is a restaurant chain specialising in fresh pasta prepared with seasonal and locally sourced ingredients.

The business generates revenues of €4.5m and expects to double its turnover by the end of 2019. Miscusi employs a staff of 150 and serves 500,000 clients per month.

People
Milano Investment Partners – Stefano Guidotti (CEO); Paolo Gualdani (partner).
Miscusi – Alberto Cartasegna (co-founder, CEO); Filippo Mottolese (co-founder).

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• Topics
• Expansion
• Southern Europe
• Consumer
• Venture
• Italy