IH1, the equity holding company launched by the Turin-based startup studio Mamazen, closed the funding round opened in early 2022, reaching €3.65 million.
The first closing had been announced a year ago at €1.65 million, to which €750,000 raised earlier by Mamazen itself was added. The proceeds of the deal will be used precisely to invest in the new startups created by Mamazen.
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The first closing of the round had also seen the entry of the first international investor, the Colombian fund Asiri, which thus intervened in the European market for the first time
In the second phase of the deal, Giancarlo Russo (former founder of Neutrino, sold to Coinbase in 2019 and currently co-CEO of Aelium), Luca Russo and Giuseppe Tempio, founders of Alterego, Alessandro Molina, who is currently in charge of the management of the DB team distributed between the United States and Europe of Crunch.io, the technical management of Movieday. it and of AXANT.it, Luca Garavello, private Wealth advisor at Goldman Sachs, Alberto D’Agnano, CEO of Ippolita, Mauro Maltagliati, former founder of CornerJob with an exit in 2019 and currently a partner at Your Digital, and Simone Cornelio, head of marketing analytics at Bakeca.it. Anna Maria Siccardi then increases her stake.
Farhad Alessandro Mohammadi, CEO and co-founder of Mamazen, said, “We are very proud of the work we are doing and the fact that more and more investors are choosing to focus on IH1. Our goal is to bring products and services to the market that truly address needs. In fact, thanks to its validated creation process, the Startup Studio mitigates the risk of failure of a startup, reducing it from 86 percent to 40 percent, and halves the time it takes to reach exit from 8 to 4.3 years.”
Founded in 2021, IH1 has set a goal of raising €10 million in five years, including €3 million in Mamazen and the rest for the startups it will launch
The most recent are Pelomatto for home grooming and Parrucchierefacile.it. In recent months, it had invested €250,000 in Morsy, a startup for employee meals, and in December, €150,000 in proptech Inpoi, an online real estate valuation platform that supports both agencies and property owners.
IH1 is led by Alessandro Farhad Mohammadi, CEO of Mamazen Startup Studio; Alessandro Mina, former investor and chief brand officer of Pony Zero, of which Mohammadi is a co-founder; and Alexandre Campra, managing director of Sidinvest Group. The team consists of entrepreneurs with decades of experience who already have an exit behind them and experienced investors.
As for Mamazen, it was founded in 2018 again by Farhad Alessandro Mohammadie still constitutes a special and almost unique model of creating and launching startups to create sustainable businesses that can have a long-term employment impact.
An investment model, imported to Italy from the United States, namely the Dual Entity Model has, among its advantages, the merit of aligning the interests between the firm, holding company, and investors, yet separating the firm from the holding into two independent entities. Mohammadi is also a business angel, a member of the Investors Club, and serves on the board of Studiohub.
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.
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