Through the funding calls StartHope and Smart&Start Italia, the Italian gaming company Mangatar begins a new growth phase with the goal to establish itself as a Publisher, valorising independent developers.
Fi.R.A. (Finanziaria Regionale Abruzzese) the financial holding company and Invitalia - the national Agency for inward investment promotion and enterprise development - invested together €1.1M in the gaming company Mangatar, through the funding calls StartHope and Smart&Start Italia. The latter takes the form of an incentive of the Ministry of Economic Development, managed by Invitalia, to promote the entrepreneurial culture linked to the digital economy.
By virtue of the financial operation made possible by the StartHope fund, specifically aimed at supporting innovative enterprises operating in the Abruzzo region through participation in venture capital, Fi.R.A. enters the company shareholding, joining the startup co-founders and Digital Investments S.C.A. SICAR., the investment vehicle advised by dPixel.
Rocco Micucci, the president Fi.R.A., said that several were the reasons why they chose to invest in Mangatar: a sector with great potential, a concrete business model, but also a dynamic team full of enthusiasm. As investors Fi.R.A. intends to contribute to the development of Mangatar, through the ability to create a new market starting right from Abruzzo. Mangatar has set up a new office dedicated to marketing and promotion in FIRA Station, a new acceleration and co-working space realized by Fi.R.A. and the Abruzzo region, in the heart of the city of Pescara, within the railway station.
Mangatar closed in recent years many (deserved) investment rounds, but this round of € 1.1M cannot be seen as a pure round.