Principia backs Simplicissimus with €2m

The investment is part of a €2.5m funding round, which saw the remaining capital committed by the firm's founders. The VC invested through the Principia II fund, which closed on €61.3m in 2009.

The fresh funding will support the development of the firm's software, the opening of a research and development base in Catania, and the company's expansion into new international markets including Turkey, Poland and Mexico.

Company
Founded in 2006 and based in Milan, Simplicissimus is a digital solutions provider for the publishing industry. The company aims to facilitate the transition from traditional print publishing to digital, and provides production, distribution and sales services across the industry. Around 35% of eBooks in the Italian market are distributed by the company.

Simplicissimus has a self-publishing platform, launched in 2012, used by more than 1,000 authors.

People
Marco Magnocavallo is a venture partner at Principia and worked on the transaction.

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