An Aerospace company, D-Orbit, has raised $2.9 million (€2.6 million) on ClubDealOnline, the equity crowdfunding platform founded by Antonio Chiarello in order to broker investments in startups reserved for high net worth individuals. The funding was carried out in collaboration with the private banking structures of Banca Sella and Sparkasse.
This is the second transaction in a few weeks involving private banking structures in an equity crowdfunding, after the Fin-novia campaign on BacktoWork (owned by Neva Finventures, Intesa Sanpaolo’s corporate venture capital company), which involved Intesa Sanpaolo’s private banking.
Browse the Born2Invest latest breaking news on crowdfunding, complete collection of financial headlines, and other related articles.
Private crowdfunding and the model of cooperation between fintech and bank
Roberto Ferrari, president of ClubDealOline (former general manager of CheBanca!, Mediobanca group, and former chief digital and innovation officer of Mediobanca), said that the good result of the operation is “a further confirmation of the soundness of the model that I prefer to call private crowdfunding, more generally of the importance of equity crowdfunding in Italy, a country of high liquidity but low conversion between savings and investments. As with the recent entry of Intesa Sanpaolo with the investment of Neva Finventures in BacktoWork (in June 2019), we are demonstrating that the model of cooperation between fintech and bank can work.”
Luca Rossettini, CEO and founder of D-Orbit, explained: “We have chosen to collaborate with the ClubDealOnline platform for part of the collection of an investment round that we have just completed. Through this collaboration, we had the opportunity to access an audience of investors and to meet them one by one. We are extremely satisfied with the results achieved, exceeding expectations, and above all with the professionalism, attention, and skills of the ClubDealOnline team.”
Fabio Blandino, managing director of ClubDealOnline, commented: “The success of the collection round for D-Orbit shows that there is room for a private crowdfunding initiative dedicated to high-end investors eager to access a selection of scaleups on which to diversify their assets.”
D-Orbit specializes in space logistics, transportation, and in-orbit release of small satellites
D-Orbit is a company specialized in space logistics and deals with the transportation and fast in-orbit release of small satellites within the life cycle of a space mission, including mission analysis and design, engineering, manufacturing, integration, testing, launching, and end-of-life removal. The company was founded in 2011 by Luca Rossettini and Renato Panesi.
Based in Fino Mornasco (Como), it is active in the space economy sector, where it offers “space logistics” services: orbital transport and in-orbit services to allow satellites, small and medium, to function better. “We were the first to propose concrete solutions to eliminate the problem of space garbage, and today we are the first to offer orbital taxi services to new commercial satellite operators who are launching more and more satellites, and experimenting with business models that no longer fit the traditional space launch model,” explained Rossettini. The company closed 2018 with revenues of $4.55 million (€4 million).
$2.3 million grant from the European Commission
Last December, D-Orbit closed a financing round, led by Seraphim Capital, the world’s largest venture capital fund dedicated to investments in New Space companies. The round, whose size was not revealed, was also underwritten by Noosphere Ventures, the first American investor of D-Orbit, Invitalia Ventures, Indaco SGR, Elysia Capital and Nova Capital.
In December 2015, D-Orbit received a $2.3 million (€2 million) grant from the European Commission under the Horizon 2020-SME Instrument program. The previous round dates back to October 2015, when the startup had raised $2.1 million (€1.83 million) by issuing participatory financial instruments, of which $1.5 million (€1.3 million) were from the Investors’ Club, while the rest was subscribed by a group of entrepreneurs from the Como area (for $259,480 (€230,000) and two funds already shareholders of D-Orbit, namely TTVenture (Indaco SGR) and Como Venture, which in December 2014 had subscribed a capital increase of $2.5 million (€2.2 million).
$1.5 million loan from Unicredit
In addition to the 2015 round, there was also a $1.5 million (€1.2 million) loan from Unicredit through the Central Guarantee Fund for innovative start-ups, so that D-Orbit was able to raise over $3.4 million (€3 million) in a few weeks. Before that, at the beginning of 2014, the startup had collected a grant offered by Caixa Capital and then opened the subsidiary D-Orbit PT in Lisbon. In 2012, again TTVenture and Como Venture, together with 3LB Seed Capital had signed a $2,1 million (€1.9 million) round, while in 2011 TTVenture had invested $338,430 (€300,000) in the first round.
In January 2019 ClubDealOnline, in turn, collected a round of Serie A from Portobello spa, a media & advertising company listed on Aim Italia. Portobello subscribed to the first part of the capital increase and then joined the same founder Antonio Chiarello (who previously had 60%), the accelerator i-Starter (who had 20%) and the managing director of i-Starter, Simone Cimminelli, who had another 20%.
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 BeBeez, 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.
International fintech companies Cred and Responsive enter Nexi Open
Cred is a financial technology company based in Tel Aviv and operating in the United States and Western Europe. The...
BHV Partners plans to triple its portfolio and create an investment fund in 2021
BHV Partners, a venture builder specialized in the health sector is looking to invest in up to 15 companies next...
The Colombian Senate approves the legalization of recreational cannabis
The Colombian Senate approved the first initiative to regulate the use of cannabis by adults and paves the way for...
Endesa and Parkia join forces to install electric recharging points
Endesa hopes to close the year with 8,000 recharge points installed in Spain, both public and private, and multiply them...
Caldas Gold, the company that exploits the legendary Marmato gold mine
The company Caldas Gold will take the name Aris Gold, as recently announced, after initiating financing with investors, which will...
Featured6 days ago
Naturgy and Eni to share Union Fenosa Gas and seek to solve the dispute with Egypt
Featured5 days ago
How are ESG company news deciphered with Artificial Intelligence
Business6 days ago
How to identify customer tastes? Wine innovation may hold the key.
Africa6 days ago
A budget of 123.5 billion francs for construction work on Bugesera Airport