Connect with us

Crowdfunding

Innovative-RFK Investment Holding Company Surpasses 4.5M Raised on Mamacrowd

Founded in 2017 and listed on Euronext Access Paris, innovative-RFK is an investment holding company that mainly invests in startups and innovative SMEs in the growth and consolidation phase (Growth Capital), with the aim of increasing their value through internationalization and expansion activities in markets, M&A and possibly IPOs. To date, the holding company has invested about $10.7 million (€10.5 million) in 10 companies.

Published

on

Mamacrowd, among Italy’s largest equity crowdfunding platforms, has reached the highest funding target to date in its history. Innovative-RFK’s campaign, which is still ongoing, has in fact exceeded $4.6 million (€4.5 million), thanks also to investments totaling $3.06 million (€3 million) from the AZIMUT ELTIF – Venture Capital ALIcrowd II fund. The campaign, which was launched only at the end of May, is thus on its way to reaching the maximum fundraising goal of $5.1 million (€5 million).

The holding company had already successfully concluded two equity crowdfunding rounds: in 2019 on Crowdfundme with a collection of $2.55 million (€2.5 million) and in 2021 on Opstart with a collection of $693,000 (€680,000), aimed at listing on Euronext.

Dario Giudici, Ceo of Mamacrowd explained, “We are proud of this milestone achieved, especially because it comes after difficult years for everyone characterized by the pandemic. This campaign is the result of synergistic work between Mamacrowd, Azimut, and the community of investors – institutional and non-institutional – that we have built over the last few years and who have recognized in the i-RFK project a winning business model and a prepared team. But it also represents an example of how the equity crowdfunding tool is increasingly crucial in raising capital for the country’s SMEs and startups.”

Antonello Carlucci, CEO of Innovative-RFK, commented, “We are very pleased with how the campaign is going and we thank Mamacrowd for giving us access, not only to the community of investors but also to the AZIMUT ELTIF – Venture Capital ALIcrowd II fund. With the realized raise we will further strengthen our investments in the growth-capital phase to support the growth and innovation of Italian SMEs, through internationalization paths, inorganic growth, and eventually IPOs.”

SEE ALSO  Bridge construction and repairs to drive contracting opportunities in the US this year

Guido Bocchio, Head of Venture Capital Azimut Libera Impresa SGR, commented, “A very ambitious goal has been achieved. The investments, so important both in number and amount, made through the Mamacrowd platform, are further confirmation of the trust placed through ALIcrowd II in the project and the team.”

Read more on the subject and find the latest financial news of the day with our companion app Born2Invest.

About i-RFK

Founded in 2017 and listed on Euronext Access Paris, innovative-RFK is an investment holding company that mainly invests in startups and innovative SMEs in the growth and consolidation phase (Growth Capital), with the aim of increasing their value through internationalization and expansion activities in markets, M&A and possibly IPOs.

To date, the holding company has invested about $10.7 million (€10.5 million) in 10 companies (one of which is listed on Euronext Growth Milan) that generated aggregate revenues of $59 million (€58 million) and EBITDA of about $9.2 million (€9 million) at the end of 2021, employing more than 300 people. At the end of 2021, Innovative-RFK generated a return of more than 50 percent of capital from listing (January 2020), with a price of $1.83 (€1.80) and a capitalization of about $18.3 million (€18 million) compared to the $10.7 million (€10.5 million) invested.

__

(Featured image by stevepb via Pixabay)

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.

Anthony Donaghue writes about science and technology. Keeping abreast of the latest tech developments in various sectors, he has a keen interest on startups, especially inside and outside of Silicon Valley. From time to time, he also covers agritech and biotech, as well as consumer electronics, IT, AI, and fintech, among others. He has also written about IPOs, cannabis, and investing.