Friday, August 9, 2013

Personal Factory raises €2 million from Atlante Ventures Mezzogiorno, Vertis Venture and TT Venture

The Italian Venture Capital bets on innovation made in Southern Italy. Indeed, Personal Factory, a building materials & fixtures startup based in Simbariò, in the province of Vibo Valentia - Calabria (Southern Italy) - has received a capital injection of €2 million from IMI Fondi Chusi, the VC arm of Intesa Sanpaolo, via its Atlante Ventures Mezzogiorno Fund, Fondamenta SGR via its TTVenture Fund, and Vertis SGR - investor since the birth of the company - via its Vertis Venture fund. 

The three funds committed resources for a capital increase of €2 million. For Atlante Ventures Mezzogiorno this represents the first investment of the fund in Calabria.  Instead Fondamenta SGR and Vertis SGR have renewed their confidence in the innovative project of Personal Factory of which they already held a stake of (overall) 40% since 2009

Personal Factory has developed and patented a machine which allows to mix and pack inerts and chemical products, constituting a technological platform able to turn each reseller also in a producer for building materials. The machine, concentrated in 6 square meters and strongly automized, renders production more quick, precise and flexible: this offers allows to those who use the machine to obtain strong advantages in terms of cost reductions for what is sold, as well as to offer on-demand a higher range of certified products reducing, in turn, stockholdings. Personal Factory developed also a unique platform of cloud computing coupled with manufacturing processes, the so-called

Thursday, August 1, 2013

Digital Magics goes Public on Milan's AIM-MAC

 Digital Magics went public last 31st July, 2013 on Milan's Stock Exchange AIM Italia, the Alternative Investment Market for small and medium-sized enterprises with high growth potential. Digital Magics is an investment company operating as venture incubator of innovative digital startup which propose contents and products of high technological content.
During the placement the company raised € 4,563,000. Post IPO floating supply amounts to 36.81% with a capitaliation of roughly  €25.6 MlnIntegrae SIM acted as Global Coordinator and Nomad adviser, IPO

The listing operation was characterized by the issue of 1,239, shares of which 630,847 for the conversion in advance of the convertible bonds issued by the company and 608,400 in connection with the capital increase reserved to qualified investors. The capital increase amounted to overall 8,585,000 (including the share-premium); therefore bringing the post-listing capitalization of the company to about  €25.6 Mln with floating funds equal to about 37%  of the total capital. The initial trading price was set at 7.5 € per share. 

By going public on the Milan's Stock Exchange