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