Intesa Sanpaolo Enters Radoff’s Capital

Intesa Sanpaolo enters the capital of Radoff, an Italian company specialized in IoT technologies for indoor air quality, with offices in Bologna, Romagna and Sardinia.

With an equity investment, Intesa Sanpaolo has now become a partner of the scaleup at 3.75%, thus supporting the growth of the PMI and its consolidation on the reference markets in Italy, Europe and North America by supporting the theme of health and technology at the service of people’s well-being.

Radoff was also supported by Intesa Sanpaolo Innovation Center

The investment confirms Intesa Sanpaolo’s support for Radoff’s development plans at the conclusion of the Convertibile Impresa, granted at the time to the innovative start-up that was already operating in a venture capital context and which provided for the possibility of increasing its share capital and the entry of new partners.

Furthermore, the operation denotes the bank’s attention to new healthier and more sustainable lifestyle models, which focus on people’s well-being in the home and work environment. Radoff was also supported by Intesa Sanpaolo Innovation Center, a group company dedicated to frontier innovation and a center of expertise on the circular economy, for an open innovation path with other Italian companies.

Radoff provides companies and institutions with an ecosystem of interconnected, customizable, easily scalable physical and digital tools that adapt to all types of buildings and different business needs. Since 2018, its mission has been to fight indoor pollutants (such as Radon, a grade 1 carcinogenic gas, the second leading cause of cancer in the world according to WHO data), strengthening awareness of the importance of air quality in everyday spaces, from schools to workplaces and even homes.

“We are convinced that whatever project we want to realize, whatever idea we have, whatever path we want to take, there is nothing we can do alone. For this reason, Intesa Sanpaolo’s investment is very significant for us because it contributes to the creation of a less polluted world where people’s health comes first, even in indoor spaces,” said Domenico Cassitta , CEO of Radoff.

“With this agreement, a journey that began a few years ago and continued in the name of collaboration comes to an end. Intesa Sanpaolo has recognized Radoff as a valuable ally also with regard to improving the working conditions of its employees and monitoring the air quality in its branches.”

The devices created by Radoff, however, fight indoor pollution at 360 degrees and offer effective action even against other pollutants such as fine dust : a great danger to health, responsible in Italy alone for about 70 thousand deaths per year. The technology created by Radoff is certified by ENEA (National Agency for New Technologies, Energy and Sustainable Economic Development) and is protected by 34 patents issued throughout the world.

“Intesa Sanpaolo has always been committed to supporting new projects and especially those with a high innovation content, of which Radoff is an example,” commented Pierluigi Monceri , Regional Director of Milan, Monza and Brianza Intesa Sanpaolo, “It is essential to support the growth of startups by facilitating their access to investors, client companies and banking products and services, an objective that the group also pursues through its Up2Stars valorization program . It is no coincidence that to date approximately 32% of startups and over 50% of innovative Italian SMEs have seized the opportunities, including non-financial ones, that we are able to offer.”

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(Featured image by Jose A. CC BY 2.0 via Flickr)

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