Milan, July 30, 2014 - Midnight Call, the Reggio Emilia, Italy-based startup which has given rise to Fazland.com, the digital platform that aims to revolutionize the market for household services, announces the entry of new financial partners in the company shareholding.
With the injection €500,000 Milan-based early-stage investor RedSeed Ventures and a syndicate of "business angels" enter in the share capital of Midnight Call. In addition to the founders joins the capital also Federico Panini, already CTO of the company and part of the team for more than a year.
The injected liquidity will be used to finance the capillary expansion of Fazland.com on the Italian territory and to test the service abroad starting from two European cities, as well as to make available the service through smartphone applications and tablets.
"Fazland represents for us an ideal target for investment, as the service is placed in a still
poorly garrisoned niche in Italy where it is missing a key player. The business model is highly scalable and exportable abroad, the team is young, highly motivated, with significant work experience already gained in other companies. In the coming months we will be working with the team to expand the current customer base and launch new categories of services. "Said Roberto Zanco, partner at RedSeed Ventures.
"Fazland is the example of the perfect opportunity for a business angel, which can make available to startup a small money investment and experience, with the aim of supporting the team in the industrialization of the service and go-to market, so as to prepare the ground for subsequent funding targeting to the expansion of the scope and internationalization, "said Fausta Pavesio, Co-founder & Executive Director of Easynex and member of the Executive Council of Italia Startup, representing private investors.
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