The Akka.app Platform, Authorized in France, Also Launches Its Investment Club in Italy

Recently, the French equity crowdfunding platform Akka.app announced its entry into the Italian market, aiming to raise between 50 and 100 million euros per year starting in November 2024.

Former footballer Giorgio Chiellini joined the project as co-founder, together with Thomas Rebaud and Nicolas Nati, CEO of Akka Italia.

What is Akka.app

Akka.app is the startup investment platform of the French company Blast Angels Europe SAS, a European crowdfunding service provider approved by the French Financial Market Authority (AMF) and passported in Italy.

Akka was founded by French entrepreneur Thomas Rebaud, known for creating the unicorn Meero, and investor Anthony Bourbon.

Launched in France less than two years ago, Akka.app quickly attracted the attention of other successful entrepreneurs and investors, such as Pedro Buerbaum in Spain.

In France, the platform has achieved significant results, financing over 30 startups with a total investment of 50 million euros. The platform has attracted more than 10,000 registered members, making it one of the leading investment clubs for business angels in Europe.

A membership-based investor club

The platform is presented as a club of private investors that can be accessed by subscribing to different types of annual subscriptions (there are five), paying from €1,000 to €10,000.

Each type of subscription allows different maximum investment thresholds on a single operation and on the year. There are also investment commissions, starting from 5% for the basic subscription and going down to 3% for the “Diamond” subscription.

On the other hand, the advantages that the Akka.app platform offers to subscribers consist first of all in access, every month, to investments analyzed by CEOs and investors in Italy who negotiate the terms of the deals.

The conditions and terms offered to subscribed investors are the same as those of the founding members and all the “ investment partners ”.

Additionally, subscribers have access to a host of other services ranging from dozens of hours of video masterclasses on investing in startups, to personalized support and access to investment experts, to participation in exclusive events and access to the Elite Circle.”

Investment methods

On Akka’s Italian website, it says: “ Our startup investing thesis is simple: We invest in what works! We don’t invest in flashy startups, nor in startups that monopolize newspaper headlines, but in startups with the highest probability of generating profit.”

The club says it invests in early-stage startups that generate between €20,000 and €300,000 in revenue per month, with a limited “burn rate” and close to profitability, with expected multiples between x3 and x30 the initial value of the investment.

Once the investment opportunities are selected, the investment team begins a complete and in-depth audit process on each startup.

In this due diligence phase, 10 main aspects are explored: the startup’s history, cap table, team, market, business model, commercial traction, commercial strategy, financial analysis, funding round and exit, and legal audit.

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(Featured image by Ozkan Guner via Unsplash)

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