3i has agreed to sponsor a professorship at Johann Wolfgang Goethe University in Frankfurt, to further research and education in the field of private equity. 3i will fund the chair with EUR 200,000 per annum for a period of six years, with a review after the third year.
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