Saturday, October 15, 2011

Risparmio Super raises € 400,000 from Ingenium Catania and LVentures

Risparmio Super, a price-comparison web service, has raised recently raised € 400k in a financing round which will allow the company launching a further phase of its growth and expansion on foreign markets. 

The funding, announced in Catania during a press release held by the president of the province Giuseppe Castiglione, shows that to believe in the project of the thirty-five years old businesswoman Barbara Labate and of the ital-israeli web expert Zion Nahum, are the local institutions. The funds which will enable the company to start expanding abroad come from Zernike Meta Ventures, a Italian-Dutch joint venture that manages the Ingenium fund in the province of Catania dedicated to the most innovative companies in the region, and LVenture, venture capital fund managing the EnLabs incubator. 

So Risparmio Super, can now look to the States, retracing reversely the path that led Barbara to the Master of the Columbia University - during which the need to save time and money for the daily shopping brought her to the idea which gave birth to Risparmio Super - to go back to Italy, meet with Zion and launch their web company, which compares the prices of hyper- and supermarkets in Italy to help to save up to $ 1,000 a year on spending. Risparmio Super - with offices in Milan and Catania - is today the only Italian site that analyzes and compares 45 brands of the Italian GDO in a widespread manner, by monitoring more than 10,000 stores and comparing prices of daily food, hygiene products, consumer electronics and appliances. The idea is a winner and has been rewarded by the consumers to whom it provides a valuable service: the site's members rose from 30,000 to over 100,000 in the over the past two months. These numbers make it the absolute leader in the Italian market for online food prices comparison.