Cesynt Advanced Solutions, an Italian company active in the distance learning market, was listed on Euronext Access+ with a listing ceremony on Monday, November 23rd. In the transaction, the company was assisted by Dwf. Pairstech Capital Management acted as listing sponsor of the operation.
If you want to find more details about Cesynt and to read the latest market updates, download for free the Born2Invest mobile app. Our companion app is available for free, for both Android and iOS devices, and brings you the most important financial headlines from around the world so you can stay informed.
An equity crowdfunding campaign raised $1.19 million
The listing of Cesynt follows the closing in December 2019, with a collection of over $1.19 million (€1 million), of an equity crowdfunding campaign on the Italian portal Opstart, aimed at financing the software dedicated to the management of iSkilled e-learning platforms. The campaign had reached in a few hours the minimum target of $297,000 (€250,000).
Among the investors in Cesynt, also includes the Italian investment company in startups and innovative SMEs Innovative-RFK. The funds raised with the campaign will be used to further develop its digital technologies, enhance the company’s marketing and sales and enter into new business agreements, including with foreign countries.
With the listing on Euronext, Cesynt was, therefore, able to realize the crowdlisting announced at the end of June. Crowdlisting is a medium-term path dedicated to SMEs, which combines the tool of collection with equity crowdfunding and private placement. The aim is to replicate a real quotation, at costs and timing enormously lower than traditional quotations.
“The listing operation projects into a wider area, which becomes both an objective and a springboard for future technical and commercial developments”, commented Cesynt’s founder, Armando Miele.
The first company in Italy to distribute dividend to shareholders after an equity crowdfunding campaign
Founded in 2010, Cesynt had already conducted a first equity crowdfunding campaign on Opstart in June 2018, collecting $297,000 (€250,000), following which the company distributed a dividend of about $59,400 (€50,000), equal to 20% of what was collected on the platform. It was the first time in Italy that a company that conducted an equity crowdfunding campaign distributed a dividend to shareholders. The company, based in Oria (Taranto), manages a portal for the mandatory updating of professionals and has developed iSkilled.
The latter is an economic LMS (Learning Management System) that allows to publish online courses, video-courses and useful materials for internal and external professional training. Thanks to the platform, the customer can create his e-learning site, developing the contents and producing the relevant certificates. It can also manage the network of affiliates directly from the portal, monitoring the results directly from the system. The e-learning platform iSkilled boasts over 45 thousand active users, more than 1,000 courses and a turnover doubled in 2018. It also aims to expand to international markets with the creation of iskilled.co.uk and iskilled.es, aimed at the British and Spanish markets respectively.
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 Crowdfunding buzz, 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.
European companies ahead of US in ESG ratings
Even before Directive No. 2014/95/EU on non-financial reporting went into effect in Europe, between 2011 and 2017, nearly two-thirds of...
An impressive number of fundraising campaigns to halt the pandemic were launched in Italy
Over $30.4 million (€25 million) for the Covid-19 emergency. This is how much has been raised through the main crowdfunding...
The digital transformation of the health sector must be based on innovation
Regarding the financing of these initiatives, Jorge Morillo, director of Institutional Relations and Digital Administration of SAP Spain, spoke about...
Agriculture: the Spanish sector fears its Moroccan rival
Spanish producers accuse the new food chain protection project of benefiting Morocco's agricultural export sector. According to their prognosis, Moroccan...
How to legally start a cannabis business
Starting up a business creating and selling cannabis supplies or related products can be a highly lucrative endeavor, but there...
Crypto7 days ago
Next bitcoin price rally brewing due to stablecoin inflows on exchanges
Featured6 days ago
Tages acquires 28 photovoltaic plants in Italy from Viridis and Equiter
Cannabis4 days ago
Luxembourg might soon legalize recreational cannabis
Business5 days ago
Why markets and the economy continue to rattle on