First international investments for TIM Ventures, the Telecom Italia vehicle for seed and early-stage investments in the digital space, has invested in two startups with high potential of e-commerce sector, Moltin and Shoppimon.
The two investments were made by TIM Ventures within the Syndicate Investors launched and led by Gil Dibner on Angel List, to invest in European and Israeli startups who demonstrate disruptive technologies and global ambitions. The two investments were made according to a "Bridge to America Strategy," which includes the presence of venture capital funds in the US top tier mechanism that activates the co-investment.
Moltin, a Newcastle upon Tyne, UK-based startup, with offices in Mountain View (California), provides developers with the building blocks needed to build e-commerce websites and mobile applications through cloud-based APIs. This includes components like inventory management, carts, checkout, payments and more. Moltin enablesrapid development, taking just hours, not weeks and allows companies to be hands off with scaling, updates and security, all handled in the cloud. The startup has already received an investment of $120k from Y Combinator, one of the most prestigious business accelerators in the world, and by FundersClub and Trifecta Capital, a San Francisco/Menlo Park-based venture capital firm focused on early stage technology companies. Shoppimon, a Tel Aviv, Israel-based startup, offering a free shopping experience monitoring tool, provides a solution for Business Application Monitoring to monitor the operation and performance of e-commerce websites, simulating human behavior.
The international investments of TIM Ventures in e-commerce, a fast-growing sector, following the one made last May on Unfraud, an Italian startup selected in 2014 by TIM #Wcap, which thanks to artificial intelligence, cuts down by 50% frauds in e-commerce.