Ten Months of Venture Capital Here's Who Invests in Italy’S Startups

November 2019

Ten months of venture capital Here's who invests in Italy’s startups

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 The activity of venture capital investors is increasingly effervescent in Italy, although the numbers are still small. What is striking, however, is the rate of growth in the number of deals and above all the fact that we are starting to see numerous scaleups, i.e. startups that are growing and attracting increasing volumes of investments. From the beginning of the year to Friday, November 8, BeBeez Private Data (the BeBeez database available as a subscription, click here for information and an upgrade of your BeBeez News Premium subscription) calculated that 199 startups and scaleups closed venture rounds for a total of 528.6 million euros. The figure also includes money raised thanks to equity crowdfunding campaigns. Infact, according to data from CrowdfundingBuzz (the information platform published as BeBeez by EdiBeez srl), equity From the beginning crowdfunding platforms in Italy as a whole have raised over 52 million euros since the beginning of of the year the year, of which about 13 millions went to finance real estate initiatives for a total value of 12.6 to last Nov. 8th, millions. However, BeBeez as for its venture capital report does not take into account the capital 198 startups raised for real estate projects, so the total of 528,6 million is net of real estate. The remaining 39.6 millions in equity crowdfunding, on the other hand, concerned 103 companies. In reality, however, and scaleups the bulk of the harvest on equity crowdfunding platforms was concentrated in the hands of nine announced companies that alone raised 17 million euros. At the top of that ranking are SixthContinent (3 investment rounds millions) and Italia Startup (2.66 millions), followed by Innovative RFK (2.5 millions). worth 528.6 mln euros The overall figure is therefore particularly important, if we consider that throughout 2018 Italian in Italy startups (or those founded by Italians) financed by venture capital investors, whether structured as funds or as private investor club deals, had raised a total of 510 million euros from investors, spread over 179 companies, considering also venture debt (without venture debt, 480 million euros, see here the BeBeez Venture Report 2018). Moreover, last year the overall figure was biased by the 100 million euro mega-round collected by Prima Assicurazioni and underwritten by Blackstone and Goldman Sachs. The other important data is the one relating to the total capital raised by these same startups and scaleups since the beginning of their activity. We are talking about more than 804 million euros, which is certainly a significant figure, but also shows how

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 much the investment activity of this last year alone weighs on the total. The attractiveness of our startups and scaleups is clearly growing. Having said that, several large investment rounds are worth mentioning, starting from the 62 There are million dollars of the social fashion app Depop, the 61 million dollars of the fintech company 28 companies Soldo, the 44 million euros of the co-working leader Talent Garden, the 35 million dollars of the fintech scaleup TrueLayer and the 20 million euros rised by the automobiles ecommerce who have raised platform brumbrum. At the top of the ranking of those who have raised the most in the year, at least 3 mln euros however, there is Casavo. In fact, this proptech raised 82 million euros in three rounds, of which in a single investment 27 millions in equity and 55 millions in debt. All together, the top 16 companies, selected from round. Of these, those that have announced rounds worth at least 6 millions, have raised this year a total of 389 16 have raised rounds million euros and 686.5 millions since the start of their activities. It should also be noted that there are 12 more companies that have raised rounds of at least 3 millions, for a total of 50.7 million worth at least euros, which since the beginning of their activities have received 69.2 millions from investors. 6 millions So in total we are talking about 28 companies that have raised just under 440 million euros this year in rounds worth at least 3 millions each. In all of 2018 there were 31 super-startups and scaleups based in Italy or founded by Italians who had raised rounds of at least 3 million euros for a total of over 408 million euros, but we have already seen that figure included the 100 million of the "exceptional" round of Prima Assicurazioni. Without that round, we can say that 2019 has already beaten 2018. By 2017, however, only 13 startups had collected rounds of at least 3 million for a total of 110 million euros. Finally, a certain amount of m&a activity on the financed startups should be noted. In particular, it is worth mentioning the total exit of H-Farm from Depop last January, which follows a first partial exit in January 2018, at the same time as the capital increase of Depop from 20 million dollars. The deal as a whole generated for H-Farm a return equal to 6 times the initial investment, with a total collection of 4,57 million and a capital gain of 3,78 million ( BeBeez's article).

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Then there was the acquisition of the entire capital of fintech Neutrino, the Italian platform for the analysis, investigation and identification of illegal transactions on blockchains, by the American platform for the purchase and sale of bitcoins CoinBase. Neutrino had been financed in 2017 by 360 Capital Partners, which thus held a 30% stake (see article by BeBeez). Finally, last July it was listed on the Aim Italia CleanBnB, the Italian platform leader in the management of short-term rents, which has raised in ipo, all in capital increase, 3.9 million euros, or 26.42% of post-money capital. Founders and the investors of the previous rounds - Boost Heroes, the business angels of the BacktoWork24 network and the investors who participated in the two equity crowdfunding campaigns conducted on the CrowdFundMe platforms (see BeBeez's article), were also diluting themselves.

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1

Venture capital deals on Italian companies (or founded by Italians) from 1 January to 8 November 2019 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised real estate instant Giorgio Tinacci, Simon - Greenoaks Capital (20 mln equity

Casavo 10/11/19 buying platform Specka and 30 mln debt) 50 >100 BeBeez

Casavo 30/06/19 - international venture debt fund 25 BeBeez - Project A Ventures, Picus Capital, 360 Capital Partners, Kervis Asset Management, Boost Heroes, Marco

Casavo 27/02/19 Pescarmona, Rancilio Cube 7 BeBeez Total 82 General Atlantic, HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus italian social shopping

Depop 11/06/19 Simon Beckerman Ventures, TempoCap, Sebastian 62* 105,6* BeBeez app Siemiatkowski, Red Circle Investments and Lumar Battery Ventures, Dawn Capital, Silicon multi-user expense Valley Bank, Connect Ventures, Accel, account for InReach Ventures, U-Start e R204 Partner e

Soldo 09/07/19 companies Carlo Gualandri investitori privati 61* 73 BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised StarTIP srl (TIP spa), Angelini, D'Amico, Talent networking and

12/03/19 Davide Dattoli Dompè, Drago, Foglia, Ginatta, Holland, 44 71 BeBeez Garden digital training Luti, Monti, Pittini, Rovati, Indaco Ventures, Investors Club, BeConsulting, Social Capital, Digital Magics, 500Startups, Endeavor Catalyst open banking Francesco Simoneschi Tencent Holdings and Temasek, Northzone,

TrueLayer 17/06/19 35* 46,5* BeBeez software and Luca Martinetti Connect Ventures and Anthemis Francesco Banfi, Accel, Bonsai Venture Capital, e.ventures, brumbrum 01/02/19 e-commerce car Alberto Genovese, 20 32 BeBeez United Ventures Roberto Testore platform for booking Alessandro Bruzzi,

Uala 04/06/19 beauty salons and Enzo Li Volti and Luca Immobiliare.it, Club Italia Investimenti 2 15 20 BeBeez spas Mattivi Gianluigi Casole and Alven, U-Start, Endeavor Catalys and

Freeda 10/09/19 media company Andrea Scotti Calderin Unicredit minibond of 2.5 million euro) 15 27 BeBeez Pierluigi Paracchi, Luigi Naldini, Bernhard Qianzhan Investment Management, Fidim, Genenta Gentner, San Raffaele Bromioli family, Fumagalli family, private

Science 11/09/19 biotech Hospital in Milan client club deal, Esperia bank, business angel 13,2 30 BeBeez Stanley Black & Decker, Samsung Ventures, technological Emanuele Musini and BioAdvance, Hikma Ventures, Hackensack

Pillo Health 03/06/19 platform for home 11* 12,9* BeBeez James Wyman Meridien Health System’s Innovation Center care provision Fund e Civilization Ventures FoodTech delivering Five Seasons Ventures, Indaco Ventures I, fresh food products to Marco Porcaro and Program 101, Barcamper, dPixel, Club Italia

Cortilia 18/09/19 your home Antonio Perini Investitori and Boox 8,5 17 BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised spin-off of the Milan technologies for brain Polyclinic and the Omnes Venture Capital, Innogest, Indaco

Newtronika 26/09/19 stimulation University of Milan Venture Partners sgr, F3 8,4 10,1 BeBeez short and medium Rocco Lomazzi, Indaco Venture Partners sgr, Invitalia

Sweetguest 30/04/19 term rental Edoardo Grattirola and 8 10,5 BeBeez Ventures sgr, other investors management Jacopo Vanetti purchase cash services and products online, using vending

MatiPay 11/10/19 machines Sitael (Angel Group) Neva Finventure 7 7 BeBeez Electric scooters and Helbiz 26/08/2019 car sharings Salvatore Palella various investors, investors of the ICO 7,13* 45,77* BeBeez SuperNova

Hub 05/08/19 incubator Federico Pozzi Church GC Holding 6 10 BeBeez a platform that connects supply and Marco Ogliengo and

ProntoPro 09/01/19 demand for Immobiliare.it, business angel 6 10,4 BeBeez Silvia Wang professional and artisanal work

Eggtronic 24/10/19 electrical engineering Igor Spinella Rinkelberg Capital, private investors 6,5* 13 BeBeez spin-off of the Invitalia Ventures, Italian Angels for University of Turin, Growth, Ersel, Club degli Investitori Emilio Hirsch, Alberto (through Simon Fiduciaria), ACE Venture, Kither Bardelli, Marco Kevin Elysia Capital (Buono-Lopera family),

Biotech 08/07/19 new lung therapies Malisani Moschini and other private investors 5,6 5,6 BeBeez production of olive oil with innovative Augusto Lippi, Verteq Capital, Augusto Lippi, Riccardo

ArteOlio 03/10/19 techniques Riccardo Schiatti Schiatti 5,5 5,5 BeBeez

Yapily 31/05/19 APIs to retail banks Stefano Vaccino Taavet Hinrikus, Ott Kaukver and Roberto 5,4* >5,4* BeBeez APIs Nicastro, Ithaca Investments Digital piggy bank Benedetta Arese that automatically Lucini, Claudio Bedino, Eurizon sgr, Neva Finventures, CrowdCube invests small amounts Edoardo Benedetto, crowd, Intesa SanPaolo, b-ventures, Bertoldi

Oval Money 28/10/19 of money Simone Marzola Holding, Boost Heroes and business angel 4,64 11,34 BeBeez italian digital native P101, Milano Investment Partners and brand of high-end Andrea di Camillo and private investors, Club Digitale, Boox, Club

Velasca 24/09/19 men's footwear Marco Magnocavallo Italia Investimenti 2 4,5 7,845 BeBeez matching of investors Bassi family, Fabio with SMEs and BackToWork Bancalà and other

27/06/19 startups, Neva Finventures, former investors Equinvest 4 >5,2 BeBeez 24 former members crowdfunding equity Equinvest platform website for booking

Dottori.it 04/06/19 Silvio Pagliani Immobiliare.it 3,5 >3,5 BeBeez medical examinations Sixth social e-commerce Fabrizio Politi together

Continent 05/09/19 platform with Francesca Roveda crowd of 200Crowd 3,44 3 BeBeez Boom Federico Mattia Dolci

Imagestudio 18/09/19 photo editing and Giacomo Grattirola projected investors and family office 3 3,5 BeBeez Italian brand of Giuliano Ragazzi and Milan Investment Partners sgr, other

La Passione 28/05/19 cycling sports 3 >3 BeBeez Yurika Marchetti investors clothing hybrid real estate business angel coordinated by Sarona

RockAgent 26/06/19 Daniel Debash 3 >3 BeBeez agency Partners 365x

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised David Casalini, Luca Italian community Librenti, Marco dedicated to founders Montemagno, Paolo

Startup Italia 03/04/19 Mamacrowd Crowd 2,66 >2,66 BeBeez and investors of Barberis, Alessandro startups Sordi and Iacopo Marello international network Chiara Russo and Mara Invitalia Ventures sgr, Barcamper Ventures

Codemotion 17/06/19 of software 2,5 4 BeBeez Marzocchi and Barcamper Ventures Lazio developers MySecret 31/07//201 strategic private investors, R301 Capital, B

online sale of sex toys Norma Rossetti 2,5 3,7 BeBeez Case 9 Heroes, Italian and international business angels Paolo Pescetto, investment companies Massimo Laccisaglia in innovative start-ups and Andrea Rossotti,

i-RFK 26/09/19 and SMEs private investors crowd of CrowdFundMe 2,5 9 BeBeez Emiliano Biasini and Pietro Faccioli, spin-off of INFN of the University of Perugia Sibylla and the University of

Biotech 16/10/19 biotech Trento Vertis Venture 3 Technology Transfer 2,4 2,4 BeBeez sports crowdfuding Fausto Zanetton and

Tifosy 24/06/19 Tifosy's Crowd 2** 3,325* BeBeez platform Gianluca Vialli Pordenone

25/06/19 soccer team Mauro Lovisa crowd of TheBestEquity 2,16 2,16 BeBeez Calcio Yuri Grassi, Emanuele Regency Corporate, Barcamper Ventures

Evensi 25/02/19 promotion of events Corradini, Andrea 2,12 >2,2 BeBeez (Primomiglio sgr) Pelleschi

Nuvap 20/02/19 Marco Magnarosa na 2 3,14 BeBeez monitoring systems innovative and Green Energy

20/03/19 organic energy Skyres (Pinto family) Mamacrowd Crowd 2,15 >3 BeBeez Storage storage system transforms non- Filippo Ferraris, residential buildings, Giuseppe Giordano, Gellify, Controlli, Iren and Boost Heroes,

Enerbrain 23/04/19 which waste energy, 2 >2,5 BeBeez Marco Martellacci, I3P, Fondazione Sviluppo e Crescita CRT into smarter and more Francesca Freyra sustainable structures real estate agency

Dove.it 15/04/19 Paolo Facchetti business angel and private investors 2 2 BeBeez online-only Fabrizio Perrone and Vertis sgr, StarTip, Digital Magics, founders

Buzzoole 02/11/19 influencer marketing Gennaro Varriale and employees 2 11,28 BeBeez fresh ingredients, semi-finished Andrea Cova and

Soul K 03/06/19 IPGest and Tan Food 1,6 4,6 BeBeez products and ready Matteo Minardi meals in vitro diagnostics to Daniela Uberti and

Diadem 07/01/19 identify Alzheimer's Panakès Partners 1,5 >1,5 BeBeez Maurizio Memo disease e-commerce platform Mario Parteli and Luca venture capital and business angels,

Abiby 08/05/19 1,5 >1,5 BeBeez of the beauty industry Della Croce including Alberto Genovese training solutions Life Based based on the life Opes-Lcef Foundation (Elena Casolari), Mpa Value based learning Riccarda Zezza and Education, Impact Ventures, crowd di

(Maam) 15/07/19 method Andrea Vitullo mamacrowd, business angel 1,5 1,5 BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised Digital Magics, Investors' Club, Mega Holding, Futuro Investimenti, Embed Capital, Metrica Ventures, Wonder, Epta, Andrea Dusi, Thomas Magnani Giorgio Ponticelli, Embed Capital, Pariter

FrescoFrigo 12/07/19 Vending machines and Henry Pandian Partners, Metrica Ventures, Pyramid 0,26 1,96 BeBeez

FrescoFrigo 14/05/19 1,2 BeBeez Totale 1,46 Alia treatment of genentic

09/04/19 Anna Cereseto BiovelocITA, Trentino Invest 1,3 >1,3 BeBeez Therapeutics diseases club deal of investors organized by Maider, Massimiliano Curto, business angel, family office, Grimmer, platform for booking spin-off of the Simon Fiduciaria, WeTrust (total 600k euro)

WeTaxi 29/07/19 and sharing taxis Polytechnic of Turin and Mediocredito Italiano (line of 700k euro) 1,3 1,3 BeBeez e-commerce platform Francesco Magro and

Winelivery 14/01/19 Crowd of CrowdFundMe 1,215 1,765 BeBeez dedicated to wine Andrea Antinori design products for Stefano Bossi and

Banale 25/09/19 travelers Tommaso Puccioni Nuvolab and Banco Bpm (credit line) 1,2 >1,2 BeBeez Italian digital native brand of men's Carlo Battaglino and

LireCento 03/10/19 trousers Luca Labbadini Global Founders Capital 1,2 1,2 BeBeez Italian web tv channel Andrea Navone, Luca Chef in dedicated to the world Palomba and Nicolò

Camicia 01/10/19 of cooking Zambello Mega Holding, Maider srl 1,2 1,35 BeBeez the first Italian digital Angel Mason and Carlo

SkinLabo 25/09/19 cosmetics brand Tafuri Investor Club and business angels 1,15 2,3 BeBeez

Kippu 15/10/19 IoT tracker for pets Marco Brunetti crowd of Mamacrowd 1,14 1,14 Buzz Christian Padovan,

Wash Out 13/02/19 car wash at home Andrea Galassi, Telepass and other investors 1 1,65 BeBeez Alessandro Morlin production and distribution at home My Cooking Chiara Rota, Francesca cameo crowd of Mamacrowd, crowd di

26/02/19 of boxes with 1 1,12 BeBeez Box Pezzotta CrowdFundMe ingredients for making Italian dishes Mamacrowd Crowd, Investors' Club, Alessandro Ambrosio LVenture Group, Accelerators' Clubs, Boost

EpiCura 12/06/19 digital clinic 1 0,1 BeBeez and Gianluca Manitto Heroes, Enrico Castellani, Foundamenta#3, Stefano Peroncini platform that Antonio Assereto, Proximity Capital and developed the Luiss Alumni 4 Growth, LVenture Group,

Whosnapps 07/06/19 Enrico Scianaro 1 2,915 BeBeez insurtech platform business angel of Angel Partner Group and the Insoore Investors' Club of Turin Collections and Claudio Cubito and the Crowd of 200Crowd, SisalPay, business wedding lists on the cto Domingo Sarmiento angel, Digital Magics, Club degli Investitori,

GrowishPay 05/07/19 web Lupo Banca Sella holding company, R301 Capital 1 2,31 BeBeez platform for the provision of health Barcamper Venture and Bacamper Venture Stefano Ronchi services through a Lazio, Invitalia Smart&Start

VIS 08/11/19 network of facilities 1 >1 BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised Italian social insurance that reimburses virtuous policyholders a crowd of 200Crowd (500k euro), Invitalia portion of the policy Smart& Start (508k euro) and Banco Bom

Axieme 29/08/19 price Edoardo Monaco (120k euro line), Magic Wand 1 >1 BeBeez platform that aggregates all current crowd of 200 Crowd (500k euro) and accounts and services Stefano Musso and Invitalia Smart&Start (540k euro), private

Utego 02/07/19 into a single view Paolo Patruno investments 1 >1 BeBeez facilitates co- GreenEnergy investment in the Johnny Lodo, Carlo Crowd Sharing (Ges purchase of renewable Alfano, Alessandro Funding

Site Zero) 21/06/19 energy plants Lerro crowd of OpStart 1 1 Buzz real estate crowdfunding equity Lago spa, private investors, Trentino Invest,

Walliance 12/09/19 platform Bertoldi Holding MAK group 1 1,75 BeBeez meteorological data collection thanks to an innovative technique Paola Allamano, Paolo to measure the Cagnavero and Alberto

Waterview 03/10/19 intensity of the rain Croci Progress Tech Transfer and Liftt, I3P 0,87 1,345 BeBeez Gabriele Sorrento, A11 Venture, Invitalia Ventures, Vive division design cad in virtual

Mindesk 18/03/19 Sergio Giorgio, Vittorio of HTC, Barcamper Ventures (Primomiglio 0,8 1,37 BeBeez reality Bava sgr)

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised Italian community to Michele Cesario, participate in parties Daniele Chierchia, and dinners between Federico Santaroni and

Comehome 25/10/19 strangers Andrea Vitale IAG, crowd of Backtowork24, I3P, TechItalia 0,8 0,8 BeBeez makes the creation of an e-commerce site accessible to all to sell Carlo Tafuri, Luca Letsell

21/05/19 a wide range of Ferrero and Michele foreign investors, Brandsdistribution.com 0,75 >0,75 BeBeez (B4D srl) products to their Contrini community of contacts Italian platform that combines professionals and Biagio Bartoli and Over Venture, Wylab and Mamacrowd

SportClubby 21/10/19 sportsmen Stefano De Amici crowds 0,72 0,72 BeBeez automated self check- in and check-out for apartments, holiday homes, B&Bs,

Keesy 15/07/19 residences Patrizio Donnini crowd of Mamacrowd 0,68 0,68 BeBeez Alessandro Cillario, Barcamper Ventures, Primomiglio sgr, Stefano Onofri, Marco Nicolò Manaresi, Alessandro Fiorentino,

Cubbit 01/04/18 distributed cloud 0,65 >0,65 BeBeez Moschettini, Lorenzo Barclays, Techstars, crowd of Kickstarter, Posani Legacoop Bologna App that issues meal Gellify and other investors, Riccardo Bruno, vouchers and allows Micaela Illy, Olivia Maria Elena Cappello, Boost Heroes,

EatsReady 27/06/19 you to order and pay Burgio and Luciano de 0,65 1,85 BeBeez Copernion, Davide Corradi, Francesco online from Franco Signoretti, SAF Venture restaurants

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised Vito Pertrone, Lorenzo Cross Border Growth Capital, Fabio italian fashion e-

Yocabe 10/06/19 Ciglioni and Andrea Mondini de Focatiis, Marco Ariello, 0,6 >0,6 BeBeez commerce platform Mariotti Donatella Paschina and David Roche Automatic solution employees of the company, Enrico Castellani Ermes that protects and Angelo Italiano (total 200k euro) and Cybersecurit companies from cyber spin-off of the Invitalia Smart&Start (400k euro), I3P,

y 08/07/19 attacks Polytechnic of Turin crowd of Mamacrowd 0,6 0,89 BeBeez app for laundry and Pierantonio Guiglia,

Stirapp 22/03/19 dyeing services Services Italy 0,55 >0,55 BeBeez Paolo Gavazza management Nicola Palmieri, Mario Mamacrowd Crowd, Nana Bianca, Marco

Docety 01/08/19 e-learning platform Palladino and Michele 0,54 0,54 BeBeez Montemagno, 3Labs srl Forlante Salvatore Cobuzio, Crowd of Mamacrowd and other private Martha's e-commerce products Simona Canto, Laura

08/02/19 investors, Withfounders, Capital B!, Borealis 0,52 1,28 BeBeez Cottage for weddings Bevelacqua and Tiziana Tech Ventures Mendolia production of Emiliano and Edoardo Corniola family office, business angels and

Deed 12/04/19 0,5 >0,5 BeBeez wearable devices Parini private investors specialized in startup and IT a video content platform that connects Luca Argentero and

MyVisto.it 29/01/19 Investor Club 0,5 >0,5 BeBeez brands to video Paolo Tenna makers platform that aggregates all current Stefano Musso and Utego 02/07/19 Crowd of 200Crowd, other investors 0,5 >0,5 accounts and services Paolo Patruno into a single view

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1

Total Last Last Company Type of activity Founders Investors** capital Article round date round raised platform to exchange of trade credits club deal of private investors organized by

In-Lire 27/08/19 between companies Romi Fuke BeMyCompany 0,5 0,5 BeBeez Fulvio Gianetti, Lorenzo Magnarelli, startup that helps Marco D'Amore, hotels sell their rooms Riccardo Pirozzi,

Lybra.Tech 02/07/19 at the best price Stefano Sciamanna LVenture Group, IAG, Pi Campus 0,5 0,5 BeBeez Matteo Venturelli, Simone Barbolini, social network Marcello Maletti,

Spiiky 24/07/19 coupons Matteo Manelli A11 Ventures 0,47 0,47 BeBeez Stefano Guerrieri, LVenture Group, Barcamper Ventures modular furnishing

PlayWood 27/02/19 Carlotta Nizzoli, Mirco (Primomiglio sgr), Angel Partner Group, other 0,45 0,85 BeBeez systems Bonilauri business angels Gianluca de Simone, Italian real estate Simone Putignano, crowdfunding lending Massimo Traversi,

Recrowd 26/10/19 platform Massimo Mereghetti crowd of Opstart, SpeedMeUp 0,419 0,419 BeBeez Cloud-based platform Andrea Burocco, business angels, entrepreneurs, private

Fluida 20/02/19 for managing staff 0,4 >0,4 BeBeez Hernán Solima investors relationships development of B2B Matteo Esposito, Paolo in VRsion 30/05/19 Virtual Reality SaaS Pascolo, Flora Caroli, angels by Italian Angels for Growth 0,4 >0,4 BeBeez solutions Luca Ferrari Trecate Andrea Crociani, Smart Shared hybrid Francesco Ceriani LVenture Group, Iren, T-Group, IAG, Luiss

Mobility srl 06/11/19 mobility Sebregondi Enlabs 0,4 0,4 BeBeez

PBV Monitor 11/01/19 Ambrogio Visconti Clear Leisure 0,31 >0,31 BeBeez for the legal services sector marketplace for used Valentina Cerolini,

Deesup 19/09/19 designer furniture Daniele Ena LVenture Group, IAG, Luiss Enlabs 0,3 0,3 BeBeez Enzo Sisti, modeFinance, MyCredit invoice trading Interlogica industries

Service 17/07/19 platform and ETT crowd of Fundera 0,226 BeBeez food delivery specially for lunch Maurizio Pompili and

OffLunch 02/09/19 break in the office Moovenda SeedMoney, crowd of CrowdFundMe 0,2 0,2 BeBeez Andrea Napoli, Ketty WeAareStarting Crowd, SimplyBiz, Seed

Locare 14/03/19 car rental 0,15 >0,15 BeBeez Pegoraro Money 3D printers for Martina Ferracane and

Oral 3D 06/09/19 dentists Giuseppe Cicero LVenture Group 0,145 0,145 BeBeez produces sustainable Adriana Santanocito Angels for Women, Francesco Virlinzi,

Orange Fiber 09/05/19 fabrics from citrus 0,1 0,5 BeBeez and Enrica Arena Antonio Perdichizzi, Corrado Blandini fruits Andrea Anedda and

SkyCasa 06/08/19 proptech Michele Schirru Paolo Colia and Gian Marco Angius 0,1 0,1 BeBeez Matteo Musa, Laura Italian Angels for Growth, Club degli Italian fitness Carpintieri, Gianluca Investitori, LVenture Group and Boost

Fitprime 14/06/19 nd nd BeBeez marketplace Mozzillo and Damiano Heroes, Fernando Diana, Claudio Rossi, Rossi Andrea Rota and Andrea Febbraio

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised Finscience (F.Milano, Datrix D'Aragona, M.Arte, C. (Finscience Big data for digital Zamboni, A.Arrigo,

07/01/19 all sell and reinvest in the new reality nd 2 BeBeez and 3rd and fintech private and Gellify); Place) 3rdPlace (founders Finsciene) second hand marketplace Piquadro MyStartupFunding Program,

Vintag 07/01/19 Francesca Tonelli nd 1 BeBeez exclusively dedicated Fashion Technology Accelerator, Hatcher+ to vintage ClubDealOnl crowdfunding equity Antonio Chiarello,

15/01/19 Portobello spa nd nd BeBeez ine platform Simone Cimminelli monitoring and optimisation of the

TechMass 29/01/19 production of Andrea Massenz auxiell, Gellify, H-Farm nd nd BeBeez manufacturing companies Factor Riccardo Carradori,

01/03/19 Invoice trading Teamsystem nd nd BeBeez @Work Isidoro Lucciola promotion of brands Alessandro La Rosa,

Videoser 13/03/19 with user-generated Antonio Puleo, Friendz nd nd BeBeez videos Raffaele Barone Gianluca Ignazzi, production and

Traipler 14/03/19 Christian Muolo, Aldo Gellify nd nd BeBeez distribution of videos Ricci manufacturer of Antonello Benati, Vera

Manebì 26/03/19 espadrillas and MIP I fund (Milano Investment Partners sgr nd nd BeBeez Drossopulo Bogdano beachwear

GimmeLike 19/04/19 Fabio Besana, Mattia Seed Money, crowd of CrowdFundMe nd >0,18 BeBeez their opinions on Orrù, Alessio Giaquinto various topics Stefano, Michele allows tax free Fontolan (CEO), Zhen Fund and the European Btov Partners

Stamp 28/05/19 nd 1,7 BeBeez shopping Wagner Eleuteri and Fund Federico Degrandis development of advanced cryptography, Fabio Nalucci, Enrico

Scytale 29/05/19 electronic signature Gellify nd nd BeBeez Albertini and blockchain authentication solutions fintech dedicated Metrica, Mauro Del Rio, Rolando Polli,

Iconium 31/05/19 to projects based on Fabio Pezzotti nd >1 BeBeez other investors on blockchain dynamic discounting Enrico Viganò and Unicredit, Mauro Anastasi and other private

FinDynamic 10/06/19 nd nd BeBeez platform Ervis Jace individuals, PoliHub Luca Ferrari, Francesco Bending Patarnello, Matteo

Spoons 05/07/19 iOS app developer Danieli, Luca Querella H14, Nuo Capital and StarTip nd nd BeBeez Massimiliano Morocutti, Neosperience spa, Davide Cassani, Digital coach for Alessandro Ballan, club deal of private investors led by Stefano

Bikevo 30/07/19 cyclists Marco Velo Parisi nd nd BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Total Last Last Company Type of activity Founders Investors** capital Article round date round raised spin-off of the Faculty Optimization of Engineering of the of the supply chain University of Modena

IUNGO 28/08/19 in business processes and Reggio Emilia Gellify nd nd BeBeez technology for purchasing tickets, parking tickets and ski

MyPass 03/09/19 passes Guya Paganin Helvetia Venture Fund, Banca Sella nd nd BeBeez document Christian Severin, DDM management Andrea Papalia and

Tecnology 13/09/19 digitisation service Alberto Sartor Gellify nd nd BeBeez promotion of the reputation of restaurant and bar Andrea Orchesi and

RepUp 09/10/19 managers Salvatore Viola SeedMoney nd nd BeBeez

Agencasa.it 21/10/19 proptech Alessio De Rosa Internet Rocket nd nd BeBeez Rapid development of Claudio and Walter enterprise cloud- Ambu, Paul Hinz and

Entando 28/10/19 native applications Robert Joseph Harvey Vertis Venture 2 Scaleup, Gellify nd nd BeBeez Crowd Other 16,84 16,84 funding ECF*** Buzz Total 522,25 763,67 Notes: New investors in bold; previous investors who participated in the last round in bold and italics; * U.S. dollars; ** pounds; ***ECF = equity crowdfunding; the capital raised in campaigns not specified in the above table concerns 77 companies, net of real estate platform campaigns Source: BeBeez Private Data - https://privatedata.bebeez.it/en

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1

M&A deals in 2019 on Italian startups (or founded by Italians) Acquired Date and Share company time Activities Sellers Buyers acquired Article mobile app ecommerce

Depop 18/01/19 fashion H-Farm nd minority BeBeez Giancarlo Russo, Alberto Neutrino investigation into illegal Ornaghi, Marco Valleri,

21/02/19 transactions on blockchain 360 Capital Partners CoinBase 100% BeBeez StartHope of Fira (Abruzzo Massimo Cavaliere and Attilio

SunCity 15/04/19 energy efficiency Regional Fin.) Piattelli (founder) minority BeBeez Pierre-Edouard Stérin, French site to book beauty Valérie Abehsera, Otium

Balinea 04/06/19 salons and spas Capital Uala 100% BeBeez Congregation of the Giuseppini del Murialdo (they remain in the capital Compagnia di San Paolo and

SocialFarae 15/07/19 startup incubator NGIM, Top-IX, PerMicro) Denegri Social Venture Foundation >51% BeBeez IoT for customer behavior Daniele Righi and Marco IoT Iottacle 18/07/19 analysis in physical spaces Abitabil Next 14 100% BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1 Acquired Date and Share company time Activities Sellers Buyers acquired Article Francesco Zorgno, Tatiana Skachko, other investors, crowd of CrowdFundMe, rental management angels of BacktoWork24, Market Aim Italia (ipo capital CleanBnB 25/07/2019 short-term Boost Heroes increase) 26,42% BeBeez I3P, incubator of the

IntervieWeb 26/07/19 In-recruiting software Polytechnic of Turin Zucchetti 100% BeBeez venture capital investment

Alchimia 08/08/19 holding company Paolo Barletta Annabel Holding (Nicola Bulgari) 12% BeBeez distribution and monetization of content on Gionata Mettifogo

PaperLit 03/09/19 mobile devices and Matteo Melani Datrix 100% BeBeez Francesco Nazari Fusetti, online charity auctions and Manuela Ravalli and

CharityStars 11/09/19 fundraising events Domenico Gravagno Human Versus Machine (HVM) 49% BeBeez Milano Investment Partners sgr Fashion Tech Accelerator (already a partner, he led the 3

La Passione 11/09/19 cycling clothing brand (FTA million round in May 2019) minority BeBeez specialist in the guaranteed Massimiliano Piarulli and

MyPlace 17/09/19 rent Angelo Pellegrino Sweetguest 100% BeBeez Gellify, auxiell, H-Farm software to digitize and the founder Andrea

TechMass 29/10/19 production processes Massenz Teamsystem 51% BeBeez Maria Caterina Turco (reinvests in the new Biouniversa research to develop drugs reality), Indaco sgr, Dauntless , Sofinnova Investments

(IntrepidaBio) 29/10/19 to fight cancer diseases Vertis sgr and Canaan 100% BeBeez

EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1

The data in this Report are extracted from

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EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - head office Corso Italia, 22 - 20122 Milan - PIVA 09375120962 1