We are proud to announce that we just secured a €2 Million Round A investment led by the Italian fund Vertis Venture 3 Tech Transfer, managed by Vertis SGR with the exclusive advisory of Venture Factory. Since the founding of Zerynth back in 2015, this is one of the most important milestones we have reached.
Here is what our CEO, Gabriele Montelisciani, had to say about the investment:
“The Internet of Things is a unique opportunity to create new business models and improve industrial processes’ efficiency. However, the market offers complex solutions that are hard to be adopted, managed, and integrated into company structures.
Zerynth simplifies the adoption of the IoT by providing small and large companies with the tools for creating connected devices and for the digitization of industrial processes.
The financial, organizational, and business development resources of the Vertis fund will support Zerynth in the rapid transformation from “start-up” to “scale-up” company. We will be able to boost our market offer and create meaningful technological partnerships with the major players in the IoT landscape“.
Nicola Redi, the Managing Partner of Venture Factory said:
“Simplifying complexity is a difficult art that only a deep technological knowledge accompanied by industrial intelligence can enable. Zerynth enables access to a multitude of sensors, data, languages, machines with extreme simplicity, and a single standard: it is the element of simplification and homogenization that was missing today to overcome the obstacles to the implementation of networks of devices, machines, and complex sensors. I am proud to think that the fundamental element missing for a true and widespread 4.0 revolution was born from Italian research“.
Finally, Renato Vannucci, Vice Chairman of Vertis SGR had this to share about Zerynth journey as a company and the investment:
“The operation in Zerynth was “born under a lucky star” as it was among the fastest and most linear executions in the history of Vertis SGR. This happened thanks to the empathy that immediately arose with the founders and their desire to grow, and with our support, archive very challenging goals”.
We are thankful that the potential of our IoT enabling toolset has been recognized by Vertis SGR. With such a strong wind in our sails, we are more than excited about the future of Zerynth.
Learn more about Vertis SGR
Vertis SGR is an asset management company specializing in the “Made in Italy Innovative” industry. Vertis is the only player in the private equity and venture capital sector operating in southern Italy. Its headquarters are in Naples; it has operational headquarters in Milan and a dense international network in Europe and the United States. Vertis’ senior team has more than 120 years of cross-industry experience in finance, industry, research, and consulting. For more information: www.vertis.it
Vertis Venture 3 Tech Transfer (VV3TT) is an early-stage venture capital fund managed by VERTIS SGR, with the exclusive support of Venture Factory. VV3TT is the first Italian venture capital fund entirely dedicated to Technology Transfer from Universities and Public Research Bodies supported by the ITATECH platform, the equity investment initiative promoted by the European Investment Fund (EIF) together with Cassa Depositi e Prestiti (CDP ) to support innovation and technology transfer processes. EIF’s investment in VV3TT is supported by InnovFin Equity, with the European Union’s support as part of the financial instruments of Horizon 2020 and the European Fund for Strategic Investments (“EFSI”) established as part of the Investment Plan for Europe. EFSI aims to support the financing and implementation of productive investments in the European Union and ensure greater finance access.
Venture Factory is the exclusive Advisory Company of the Vertis Venture 3 Technology Transfer fund, focused on the industrial enhancement of research results. The company works closely with the main Italian universities and research organizations to scout and evaluate research results. The company also follows the investment process through the path of product development, growth in international markets, and divestment. Venture Factory has also continued to offer its Fund’s Proof-of-Concept project financing initiative. For more information: www.venturefactory.tech