Gellify and Azimut invest in B2B accelerator Startupbootcamp FashionTech

Startupbootcamp FashionTech, a B2B accelerator in the FashionTech space, has cashed an investment round from Italian B2B innovation platform Gellify and Azimut DigiTech Fund.

The vehicle, managed by Azimut Libera Impresa sgr, specializes in investments in software producers for B2B business and was launched in June 2020 in partnership with Gellify, in which Azimut had invested in October 2019 as lead investor of a $17.7 million (€15 million) round. Recall that Azimut Digitech Fund and Gellify last week had also entered the capital of Surge, a SaaS-type software that enables the first collaborative data management based on blockchain.

If you want to find more details about the Startupbootcamp as well as read the latest business news about another promising startup accelerator, the StartupSupercup, download for free the Born2Invest mobile app.

Innovative companies in the fashion sector are targeted by Startupbootcamp FashionTech

Returning to Startupbootcamp FashionTech, this is the first vertical acceleration program for the fashion and textile sector launched precisely by Startupbootcamp, one of the largest startup accelerators in the world active in various sectors, including financial services, energy, health, media, commerce, with 15 hubs present on all continents, a total of 20,000 annual applications and a portfolio of investments in over 1,000 companies. 

Based in Milan, the program will run for 3 years and accelerate 30 high-potential startups from around the world to facilitate their meeting and doing business with leaders in the fashion and textile industries. The path will be carried out in collaboration with the biggest companies in the fashion world, an international network of academic and private accelerators, and a global network of mentors and investors who will support the startups and help them in their commercial and financial development.

Gellify had already been partnering with Startupbootcamp FashionTech for about a year to support the accelerator in researching and analyzing B2B technology startups and providing a viable response to the fashion and textile industry’s pressing need for increasingly efficient and sustainable sourcing and production. By investing in the accelerator, Gellify and Azimut Libera Impresa sgr will indirectly obtain stakes in the accelerated companies focused on B2B applied to the fashion industry and will start operating in a new sector compared to those in which they are already active.

Lucia Chierchia, managing partner of Gellify, commented: “The partnership between Gellify and Startupbootcamp FashionTech aims to identify and accelerate innovative startups for the textile sector, with a focus on manufacturing that gives new attention to sustainability.Innovative startups offer new technologies and business models that allow us to redesign the textile economy based on the principles of the circular economy. This transformation requires system-wide change and therefore unprecedented engagement, collaboration and innovation. We are partnering with a globally recognized vertical accelerator precisely to bring our digital expertise to B2B and turn the textile industry around.”

Alceo Rapagna, ceo of Startupbootcamp Italy, added: “Gellify’s experience in B2B and Industry 4.0 technologies complements our focus on digital and sustainability, for a joint offer of unprecedented innovation for both startups and fashion companies.”

__

(Featured image by 401(K) 2012 CC BY 2.0 via Flickr)

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.