Venture capital house K Fund and Automattic, the parent company of WordPress.com and WooCommerce, have led a €1m funding round for Frontity, which offers an open-source React framework for WordPress.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round