The Italian crowdfunding platform reserved for High Networth Individuals (HNWI) ClubDealOnline closed a million euro round.
The capital increase was subscribed by HNWI and Luca Valaguzza (co-founder of Euclidea, who at the same time joined the Board of Directors), as well as by Blue Financial Communication and Cristiano Busnardo (who became a member of ClubDealOnline last September) who had already announced the entry in the capital of ClubDealOnline between September and October, but without specifying the amount of the subscription.
The new members are joined in the capital by the founder Antonio Chiarello (majority shareholder); the accelerator i-Starter; the managing director of i-Starter Simone Cimminelli; Portobello spa, a media & advertising company listed on Aim Italia, which in January 2019 led a series A round in ClubDealOnline.
Read more details about the financing round recently closed by ClubDealOnline and find the most important finance news with our companion app, Born2Invest.
The last round is part of the consolidation process of CubDealOnline, inaugurated with the renewal of the BoD
The financing round is preparatory to the achievement of the strategic objectives in the pipeline, i.e. the finalization of an important acquisition, which should be completed within the year, and the transformation of ClubDeal from srl to spa. The entry into the capital of new qualified investors will enhance ClubDealOnline’s ability to take full advantage of the opportunities offered by a particularly favorable moment for investment in private assets, continuing to match the demand for capital from companies with the supply of capital from individuals interested in diversifying their investments.
Antonio Chiarello, founder and majority shareholder of ClubDealOnline, said: “I am very satisfied with the confidence received from investors, in a period when raising $1.17 million (€1 million) can be anything but easy. We are committed to the search for smart money, i.e. capital that comes from investors able to make an active contribution to the organization, and we believe we have achieved a very good result. ClubDealOnline’s management is facing the current difficult period, linked to the COVID-19 emergency, with the right attitude and an eye to the future and the next challenges. This injection of capital will help us to complete the strategic projects we are working on, such as the transformation from srl to spa, a strong signal of solidity for a startup, just a few years after its foundation.”
ClubDealOnline is chaired by Roberto Ferrari, former general manager of CheBanca! (Mediobanca group) and former chief digital and innovation officer of Mediobanca. The platform aims to select the best scaleups and SMEs on the market to offer the most interesting businesses to investors. The selection is entrusted to iStarter (Italian accelerator based in London) and to partners specialized in SMEs. The model provides for the header of the shares by a fiduciary and allows investors to aggregate the investments in a single entity, optimizing tax management and making the shares more liquid. Last October ClubDealOnline launched the new Round as a Service – RaaS service. It has already made use of RaaS RS Production, owner with Portobello spa of the Web Magazine Makers publishing house Web Magazine (which has a license for the Rolling Stone brand for Italy). Last June, Portobello and RS Production also launched Immediate, the first vertical business accelerator in the media and entertainment world in Europe.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
4 trends transforming the world of venture capital
What lies ahead for conventional venture capital companies in the world of cryptocurrencies is not clear right now. Yet, it...
How are ESG company news deciphered with Artificial Intelligence
Thanks to the incredible progress in artificial intelligence (AI) observed in recent years, and more specifically in natural language processing...
5 easy ways to start an online business from home
Affiliate marketing is one of the most preferred methods of monetization of a blog. Blogging is one of the most...
The liquidity crisis of the SME triggers the race of the Italian fintech companies
The pandemic does not affect the fintech sector, which, on the contrary, is growing. While large money management and insurtech...
The talent crowdfunding of Smartika to finance the studies of young people is starting
Smartika has recently launched a talent crowdfunding campaign. To operate in this area, the peer-to-peer lending company Smartika has signed...