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Investments

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About Angelo Investments

Angelo Investments works with talented entrepreneurs and management teams to develop new technologies and build substantial business enterprises around them. It achieves this by providing capital financing to seed early-stage hi-tech companies located worldwide but most importantly by deploying its team to work together with entrepreneurs to create market-leading companies.

Angelo Investments Headquarter Location

Via Oberdan 70

Monopoli, 70043,

Italy

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Latest Angelo Investments News

Hyperloop developer TransPod raises $20 mln in seed funding

Jan 31, 2017

Hyperloop developer TransPod raises $20 mln in seed funding November 24, 2016 By Kirk Falconer High-speed transportation startup TransPod Inc has secured about $20.2 million (US$15 million) in seed-stage financing. The round’s investor was Angelo Investments, an Italian venture capital firm focused on transportation technologies. Founded last year by CEO Sebastien Gendron and CTO Ryan Janzen, Toronto-based TransPod is developing a high-speed hyperloop transportation system to connect people, businesses and cities. It will use the funds raised to begin Canadian and Italian operations in 2017, grow its team of engineers, and invest in R&D. TransPod will also seek government support to build a test track in Ontario. PRESS RELEASE TransPod Announces $15 Million USD Seed Round Funding Plans for 2017 include opening global operations and building a test track in Canada Toronto, Canada – November 23, 2016 – TransPod, the startup that is building the world’s leading hyperloop system to disrupt and redefine commercial transportation, today announced it has secured $15 million USD in seed funding from Angelo Investments, the Italian high-tech holding group specializing in advanced technologies for the railway, space, and aviation industries. The funding will be used to position the company for increased global growth as it continues to focus on producing a commercially viable product by 2020. Angelo Investments is focused on long-term investments in high-tech sectors, and works with talented entrepreneurs and management teams to develop breakthrough technologies. It provides member companies with access to specialized expertise and offers hands-on collaboration throughout the design and execution phases of strategy and product development. With an unwavering focus on innovation and invention, Angelo Investments is committed to helping build industry leaders. TransPod will use the funding to open Canadian and Italian operations in the first half of 2017, grow its team of top engineers and experts from around the world, and invest in research and development. It will seek support from the federal and provincial governments of Canada to prospect and build a test track in Ontario, Canada. This partnership will also leverage the expertise and technical capabilities of Angelo Investments’ member companies. SITAEL, Blackshape, and MERMEC, with their unique blend of industry-leading expertise in the space, aviation, and railway industries, will collaborate with TransPod throughout the design, testing, and development of TransPod technologies. “Our current modes of transportation are antiquated and financially, economically, and environmentally unsustainable,” said Sebastien Gendron, founder and CEO, TransPod. “We’re limited in our mobility, having to make choices based on how long it takes to commute. We’re also limited in our efficiency, as businesses have to make decisions about cargo transportation and product delivery based on price. Hyperloop will offer a viable and environmentally friendly solution with affordable high-speed transportation. Here at TransPod, we’re dedicated to making this a global reality with our leading proprietary design and innovative approach to the technology.” TransPod presented a full concept of its hyperloop pod at InnoTrans, the world’s leading trade show for rail transport technology, in September 2016. The company has been focused on developing and proving proprietary designs that alleviate both immediate and long-term issues inherent in technology proposed to date. Elements ranging from passenger comfort and operational performance to route design, tube pressure, and the pod’s internal systems, are consistently performing well above competitive designs. Specific benchmark results will be released at a later date. “TransPod is leading the pack in building the framework by which we will virtually shrink distances to connect people, cities, and businesses,” said Vito Pertosa, founder, Angelo Investments. “Angelo Investments is focused on developing truly innovative industry-leading technologies, so partnering with TransPod was a natural fit. We look forward to working with TransPod to disrupt and improve commercial transportation around the world, and ultimately redefine the way we live and work.” With hyperloop, driverless pods carrying passengers or cargo will travel through tubes between major cities at speeds that are 50% faster than airplanes and 300% faster than trains, thereby minimizing travel time and improving efficiency. It will change the way people live, by enabling them to live and work virtually anywhere. It will also change the way companies of all sizes, from large companies to small- and medium-sized businesses, conduct operations by allowing them to transport products at high speeds and affordable rates. About TransPod TransPod’s goal is to disrupt and redefine commercial transportation between major cities in developed and emerging markets. The startup was founded in 2015 to build the world’s leading hyperloop system to connect people, cities, and businesses with high-speed transportation that is affordable and environmentally sustainable. TransPod is headquartered in Toronto, Canada. For more information, visit www.transpod.ca. For more information, contact:

Angelo Investments Investments

3 Investments

Angelo Investments has made 3 investments. Their latest investment was in Transpod as part of their Seed VC on November 11, 2016.

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Angelo Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/23/2016

Seed VC

Transpod

$15M

Yes

9

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Date

11/23/2016

Round

Seed VC

Other Investors

Other Investors

Company

Transpod

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Amount

$15M

$99M

$99M

New?

Yes

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Co-Investors

Sources

9

10

10

Angelo Investments Team

2 Team Members

Angelo Investments has 2 team members, including former Chief Financial Officer, Virgilio Picca.

Name

Work History

Title

Status

Vito Pertosa

Founder

Current

Virgilio Picca

Natuzzi, and KPMG

Chief Financial Officer

Former

Name

Vito Pertosa

Virgilio Picca

Work History

Natuzzi, and KPMG

Title

Founder

Chief Financial Officer

Status

Current

Former

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