Milan, October 14, 2014 - A group of prominent angel investors has signed a capital increase of € 500,000 in Growish the Milan, Italy based innovative startup incubated within Digital Magics that offers friends and colleagues to raise money and purchase gifts online.
The investors, who have joined the round, have a proven experience and a track record ind Italian and international digital space: Anna Siccardi, Nader Sabbaghian, Antonio Pisa and Alessandro Rivetti.
Even the founder Claudio Cubito and the CTO Domingo Sarmiento Lupo have increased their investment in this round. Digital Magics, certified incubator of innovative startup listed on the AIM market of the Italian Stock Exchange (symbol: DM), has supported and will continue to support Growish - startup of its portfolio - in later stages of development. At the conclusion of the capital Digital Magics will hold 43% of the share capital of the company.
The Digital Magics Angel Network, is a network of 100 private operators, institutional funds and industrial partners that support Digital Magics in the selection, mentorship and co-investment of proposed ideas and startups in the development stage and already developed by the incubator.
Thanks to the new resources, Growish: will focus on the growth of the company by launching marketing activities and strengthening its positioning in the Italian market - also through important partnerships - and will develop the mobile app for tablets and smartphones.
Growish will increase the team of the startup with the entry of new members: two developers, a sales manager and a digital marketing specialist, that will flank Claudio Cubito (47 years old, Co-Founder and CEO), ex CEO of a chemical multinational company and founder of the italian branch of EMP the rock e-commerce number 1 in Europe, Domingo Sarmiento Lupo (27 years old, Co-Founder and CTO), venezuelan engineer expert in digital management and Alessandro Martello (43 years old, Strategic Marketing & Sales), Contract Professor in Brand Management at the University Cattolica - Milan - and ex Marketing Director & Innovation Manager at Henkel.