Wellington Partners has entered into a collaboration agreement with the KfW Banking Group to finance young companies within the framework of the ERP Start-Up Fund. As a Wellington Partners co-investor, KfW will provide up to EUR 3m per company. Wellington will select and support companies in the life science sector.
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