Italy

[Funding alert] Milan-based SaaS company Zakeke Raises €2 million in Funding

Oct 16, 2023 | By Startup Rise EU

The SaaS business Zakeke, situated in Milan, has secured €2 million in finance. The private equity firm Berrier Capital, which led this financing round, is advancing Zakeke's plans for rapid international expansion.
Angelo Coletta - CEO & Founder at Zakeke  

The SaaS business Zakeke, situated in Milan, has secured €2 million in finance. The private equity firm Berrier Capital, which led this financing round, is advancing Zakeke's plans for rapid international expansion.

The Silicon Valley-favored SAFE (Simple Agreement for Future Equity) funding strategy gives shareholders a peek at potential equity without floating into complicated valuation issues immediately.

Read also - Wequity’s young founders unveil AI solutions automating ESG data extraction, analysis & reporting, and secure €1.1M funding to boost expansion

RECOMMENDED FOR YOU

recomd
Funding
Steep Funding News – Stockholm-based Steep raises €4M Seed
Team SR
Jul 4, 2024
recomd
Partnership
Founders Factory partnership news – Founders Factory partners with Germany-based Vonovia
Startup Rise EU
Jul 1, 2024
recomd
Funding
Sipay funding news – Fintech Startup Sipay Secures $15Million in Series A Round Funding
Startup Rise EU
Jun 5, 2024

Given its low popularity in Italy, the implementation of a large-scale SAFE agreement represents an important shift in the country's economic environment.

Read also - London-based AI Startup TitanML Secures $2.8 Mn Pre-Seed Funding

Another update is provided by the most recent round of investment in Zakeke. Stefano Venturi, who currently serves as the president of Cefriel and was formerly the CEO of both Cisco Systems in Italy and Hewlett Packard Enterprise Italy, has been elected to the board of governors of Zakeke.

Read also - Ukraine-based Product Development Company Trinetix Raises $10 million in Funding

His dedication highlights the company's phenomenal growth trajectory, which is further reinforced by solid figures, such as an extensive list of over 8,000 clients globally and a spectacular growth rate of 98% over the year prior.

Read also - German Climatetech Startup Purpose Green Raises €3.3 million in Funding

Angelo Coletta, CEO & Founder of Zakeke, expressed his deep enthusiasm for the recent milestone achieved: “I am immensely pleased with securing new capital for Zakeke in this SAFE investment round, a valuable instrument still underutilized for startups like ours in Italy. Additionally, I am honored and thrilled to have a distinguished professional like Stefano Venturi on board, who, with his standing personality and deep expertise, can assist Zakeke in our ongoing growth process.”

Investment firm Berrier Capital, which specializes in listed creative firms, is leading the round. Berrier Capital selects its investments each year from a wide range of potential proprietary commitments with a dedication to a carefully diversified portfolio, ensuring each meets their stringent standards after careful due diligence processes.

Alberto Craici, Equity and Founding Partner of Berrier Capital, said: “We have been increasingly investing in Italian companies with a strong preference for innovation, managers with a proven track record, easily scalable business model, global presence in the relevant market niche and high export propensity, alongside a compelling growth strategy. I’m happy to say that Zakeke, with its disruptive potential, meets all our investment requirements.”

About Zakeke

Zakeke, which was founded in 2017, connects easily with any eCommerce platform or brand's back end to enhance the shopping experience, increase conversions, and streamline company procedures.

Read also - Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

Lawyers Alessandro and Valentina Casella from the Casella & Associati Law Firm provided advice to Zakeke regarding this transaction, and Attorney Carlo Scaglioni from the Greenberg Traurig Santa Maria Law Firm advised Berrier Capital.

Read also - French SaaS Firm, Scnd” Raises €4 million in Funding

Recommended Stories for You

story
Funding

Funding Wrap of the Week | European Startups Funding Roundup | May 26 – May 31

Startup Rise EU Jun 1, 2024

story
Funding

[Funding alert] Berlin-based Monite Secures $6Million in Seed Funding

Startup Rise EU Feb 20, 2024

story
Funding

[Funding alert] Hamburg-based Cirplus Secures Seven-Figure Round Funding

Startup Rise EU Feb 10, 2024

story
Funding

[Funding alert] London-based Gut Health Brand Biomel Secures £5.5 Million in Funding

Startup Rise EU Nov 23, 2023

story
Funding

[Funding alert] Slovakia-based Internet Safety Startup Elv.ai Secures €500,000 Funding

Startup Rise EU Jan 15, 2024

story
Funding

Gireve funding news – Paris-based Gireve Secures €20 Million in Funding

Startup Rise EU Jun 3, 2024