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Investments

11

Portfolio Exits

1

About Red Circle Investments

Red Circle investments is Renzo Rosso's family investment company.

Red Circle Investments Headquarter Location

Italy

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Latest Red Circle Investments News

Italy’s angels & incubators and venture capital weekly roundup. News from Cortilia, BKN301, Serenis, Servitly and Spumante365

Jul 6, 2022

Cortilia, the Italian foodtech scaleup, attracted 20 million euros from lead investor Red Circle Investments, which will get 29% of the business, Indaco Ventures, Five Seasons Ventures and Primo Ventures (see here a  previous post by BeBeez ). Marco Porcaro and Antonio Perini founded Cortilia in 2011 as a spin-off of Workwave Route Manager (fka Viamente), a software as a service for the optimization of corporate fleets’ management. The company will invest the raised proceeds in consolidating its presence in the Italian market. BKN301, a San Marino-based digital payment company, raised 15 million euros for an enterprise value of 63 millions (see here a previous post by BeBeez ). BKN301 retained Orrick and BNM as legal advisor. Gianni & Origoni’s venture capital practice area GOP4Venture and Allen & Overy assisted the investors. Stiven Muccioli, SM Capital, Federico Zambelli Hosmer, and Luca Bertozzi founded BKN301 in 2021. Since its birth, the company raised 20 million. The company will invest the raised proceeds in its organic development and in expanding in East Europe, Africa and the Middle East. After such a transaction Elisa Zafferani will join BKN301 as chairwoman while Emanuele Cesarini, Pietro Andrea Calandruccio, Michele Giordani, Enrico Lodi, and Antonio M. Perdichizzi will be part of the board of directors. Serenis, an Italian startup that enables the access to psychotherapy, attracted 2.6 million euros from FG2 Capital, a Milan-based holding that Fulvio Gregorace and Fabio Luigi Gallucci created, Daniele Francescon and other investors (see here a  previous post by BeBeez ). Silvia Wang is the founder of the company that will invest the raised proceeds in improving its proprietary technology. Servitly attracted 2.2 million euros from Primo Ventures and two international business angels (See here a  previous post by BeBeez ). The company will invest such proceeds in growing its presence in the European OEM market. Stefano Butti, Roberto Acerbis,  Sebastian Anzani, and Aldo Bongio founded Servitly in 2018. Servitly has sales in the region of 0.6 million and an ebitda of little above 0.2 million. Spumante365, an online retailer of Italian sparkling wine that Marco Duò created, aims to raise 1 million euros (see here a  previous post by BeBeez ). The company already attracted the resources of Salvatore Insinga, who explained to BeBeez that the transaction will consist in the placement of hybrid financial instruments. Spumante365 will invest the raised resource in transitioning from a fully digital to a phygital strategy. Sources said to BeBeez that for 2022 the company expects to generate sales in the region of 0.15 million.

Red Circle Investments Investments

11 Investments

Red Circle Investments has made 11 investments. Their latest investment was in Cortilia as part of their Series C - II on June 6, 2022.

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Red Circle Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2022

Series C - II

Cortilia

$20.96M

No

1

12/9/2021

Private Equity

Bending Spoons

Yes

2

4/22/2021

Seed

Planet Farms

Yes

2

1/11/2021

Series C

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$99M

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10

2/2/2018

Seed VC

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10

Date

6/30/2022

12/9/2021

4/22/2021

1/11/2021

2/2/2018

Round

Series C - II

Private Equity

Seed

Series C

Seed VC

Company

Cortilia

Bending Spoons

Planet Farms

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Amount

$20.96M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

Red Circle Investments Portfolio Exits

1 Portfolio Exit

Red Circle Investments has 1 portfolio exit. Their latest portfolio exit was Depop on June 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/2/2021

Acquired

$99M

32

Date

6/2/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

32

Red Circle Investments Acquisitions

1 Acquisition

Red Circle Investments acquired 1 company. Their latest acquisition was RetroSuperFuture on October 17, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/17/2019

Other

$99M

Acq - Fin

2

Date

10/17/2019

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

2

Red Circle Investments Team

1 Team Member

Red Circle Investments has 1 team member, including current Founder, Renzo Rosso.

Name

Work History

Title

Status

Renzo Rosso

Founder

Current

Name

Renzo Rosso

Work History

Title

Founder

Status

Current

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