New investor for WIB, the startup Nino Lo Iacono which wants to revolutionize the retail store of the future. The startup raised €750,000 in seed funding from Vertis Venture one of three closed-end funds managed by Vertis SGR, an investment management company (IMCO) which manages three closed-end funds focused on acquiring holdings in SMEs located in Southern Italy and Lazio region, which co-invested with ReedSeed Ventures and a pool of private investors in WIB, the Palermo (Sicily) based startup producing innovative vending machines "Warehouse in a Box" designed to integrate the automatic sale with web/mobile eCommerce.
Having transferred 40% of its share to the new shareholders with a substantial weight and important rights, rather than to these kinds of aspects the company considers the investors as an opportunity to network and acquire new managerial skills.
The winner of the 2012 SeedLab edition and European finalist at the Intel Business Challenge (Dublin, 2013), raised a record equity crowdfunding round in 2013, when on the crowdfunding platform Siamosoci.com it raised €530,000 in just 48 hours by reaching a final raised amount of total €649,000. The total raised funds amount now €1.399,000.
Posts
