The Italian startup incubator and pre-accelerator Grownnectia (formerly Connectia) overfunded 270% in its campaign on the Italian equity crowdfunding portal BacktoWork, raising $326,000 (€270,000) from 62 investors. The campaign has a minimum target of $120,000 (€100,000) and a maximum of $604,500 (€500,000), in addition to a minimum investment threshold of $302,000 (€250,000) and a pre-money valuation of the company of about $7.5 million (€6.2 million).
The proceeds of the collection will be used for Grownnectia’s development in Italy and Europe. Grownnectia is in fact preparing to launch 5 new incubators in Italy, which will open by 2021: Florence, Genoa, Milan, Brescia, and Pescara.
Another company that aims to help startups take off the ground is the incubator/accelerator Uniqorn. Based in the beautiful French town of Sarlat-la-Canéda, the startup incubator offers companies everything they need to thrive.
If you want to find more details about Grownnectia and Uniqorn, and to read the most important business headlines, download for free the Born2Invest mobile app.
Grownnectia is a consulting and business growth company dedicated to startups that are mainly in the early stages (pre-seed)
The company Grownnectia works to support startups in the first phase of business model construction, helping them in the validation phase, in the definition of growth strategies, and in the optimization of traction through exclusive and innovative programs. In the last year and a half, the company has supported more than 300 startups, building a network of nationally renowned mentors, coaches, and advisors.
Among these innovative realities, more than 70 have been incubated, 5 have entered Grownnectia’s portfolio and one has also reached the exit after only one year from the foundation (iRealtors, PropTech’s leading app). Grownnectia has developed an innovative, scalable and replicable model to support and accompany the startups in their paths, starting from the business idea to the market launch in just 6 months.
Last May, on the occasion of the opening of 5 new offices in Italy, Massimo Ciaglia, founder of Grownnectia, announced his intention to open his own equity crowdfunding platform and to launch a SIS: “The equity crowdfunding platform that we will open soon will be the first Italian platform in the preseed field. Here we will collect the first capital needed to launch start-up ideas with micro seed of about 50 thousand euro. Together with the platform will operate a simple investment company, currently being established, which will operate as lead investor, together with the crowd platform and on which we have a first target of raising $6 million (€5 million).”
The Milanese entrepreneur Marco Bacini, one of the first to decide to invest in Grownnectia, involved in the project names of the caliber of Luigi Foscale, Paolo Cabassi, Francesco Osti (former president of Comprital spa), Giacomo Bruno (Giacomo Bruno Editore), Alessandro Cianciaruso (ceo SEAS South East Aviation Services), Alessandro Vergano (ceo Kampos), Francesco D’Alessandro (ceo Fly Free Airways) just to name a few. The CEO of Grownnectia, Massimo Ciaglia, is a successful startupper with an important exit behind him; over the years, he has started many ICT startups both in Italy and abroad, becoming a serial entrepreneur.
“In a difficult moment for the economy of our country like the current one, I believe it is necessary to invest in Italian companies, focusing on the central theme of innovation. And on this theme I was able to involve a group of entrepreneurial friends of the highest profile, who immediately decided to intervene and invest in Grownnectia,” explained Bacini.
Grownnectia together with Digital Hub (a certified business accelerator specialized in the development of business skills and management of native digital startups) and Polo Tecnologico Navacchio organized in September 2020 the Talent of Innovation: a competition to promote the creation of new business and encourage the development of innovative business ideas. The event ended last November with the victory of Tocket, a startup that offers an innovative digital ticketing system based on blockchain.
The startup won 6 months of physical incubation. In second place, on equal terms, two ideas related to the world of animals: Trip For Dog “the 4-legged travel guide”, marketplace for dog-friendly activities and experiences; Joppys, digital platform with the aim of connecting all services related to pets. The latter also won the special prize of Digital Hub. The two startups won the prize of 4 months of virtual incubation.
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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