VENTURE CAPITAL ALL ROUNDS IN THE FIRST 8 MONTHS OF 2020 - SEPTEMBER 2020 - BEBEEZ

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September 2020

Venture capital
All rounds in the first 8 months of 2020

  EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962   1
In the first eight months of 2020 there were 181 investment rounds, of which 103 rounds concluded by venture capital
investors in the broad sense and 78 rounds concluded through equity crowfunding campaigns (net of real estate
campaigns). All for a total of 420 million euros invested by venture capital funds, investment holding companies, corporate
venture capital, business angels and crowdfunding equity platform crowdfunding crowdfunding crowdfunding crowd, but also
by venture debt funds and other lenders, including banks. Excluding the latter, venture capital raised in total 364 million euros.

Focusing on the first six months of 2020 alone, 138 investment rounds were counted, including 78 rounds concluded by
venture capital investors in the broadest sense and 60 rounds concluded through equity crowfunding campaigns (net of
real estate campaigns). Excluding the latter transactions, which in the first half of the year were reduced to only e 5 million of
Casavo's minibonds subscribed by Amundi's private debt fund (see other article of BeBeez), it fell to e 259 million.

  In the first half of The data come from BeBeez Private Data (the BeBeez database available on subscription, click here for
             the year, information and an upgrade of your BeBeez News Premium subscription) and from
     Italian startups CrowdfundingBuzz (published by EdiBeez srl as BeBeez). On the latter front, in particular, 60 campaigns
                       were successfully completed in the six months, net of real estate, for a total of 28 million euros. Of these
        and scaleups 60 campaigns, 11 collected at least 500 thousand euros, for a total of 18.15 million euros.
     announced 113
 investment rounds The figure of 264 million and 138 rounds in total compares with that of 2019 as a whole, when BeBeez
                       had mapped 244 rounds for a total of approximately €605.6 million, up sharply from €510 million,
    for 259 million
                       spread over 179 companies, registered in 2018 (see BeBeez's 2019 Venture Capital Report here).
            euros, up
   from 510 million The first six months, therefore, highlighted the full weight of the Covid-19 pandemic that held back
                       harvesting operations. The trend was also highlighted by the Vem Report of the Liuc University of
       euros in 2018
                       Castellanza, which calculated that in the six months overall venture capital and corporate venture
                       capital invested € 119 million out of 36 rounds, syndication activities between venture capital, corporate
                       venture capital and business angels recorded investments of € 98 million out of 21 operations and
                       business angels alone invested € 31 million in 31 rounds. The total of these activities brings the early
stage chain, according to Vem, to have invested 248 million euros out of 88 rounds (see BeBeez article).

      EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962   2
It should be noted, however, that 17 companies collected rounds of at least 3 million euros, for a total of 177 million euros. Of
   these, 5 startups raised over 10 million euros, for a total of 116 million, but a large part is represented by Progetto Banca
   Idea, the fintech banking startup promoted by Roberto Nicastro, which alone raised 45 million euros (see BeBeez article). By
                           2019, however, 31 companies had raised at least 3 million euros in investment rounds, for a total of 491
              There are million euros. Of these, 7 had raised over 20 million euros each in the year. Also in 2018 the total
          17 companies number of startups and scaleups with rounds over 3 million euro had been 31, but had raised 408 million
 that have collected at euro. In 2017, however, only 13 startups had collected at least 3 million rounds for a total of €110
                           million.
  least 3 million euros
 in investment rounds At the turn of July and August, however, a certain recovery in the collection activity of Italian startups
 during the six-month and scaleups was noted, with 25 rounds mapped by BeBeez, for a total of 156 million euros in capital
                           raised, to which must be added 18 crowdufunding equity campaigns (net of real estate campaigns)
period. Another 12 did successfully concluded, which raised a total of 6 million euros (source: CrowdfundingBuzz). Of these
  so between July and new campaigns, 4 have raised more than 500 thousand euros, for a total of 3.3 million euros.
                  August It should be noted, however, that of the total of 156 million, over 51 million is represented by capital
                           raised in the form of debt. In particular, these are the 30 million euros of new finance that the e-Novia
                           startup factory has secured, of which 21 million in bonds converted and 9 million in bank credit lines
                           (see BeBeez article); 15 million euros collected from the scaleup of the new space sector D-Orbit,
   which has secured financing from the European Investment Bank (see BeBeez article); 5.85 million euros in a credit line
   granted by Banco Bpm to ArteOlio (see BeBeez article); and 500 thousand euros in bonds converted by Sealance, the
   producer of the DeepSpeed marine electric motor (see BeBeez article).

  It should also be noted that between July and August, 12 startups announced rounds of over 3 million euros and four of them
  raised at least 15 million euros. On the podium of the equity collection is Enthera, a biotech company dedicated to the
  development of new therapeutic approaches for diabetes and gastrointestinal diseases, which grossed a round of 28 million
  euros, led by Sofinnova Partners and AbbVie Ventures.

        EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962   3
This was followed by Innovheart, a company developing new mitral valve replacement systems, which closed a €20 million
round, led by Genextra, Panakes Partners, Cdp Venture Capital and Indaco Venture Partners (see BeBeez article). And if
we also consider the capital raised in the form of debt, then it was e-Novia, with its 30 million euros in bonds and credit lines,
that beat all of them, as mentioned above.

Finally, a certain m&a activity on the startups financed is worth mentioning. In particular, by far the most important
transaction was the one announced at the beginning of June on Tannico, with Campari Group taking over 49% of the well-
known e-commerce platform dedicated to wine in Italy for 23.4 million euros in cash (see BeBeez article). Campari Group
acquired 39% of the capital of Tannico from the founder Marco Magnocavallo and the investors P101 sgr and Box srl and
simultaneously subscribed a reserved capital increase to reach a total stake of 49%.

      EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962   4
Notes: * US dollars (dollar-euro
                                                                                                                            exchange rate 1.10); **new
                                                                                                                            investors in bold; previous
                                                                                                                            investors who participated in the
                                                                                                                            last round in bold and italics.

              Venture capital operations on Italian companies (or founded by Italians) in the first half of 2020
                                                                                                                                                Total
                                                                                                                                              capital
                     Last round                                                                                                     Last
Company                          Type of activity          Founders           Investors                                                        raised   Article
                            date                                                                                                  round
                                                                                                                                         (millions of
                                                                                                                                               euros)
                                                                              360 Capital Partners, Banca Agricola
                                                                              Popolare di Ragusa scarl, Banca Ifis, Banca
                                                                              Sella Holding, Close to Media srl, Von
                                                                              Furstenberg family, Generali Assicurazioni,
                                                                              Istituto Atesino di Sviluppo spa (ISA),
Progetto Banca                   Online credit             Federico Sforza,   Micheli e Associati, Sergio Bommarito,
Idea spa              30/06/2020 activities                Roberto Nicastro   business angel, Other investors                    45,000            45     BeBeez
                                 Smart logistics that
                                 can adapt the delivery                       Boox srl, WorkWave, 360 Capital Partners,
                                 service to the needs of                      P101 (P101 sgr), Vertis Venture 2 Scaleup
                                 the individual            Antonio Perini,    (Vertis sgr), Italia 500 (Azimut Libera
Milkman spa           25/05/2020 customer                  Tommaso Baù        Impresa sgr), Poste Italiane spa                   25,000          32,7     BeBeez
                                                                              Claudio Costamagna, Davide Malacalza,
                                 Development of            Giovanni Savio,    Equiter spa, Eraldo Bianchessi, Gaudenzio
Planet Smart City                affordable housing        Susanna            Roveda, Ruben Levi, Stefano Buono, Elysia
ltd                   16/01/2020 estates                   Marchionni         Capital srl, Others investors                      24,000          30,5     BeBeez
                                 Systems for
                                 facilitating access for                      Frank Strauss, Giovanni Daprà, H14 spa, Ott
                                 companies to bank                            Kaukver, Roberto Nicastro, Taavet Hinrikus,
                                 client information for                       HV Holtzbrinck Ventures, Local Globe,
Yapily Ltd.           07/04/2020 customers                 Stefano Vaccino    Lakestar                                              13*          16,8     BeBeez

              EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                  5
Total
                                                                                                                                             capital
                     Last round                                                                                                    Last
Company                          Type of activity          Founders            Investors                                                      raised   Article
                            date                                                                                                 round
                                                                                                                                        (millions of
                                                                                                                                              euros)
                                 Web platform that                             Club degli Investitori, Endeavor Catalyst, R301
                                 allows anyone to                              Capital, business angel, members of Italian
                                 order groceries from                          Angels for Growth 360 Capital Partners, FII
                                 their favourite                               Tech Growth (Fondo Italiano d'Investimento
S24 spa                          supermarket and                               sgr), Innogest II (Innogest Capital sgr), Dip
(Supermercato24)      03/02/2020 receive them at home      Enrico Pandian      Fund 1                                            11,000         27,8    BeBeez
                                 Software to support
                                 business intelligence
                                 activities based on
IGenius srl           31/03/2020 artificial intelligence   Uljan Sharka        business angel                                      11*           22     BeBeez
                                                           Lorenzo Dal
                                 Investment vehicle in     Verme, Luigi
Fin-novia             10/03/2020 e-Novia                   Bruno               BackToWork crowd                                   7,650       7,650     BeBeez
                                                                               business angel, investment holding company
                                 Startup investment                            and employees, Politecnico di Torino and
LIFTT                 24/04/2020 holding company           Stefano Buono       Compagnia di San Paolo (Links Foundation)          7,200           9     BeBeez
                                                                               L Venture, Barcamper Ventures (Primomiglio
                                 Managing a                                    sgr), Italy Venture I (Cdp Venture Capital
                                 community of              Chiara Russo,       sgr),Barcamper Ventures Lazio, Ita500,
Codemotion srl        08/04/2020 software developers       Mara Marzocchi      Programme 102 (P101 sgr)                           6,000          10     BeBeez
                                 Production of devices     Andrea
                                 for the remote            Verdelocco,         Luiss Enlabs, Boost Heroes (former Shark
                                 management of             Elisabetta Mari,    Bites), Italia Venture I (Cdp Venture Capital
                                 company fleets and        Filippo Agostino,   sgr), Italian Angels for Growth (IAG), L
2hire srl             04/02/2020 car fleets                Matteo Filippi      Venture                                            5,600        >5,6     BeBeez
                                 Chain of restaurants
                                 inspired by
                                 Californian fish          Matteo Pichi,       Other investors, MIP I (Milano Investment
Poke House srl        28/06/2020 cuisine                   Vittoria Zanetti    Partners sgr)                                      5,000           5     BeBeez

              EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962               6
Total
                                                                                                                                             capital
                      Last round                                                                                                   Last
Company                           Type of activity        Founders              Investors                                                     raised   Article
                             date                                                                                                round
                                                                                                                                        (millions of
                                                                                                                                              euros)
                                                                                Amundi Progetto Italia (minibond investor),
                                                                                360 Capital Partners, Boost Heroes, Greenoaks
                                                                                Capital, Kervis Asset Management, Marco
                                                                                Pescarmona, Picus Capital, Project A Venture,
                                  Real estate trading                           Rancilio Cube, other investors (including
Casavo                 12/02/2020 web platform            Giorgio Tinacci       venture debt)                                        5          100     BeBeez
                                  Software for quality
                                  control and problem-    Edoardo
                                  solving of new apps     Vannutelli, Filippo   Club Italia Investimenti 2 , Investors' Club,
                                  before they go on the   Renga, Luca           Digital360, Italian Angels for Growth (IAG),
AppQuality srl         25/05/2020 market                  Manara                Ita500, Programma 102 (P101 sgr)                 3,500           3,9    BeBeez
                                  B2B e-commerce          Davide Marchesi,
                                  portal for the supply   Gian Carlo
                                  of food products to     Cesarin, Ivan         Business angel, Cdp Venture Capital sgr,
                                  restaurants directly    Litsvinenka,          Italy 500 (Azimut Libera Impresa sgr),
Soplaya srl            28/02/2020 from manufacturers      Mauro Germani         Programma 102 (P101 sgr)                         3,500           nd     BeBeez
                                  Management of
                                  microsatellite
                                  terrestrial             Jonata Puglia,        Como Venture srl, Key Capital, Polihub srl,
Leaf Space srl         24/06/2020 communications          Matteo Boiocchi       RedSeed srl, Whysol Investments                  3,400            6     BeBeez
                                                                                Private investors, Zlatan Ibrahimovic, Alessio
                                                                                Romagnoli, Andrea Bertolacci, Ignazio
Dante Medical                     Food supplement                               Abate,Leonardo Bonucci, Massimo
Solutions srl         22/06/2020 production               Giorgio Pautrie       Ambrosini, Mattia Perin, Salvatore Sirigu        3,000            4     BeBeez
                                  Online platform for
                                  self employment         Enrico Mattiazzi,
                                  management              Fabio Ciotoli, Vito
Fiscozen srl          16/03/2020                          Lomele              UV2 (United Ventures sgr)                           3,000            3    BeBeez
                      Last round                                                                                                   Last       Total
Company                           Type of activity        Founders              Investors                                                              Article
                             date                                                                                                round       capital

               EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962              7
raised
                                                                                                                                              (millions of
                                                                                                                                                    euros)
                                                         Flora Caroli, Luca
                                  Application of virtual Ferrari Trecate,         FocusFuturo srl, Italian Angels for Growth
                                  reality to e-commerce Matteo Esposito,          (IAG), Private investors, Liftt srl, Mainardo
InVRsion srl           30/04/2020 sites                  Paolo Pascolo            de Nardis                                          3,000            5,7     BeBeez
                                                         Niccolo Lapini,
                                                         Mattero Cricco,          Plug and Play Ventures, Rovagnati,
                                  Delivery of meals to Niccolò                    Ambrosi, Giacomo Perotta and other
Bella&Bona             30/01/2020 offices.               Ferragamo                investors                                             3*            >3*     BeBeez
                                                                                  Club degli Investitori, Como Venture srl, Elysia
                                                                                  Capital srl, Indaco Ventures 1 (Indaco Venture
                                                                                  Partners sgr), Italia Venture I (Cdp Venture
                                                                                  Capital sgr), Noosphere Ventures, Nova
                                    Systems for the safe                          Capital, Seraphim Capital, TT Venture (Green
                                    removal of artificial                         Arrow Capital), Crowdfunding conducted on
D-Orbit spa            06/03/2020   satellites from orbit     Luca Rossettini     ClubDealOnline platform                            2,600            6,6     BeBeez
                                    Production of extra
                                    virgin olive oil of the                       Other investors, Duncan Niederauer, Keith
Manni Oil              25/06/2020   highest quality           Armando Manni       Stoltz                                             2,600            2,6     BeBeez
                                    E-commerce of
                                    fashion accessories
Ailati Technology                   and handmade              Ciro Di Lanno,
srl (MIrta)            17/04/2020   clothing                  Martina Caprotti    Alberto Genovese, Other investors                  2,500            2,5     BeBeez
                                    Online management         Alessandro Seina,
                                    of a network of           Giacomo Piva,  Vertis Venture 2 Scaleup (Vertis sgr), Vertis
BagBnB                 14/01/2020   luggage storage points    Giulio De Donato
                                                                             Venture 4 Scaleup Lazio (Vertis sgr)                    2,500           >2,5     BeBeez
                                                                             Dham Anubhav, Federico Gonzalez Tejera,
                                  Online travel agency                       Flavio Del Bianco, Luca Carlucci, Alma
                                  for the organisation of Flavio Del Bianco, Mundi Ventures, Riccardo Martinelli, Other
Bizaway srl            06/02/2020 business trips          Luca Carlucci      investors                                               2,500            3,5     BeBeez
                                                                                                                                                    Total
                      Last round                                                                                                       Last
Company                           Type of activity            Founders            Investors                                                       capital    Article
                             date                                                                                                    round
                                                                                                                                                   raised

               EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                    8
(millions of
                                                                                                                                              euros)
                                                           Andrea Gattini,
                                                           Francesco
                                Locators and other         Ceccherelli,
                                electronic devices         Giorgio Sadolfo,
                                based on Bluetooth         Stefania De         Luiss Enlabs, L Venture, Pi Campus, business
Filo srl             09/04/2020 technology                 Roberto             angel, Alpe Invest srl                          2,500            3,1     BeBeez
                                                                               Amedeo Clavarino, Carlo Montenovesi, Giulio
                                  Advanced diagnostics                         Maleci, Marco Mocarelli, Della Beffa family,
                                  based on artificial                          Astanor Ventures, Neos Medica srl, Pi
Hyris ltd            11/06/2020   intelligence             Stefano Lo Priore   Campus                                          2,500            2,5     BeBeez
                                  Online management        Alessandro Seina,
LeanTeam srl                      of a network of          Giacomo Piva,       Vertis Venture 2 Scaleup (Vertis sgr), Vertis
(BagBnB)             14/01/2020   luggage storage points   Giulio De Donato    Venture 4 Scaleup Lazio (Vertis sgr)            2,500            2,5     BeBeez
                                  e-commerce platform
                                  dedicated to Made in      Martina Capriotti
Mirta                17/04/2020   Italy artisans           and Ciro Di Lanno Alberto Genovese, other private investors         2,500           >2,5     BeBeez
                                  Home delivery of         Andrea Antinori,   Crowd of CrowdFundMe, Private Investors,
Winelivery srl       24/06/2020   alcohol                  Francesco Magro Gellify                                             2,500           5,65     BeBeez
                                                      A. Arrigo,
                                                      C.Zamboni, F.
                                                      Nalucci, F.
                                                      Milano
                                                      d'Aragona, G.
                                                      Galimberti, G.
                                                      Ferrarini, M.
                                Big data analysis in  Belmondo, M.
                                support of marketing, Prelz, M. Arte,
                                sales, publishing and N. Colla, U.             Other investors, Nerio Alessandri, UV2
Datrix spa           21/05/2020 finance               Pastori                  (United Ventures sgr)                           2,300            2,3     BeBeez
                                                                                                                                              Total
                    Last round                                                                                                   Last
Company                         Type of activity           Founders            Investors                                                    capital    Article
                           date                                                                                                round
                                                                                                                                             raised

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                9
(millions of
                                                                                                                                                      euros)
                                     Electronic medical         Alessandra Farris,
                                     devices for the            Antonio Pinese,      The Net Value srl, Vertis Venture 3 Tech
IntendiMe srl           28/05/2020   treatment of deafness      Giorgia Ambu         Transfer (Vertis sgr)                             2,300              3     BeBeez
                                     P2P lending to private     Pietro Casati and
                          12/02/20                                                   Crowd of 200Crowd and private                        2,2           6,6
Soisy                                individuals                Andrea Sandro                                                                                   BeBeez
                                     Production of                                   Club degli Investitori, Stefano Gaetani, Walter
                                     cosmetics sold only        Angelo Muratore,     Ricciotti, business angel, Luiss Alumni 4
Skinlabo srl            16/04/2020   on the web                 Carlo Tafuri         Growth, Maire Investments spa                     1,700           3,55     BeBeez
                                     Investment holding
                                     company in
                                     innovative companies
                                     operating in the                                Crowd of CrowdFundMe, Bio4Dreams, other
Biovalley               31/01/2020   BioHighTech sector         Diego Bravar         investors                                         1,655          8,255     BeBeez
                                     AI/IV-based methods                             Fabio Mondini, Business angel, Italia Venture
Datafalls srl                        of profiling clients                            I (Cdp Venture Capital sgr), Italian Angels for
(BigProfiles)           10/02/2020   and their behaviour        Lorenzo Luce         Growth (IAG), L Venture,                          1,500            2,1     BeBeez
                                     App to manage the          Francesco
                                     work in the field for      Putignano,
                                     the realization of large   Emanuele
MelaWork                  15/06/20   projects                   Zamponi              360 Capital Partners, TechStarts                     1,5           1,5     BeBeez
                                     Customisable knee          Gian Guido Riva,     Crowd on the Doorway platform, Italian
Rejoint srl             21/01/2020   prostheses                 Lorenzo Riva         Angels for Growth (IAG)                           1,350           1,35     BeBeez
                                     "Breadbar" bakery
                                     with drinks and wine
                                                        Pasquale Polito
Forno Brisa               28/02/20   offer              and Davide Sarti             Crowd of Mamacrowd                                1,200           >1,2     BeBeez
                                                        Alessandro                   Davide Dattoli, Francesco Fumagalli,
                                   Information and news Tommasi, Imen                Invictus Capital Llp, Mega Holding, Rancilio
Will srl                14/04/2020 on Instagram         Boulahrajane                 Cube                                              1,200           1,20     BeBeez
                                                                                                                                                      Total
                       Last round                                                                                                        Last
Company                            Type of activity             Founders             Investors                                                      capital    Article
                              date                                                                                                     round
                                                                                                                                                     raised

                EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                    10
(millions of
                                                                                                                                             euros)
                                                                             Matteo Carbone, Pietro Menghi, business angel,
                                                                             Club deal coordinated by Mezzetti Advisory
                                                          Andrea Silvello,   Group, Gruppo Net Insurance spa, Luiss
Neosurance srl       07/04/2020 insurtech                 Dario Melpignano Alumni 4 Growth                                    1,100            2,1     BeBeez
                                Italian chain of          Marco Santini,
                                restaurants with          Marco Lampitelli
                                integrated play area      and Roberto
Benvenuto              28/02/20 dedicated to children     Pasciucco          Crowd of Mamacrowd                               1,040          >1,04     BeBeez
                                Advising companies        Antonio Fornari,
AzzurroDigitale                 on digital                Carlo Pasqualetto, Alessandro Rimassa, Francesco Beraldi,
srl                  05/03/2020 transformation            Jacopo Pertile     Gianmario Tondato da Ruos                        1,000              1     BeBeez
                                                                             Giovanni Zobele, Harald Oberrauch,
                                  Development of                             Hermann Hauser, Mauro Cogoli, Michele
Immagina                          molecular biology       Maximilian         Gubert, Stefano Rossi - Trento, TBA-Tyrolean
Biotechnology srl    09/03/2020   research models         Clamer             Business Angel GmbH, Other investors,            1,000            1,5     BeBeez
Letisan srl                       e-commerce of           Alexander
(Rocketbaby)         27/01/2020   articles for children   Jovanovic          Ad4Ventures spa, Private investors               1,000              1     BeBeez
                                  Purchase of houses
                                  before they end up in
Salvacasa sbrl       11/03/2020   a court auction         Cesare Rosati       Private investors                               1,000              1     BeBeez
                                  Technology for
Arco FC              07/02/2020   electric vehicles       Angelo D'Anzi       Crowd of CrowdFundMe                            1,000             >1     BeBeez
                                                          Alessandro
                                Empathic virtual          Monterosso, Filip
                                assistant for patients    Ivancic, Kumara
                                involved in clinical      Palanivel and       UVCAP, Healthware Ventures, Padda Health,
PatchAI              24/01/2020 trials                    Daniele Farro       Avalanche Investments, business angel           0,860          >0,86     BeBeez
                                Geo-localised audio
Loquis               31/01/2020 content                   Bruno Pellegrini    Crowd of Mamacrowd                              0,824        >0,824      BeBeez
                                                                                                                                             Total
                    Last round                                                                                                  Last
Company                         Type of activity          Founders            Investors                                                    capital    Article
                           date                                                                                               round
                                                                                                                                            raised

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962              11
(millions of
                                                                                                                                              euros)
                                Production of               Giorgio Dell'Erba,
                                electronic circuits         Italian Institute of
                                with low                    Technology, Mario
Fleep                           environmental impact        Caironi, Paolo       Investors' Club, Cogliati family, Italian
Technologies srl     08/05/2020 processes                   Colpani              Angels for Growth (IAG), Pariter Partners     0,800            0,8     BeBeez
                                                            Antonello Sannia,
                                                            Marco Amoroso,
                                                            Marco Colturi,
                                  Hub of innovative         Giorgio Giacomo
                                  startups and an           Berlusconi and
Bluesky Angel                     investment club for       other private                                                                              Crowdfun
Lab                  31/03/2020   innovative projects       partners             Crowd of Opstart                              0,750          >0,75    dingBuzz
                                  Advanced digital
                                  solutions for the food    Massimo             Crowd of Mamacrowd, Galileo Visionary                                  Crowdfun
Ez Lab               15/06/2020   industry                  Morbiato            District and other investors                   0,740          >0,74    dingBuzz
                                  Video identification
                                  and video signature
Visabit              20/01/2020   solutions                 Massimo Merlino     private investors, ARC Group                   0,646        >0,646      BeBeez
                                  Manufacturer of high-
Mazzanti                          performance racing                                                                                                   Crowdfun
Automobili           11/06/2020   and collector's cars      Luca Mazzanti       Crowd of CrowdFundMe                           0,610          >0,61    dingBuzz
                                  Digital service to save
                                  on the management of      Marco Tricarico,
                                  utilities and             Redi Vyshka and     business angel, Cenciarini & Co, Smart&Start
Switcho              13/01/2020   subscriptions             Francesco Laffi     (grant)                                        0,580          >0,74     BeBeez
                                                            Antonella
                                                            Grassigli, Marco
                                                            Michelini, Donato
                                Equity crowdfunding         Montanari and
Doorway              18/05/2020 platform                    Federica Lolli      private investors                              0,500           >0,5     BeBeez
                                                                                                                                              Total
                    Last round                                                                                                   Last
Company                         Type of activity            Founders            Investors                                                   capital    Article
                           date                                                                                                round
                                                                                                                                             raised

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962               12
(millions of
                                                                                                                                               euros)
                                                                              CrowdFundMe, Andrea Dusi, Club degli
                                                                              Investitori, Digital Magics spa, Embed Capital,
                                                                              Epta spa, Futuro Investimenti, Giorgio
                                 Production of                                Ponticelli, Mega Holding, Metrica Ventures,
                                 advanced technology                          Pariter Partners, Pyramid, Tommaso Magnani,
FrescoFrigo           12/06/2020 vending machines        Enrico Pandian       Wonder spa.                                       0,500           2,46     BeBeez
                                                         Luca Ferrero,
                                 Offers turnkey e-       Carlo Tafuri and     LIFTT, foreign investors,
LetSell (B4D srl)     22/05/2020 commerce sites,         Michele Contrini     Brandsdistribution.com                            0,420          >1,17     BeBeez
                                                         Giuseppe Vegas,
                                                         Valeria Lazzaroli,
                                                         Guido Perboli,
                                 Software for risk       Beppe Di Sisto,
Arisk                 18/05/2020 assessment              Vittorio Pizzorno    Finpiemonte (grant)                               0,350          >0,35     BeBeez
Omecs                 05/02/2020 Organic cosmetics       Armando Roggero Banca Azzoaglio (financing)                            0,350          >0,35     BeBeez
                                 Support platform for
                                 medium-large
                                 consumer goods
                                 companies in home
                                 delivery from e-        Paolo Broglia and
Japal                 09/04/2020 commerce                Jacopo Moschini      private investors, OpStart crowd                  0,300          0,355     BeBeez
                                 app to make combat      Nicolò
                                 sports training         Parternoster,
                                 interactive and         Simone Carcone       Barcamper Ventures Lazio and Barcamper
Punchlab              25/05/2020 personalised            and Valerio Raco     Ventures, Luiss Enlabs                            0,300           >0,3     BeBeez
                                 App that translates
                                 restaurant menus into   Giuliano Vita and
Dishcovery            14/01/2020 all languages           Marco Simonini       Barcamper Ventures, crowd of 200Crowd             0,255          0,381     BeBeez
                                                                                                                                               Total
                     Last round                                                                                                   Last
Company                          Type of activity        Founders             Investors                                                      capital    Article
                            date                                                                                                round
                                                                                                                                              raised

              EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962               13
(millions of
                                                                                                                                                    euros)
                                  Italian-US startup that
                                  has developed deep        Anatoli Gorchet,      Antares Vision, Pelion Venture Partners, 360
                                  learning algorithms       Heather Ames,         Capital Partners, TechStars, Indinvest Partners,
                                  applied to visual         Massimiliano          Draper Associates, Motorola Solutions, Sherpa
Neurala                31/07/2020 inspection technology     Versace               Capital e Haiyin Capital                           0,291*         20,1*     BeBeez
                                  Solution to the
                                  problem of difficult
Medsniper              21/05/2020 intubation                Andrea Mazza          Investor Club, I3P                                  0,200         0,200     BeBeez
                                  Solution to measure
                                  the amount of water       Luca Stevanato,
                                  stored in the soil with   spin-off University
Finapp                 30/06/2020 cosmic rays               of Padua              Progress Tech Transfer                              0,200          >0,2     BeBeez
                                                            Alessio Boceda        Francesco Inguscio, Andrea Dusi, Enrico
                                  Italian startupper        and Giulia            Pandian, Roberto Sfoglietta and other
Startup Geeks          09/06/2020 community                 D'Amato               private investors                                   0,170         >0,17     BeBeez
                                  Production of 3D
                                  printing machinery
3DNextech srl          16/04/2020 and equipment             Andrea Arienti    A11 Venture                                               nd             nd     BeBeez
                                                            Spin-off of the
                                  Production of             universities of
                                  innovative polymeric      Modena and
                                  materials for 3D          Reggio Emilia and
MAT3D                  07/02/2020 printing                  Parma             Progress Tech Transfer Fund                               nd             nd     BeBeez
                                  Platform for provision
                                  and management of
                                  corporate welfare
Beneficy srl           29/05/2020 services                Gianluca Moretto Teamsystem spa                                               nd             nd     BeBeez
                                                          Massimiliano
                                  Artificial intelligence Squillace and other Mauro Del Rio, Ulixes Capital Partners,
Entire Digital           17/01/20 publishing              members             Mamacrowd crowd, other investors                          nd           >1,2     BeBeez
                                                                                                                                                    Total
                      Last round                                                                                                       Last
Company                           Type of activity          Founders              Investors                                                       capital    Article
                             date                                                                                                    round
                                                                                                                                                   raised

               EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                   14
(millions of
                                                                                                                                          euros)
                                                         Angelo Lombardo
                                                         and Luigi Naldini,
                                                         from Fondazione
                                                         Telethon and San
EpsilenBio            21/04/2020 Biotech                 Raffaele Hospital Sofinnova Telethon Fund                            nd             nd     BeBeez
Flower Burger
(Tobeme srl)          08/01/2020 Burger chain             Matteo Toto         Good Ventures                                   nd             nd     BeBeez
                                                          Giovanni
                                                          Chiarella, Pietro
                                   Digital Marketing and Mensi, other
FutureVox             15/06/2020   Communication          members             Redelfi                                         nd             nd     BeBeez
                                   Production of high
                                   quality artisan ice    Alessandro
Gelato Club           16/01/2020   cream                  Nunziante           Quadia                                          nd             nd     BeBeez
                                                          Luigi Naldini,
                                                          from Alessio
                                                          Cantore, Telethon
                                                          Foundation, San
Genespire             21/04/2020   Biotech                Raffaele Hospital   Sofinnova Telethon Fund                         nd             nd     BeBeez
                                   Extracts from
                                   vegetable fibres that  Francesca
                                   reduce the glycemic    Varvello, Franco    Ceresio Investors, Club deal organised by
Heallo srl            14/02/2020   response to food       Varvello            Ceresio Investors                               nd             nd     BeBeez
                                   Devices to control the
                                   oscillation of
                                   buildings in the event
Isaac srl             15/05/2020   of an earthquake       Alberto Bussini     360 Capital Partners                            nd             nd     BeBeez
                                   mathematical
                                   algorithms to support
Loopus srl            15/05/2020   machine learning       Daniele Ielmini     360 Capital Partners                            nd             nd     BeBeez
                                                                                                                                          Total
                     Last round                                                                                              Last
Company                          Type of activity        Founders             Investors                                                 capital    Article
                            date                                                                                           round
                                                                                                                                         raised

              EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962          15
(millions of
                                                                                                                                         euros)
                                Development of
                                materials for 3D        Chiara Manicardi,
Mat3d srl            07/02/2020 printing                Giampaolo Melli     Progress Tech Transfer (MIto Technology)         nd             nd     BeBeez
                                Software for tracking
                                the progress of work    Francesco
Mela Works srl       15/05/2020 on construction sites   Putignano           Techstars, 360 Capital Partners                  nd             nd     BeBeez
                                                        Spin-off of the
                                                        University of
                                                        Modena and
                                                        Reggio Emilia,
                                                        Carlo Pincelli,
                                                        Alessandra
Pincell              21/04/2020 Biotech                 Marconi          Sofinnova Telethon Fund                             nd             nd     BeBeez
                                Online platform for                      Boost Heroes, Michael Bristow, Pi Labs,
                                equipment and           Andrea Guzzoni,  Stelios Haji-Ioannou, Italian Angels for
Rentuu ltd           22/06/2020 machinery rental        Dennis Helderman Growth                                              nd             nd     BeBeez
                                Online training
                                platform for secure     Andrea Scaduto,
Secureflag ltd       20/05/2020 software developers     Emilio Pinna        Gellify                                          nd             nd     BeBeez
                                                        Alexander Frizzi,
                                                        Matteo Riffeser
                                                        Monti, Mattia
                                Online sale of          Lobertini, Micael
Tate srl             10/06/2020 electricity and gas     Saillen,            Nanabianca, Eni Gas and Luce spa                 nd             nd     BeBeez
                                Device to reduce the
                                oscillation of a
                                building in the event
                                of an earthquake
                                                                            360 Capital Partners, PoliHub,
Isaac                  15/06/20                         Alberto Bussini     other investors                                  nd          >0,57     BeBeez
                                                                                                                                         Total
                    Last round                                                                                              Last
Company                         Type of activity        Founders            Investors                                                  capital    Article
                           date                                                                                           round
                                                                                                                                        raised

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962          16
(millions of
                                                                                                                                        euros)
                       15/06/20 Analogic accelerator
                                for machine learning
                                operations and big
Loopus                          data analysis         Daniele Ielmini    360 Capital Partners, PoliHub                       nd            nd    BeBeez
                       15/06/20                       Davide Zoni,
                                                      Andrea
                                                      Galimberti,
                                                      Giovanni Scotti
                                System on Chip in     and William
Lamp                            ambito cyber-security Fornaciari         360 Capital Partners, PoliHub                       nd            nd    BeBeez
                       15/06/20 Graphic engine based
                                for AR and VR
Amazing                         applications                             360 Capital Partners, PoliHub                       nd            nd    BeBeez
other non real
estate
crowdfunding                                                                                                             10,300
Total                                                                                                                    259,19        329,57

     Source: BeBeez Private Data - https://privatedata.bebeez.it and CrowdfundingBuzz - www.crowdfundingbuzz.it

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962      17
Notes: * US dollars (dollar-euro
                                                                                                                      exchange rate 1.10); **new
                                                                                                                      investors in bold; previous
                                                                                                                      investors who participated in the
                                                                                                                      last round in bold and italics.

          Venture capital operations on Italian companies (or founded by Italians) July-August 2020
                                                                                                                                      Total
                        Last
                                                                                                                            Last     capital
Company               round Type of activity           Founders                Investors                                                     Article
                                                                                                                          round raised (Eur
                        date
                                                                                                                                        mn)
                                                                               subscribers of the bond by converting
                                                                               21 million (including Fin-novia) and
                                                                               bank of the 9 million credit line, 26
                                                                               industrial and financial investors
                                                                               including Brembo, Dompè, Landi Renzo,
                                                       Vincenzo Russi, Ivo     Fassi, Dainese, Pelliconi, Streparava,
                               Factory of              Boniolo and Cristiano   Eldor, Rubinetterie Bresciane, Mermec,
e-Novia             17/07/20   enterprises             Spelta                  etc.                                       30,000           30 BeBeez
                               Development of new
                               therapeutic                                     Sofinnova Partners, AbbVie Ventures,
                               approaches for type                             BiovelocITA, JDRF T1 Fund, Indaco
                               1 diabetes and                                  Venture, two private club deals
                               gastrointestinal        Paolo Fiorina and       organised by Banor sim and Banca
Enthera             29/07/20   diseases                Francesca D'Addio       Profilo.                                   28,000           32 BeBeez
                               Systems for                                     Genextra, Panakes Partners, Cdp
                               transcatheter mitral                            Venture Capital and Indaco Venture
InnovHeart          26/08/20   valve replacement       Giovanni Righini        Partners                                   20,000           20 BeBeez
                               Solutions covering
                               the entire life cycle   Luca Rossettini and
D-Orbit             27/08/20   of a space mission      Renato Panesi           EIB (loan 15 million euro)                 15,000           15 BeBeez
WeSchool                                                                       P101 sgr, fund Italia 500, Tim
(formerly                    Digital class                                     Ventures, Cdp Venture Capital sgr,
OilProject)         06/08/20 platform                  Marco Rossi             Digital Club, Club Italia Investimenti 2    6,400           6,9 BeBeez

      EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                    18
Total
                         Last
                                                                                                                             Last     capital
Company                round Type of activity          Founders                 Investors                                                     Article
                                                                                                                           round raised (Eur
                         date
                                                                                                                                         mn)
                              Production of Italian
                              extra-virgin olive oil
                              with highly
                              innovative
                              production methods Augusto Lippi ,                VERTEQ Capital, Banco Bpm (5.85
ArteOlio             26/08/20 and techniques         Riccardo Schiatti          mln euro loan)                             5,850        11,35 BeBeez
                                                                                Cdp Venture sgr, Fondazione Sardegna,
                                                       Carlo Mancosu,           Primomiglio sgr, Innogest, Nice Group,
                                                       Gabriele and Giuseppe    Digital Investments, Innogest, Invitalia
                              Commercial credit        Littera, Franco Contu,   Ventures I, Banca Sella Holding,
Sardex               24/07/20 circuit                  Piero Sanna              Melpart                                    5,800          8,5 BeBeez
                              Luxury craft e-          Ippolita Rostagno and    Olma Luxury Holdings, Nuo Capital,
ArteMest             06/08/20 commerce platform        Marco Credendino         Italian Angels for Growth, Bagheera        4,500          9,5 BeBeez
                              Innovative all-
Habyt (formerly               inclusive housing                                 P102, ITALY500, Picus Capital,
Projects Co-                  solutions founded in     Luca Bovone and          business angel (including Florian
Living)              23/07/20 Berlin                   Giorgio Ciancaleoni      Swoboda Jakob Maehren)                     3,500           6 BeBeez
                              Digital market           Mauro Germani, Gian
                              linking chefs and        Carlo Cesarin, Ivan
                              restaurateurs directly   Litsvinenka and Davide   P102, Italy 500, Cdp Venture Capital
Soplaya              10/07/20 to producers             Marchesi                 sgr                                        3,500          3,5 BeBeez
                              Web platform where
                              clinical trials can be                          United Ventures, Pi Campus, crowd of
InSilicoTrials       28/07/20 carried out              Luca Emili             CrowFundMe, Startup Health                   3,000         3,63 BeBeez
                                                                              Neva Finventures, Intesa Sanpaolo
                                                       Simone Ranucci         Vita, Barcamper Venture, Banca di
                                                       Brandimarte, Gianluca Piacenza, Be Shaping the Future ,
                               Digital insurance       de Cobell and Mansutti CRIF, Miro Ventures, Mansutti, Net
Yolo                 15/07/20 broker                   spa                    Insurance, Neva Finventures                  3,000          10 BeBeez

       EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                 19
Total
                         Last
                                                                                                                         Last     capital
Company                round Type of activity            Founders             Investors                                                   Article
                                                                                                                       round raised (Eur
                         date
                                                                                                                                     mn)
                              Production of
                              footwear using eco- Gio Giacobbe and            Crowd of Doorway, Boost Heroes and
ACBC                 04/08/20 sustainable materials Edoardo Iannuzzi          other investors                          2,300          2,3 BeBeez
                                                    Andrea Carmignani,
                              Platform for          Fabian Eberle,            P102, Italy 500, Primomiglio sgr,Maire
                              biometric             Giuseppe Ateniese and     Investments,LUISS Alumni 4 Growth,
Keyless              30/07/20 recognition           Paolo Gasti               international investors                   2,2*          6* BeBeez
                                                                              Italian Angels for Growth, Gellify
                                B2B digital                                   Digital Investments, Seven
                                marketplace for                               Investments, crowd of Doorway and
Deliveristo          23/07/20   catering                 Ivan Aimo            other investors                          1,500          1,5 BeBeez
                                Publisher of the                              Crif, Gellify, B.Group, Federico
                                WeWealth                                      Ghizzoni, Gianni Franco Papa and
Voices of Wealth     31/07/20   publishing platform      Fabienne Mailfait    other private investors                  1,500          2,3 BeBeez
                                Online platform
                                brings together
                                hundreds of                                   Fin Posillipo, Healthware Ventures
1000Farmacie         13/07/20   pharmacies               Nicolò Petrone       (formerly Esense Ventures)               1,500          1,5 BeBeez
                                Production of low-
                                invasive medical
                                devices for the          Enrico Pasquino,     Investors' Club, Crowd of the
                                restoration of cardiac   Franco Osta, Marco   Doorway platform, members of Italian
AorticLab            30/07/20   valvets                  Vola                 Angels for Growth                        1,300          1,3 BeBeez
                                Men's barbershop
                                and related products
B&C srl                         and accessories for      MIchele Callegari,   crowd of Mamacrowd, SAF Venture
(Barberino's)      06/08/2020   beard and hair care      Niccolò Bencini      srl, Net4Capital srl                     1,250         1,75 BeBeez
                                Home delivery
                                service for high
cosaporto.it         08/07/20   category products        Stefano Manili       Innova Venture                           1,200          1,2 BeBeez

       EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962             20
Total
                         Last
                                                                                                                              Last     capital
Company                round Type of activity         Founders                    Investors                                                    Article
                                                                                                                            round raised (Eur
                         date
                                                                                                                                          mn)
                              Digital credit & risk                               Giorgio Valaguzza, Alessandro
                              scoring platform                                    Fracassi, Attilio Mazzili, Fernando
                              using artificial      Marko Maras and Paolo         Spallanzani, Giacomo Sella, Italian
Fido                 31/07/20 intelligence          Mardegan                      Angels for Growth                         1,100          1,1 BeBeez
                              Marketplace that
                              connects shipowners
Letyourboat          31/07/20 and travelers         Walter Vassallo               Ligurcapital and private investors        1,000           1 BeBeez
                                                                                  crowd of Opstart, Directa sim,
                              Private capital         Davide Cigolini,            Alessandro and Giovanpaolo Arioldi,
PMI Top              28/07/20 investment vehicle      Alessandro Tesio            Diego Zanchi                              1,000         1,03 BeBeez
                              Innovative medical
                              device useful in
                              remote rehabilitation   Massimiliano Oliveri,
Restorative                   of patients with        spinoff University of
Neurotechnologies    28/07/20 cognitive disorders,    Palermo                     Cdp Venture sgr and other investors       1,000         1,15 BeBeez
                              Manufacturer of                                     LigurCapital, Marco Rosetti, Agave
                              glasses with special    spinoff Italian Institute   (Andrea Gatti), Municipality of Jehovah
Acoesis              20/07/20 acoustic sensors        of Technology (IIT)         (grant)                                   0,900          1,1 BeBeez
                              Covid-19 emergency
                              investment vehicles
Azimut Sostieni               in commercial
Italia               03/08/20 businesses in crisis    Azimut Enterprises srl      Mamacrowd crowd                           0,613        0,613 BeBeez
                              Manufacturer of                                     private investors, CrowdFundMe crowd,
                              DeepSpeed, electric                                 minibond subscribers converting from
Sealence             26/08/20 jet for marine use      William Gobbo               500k euros                                0,500         0,95 BeBeez

       EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                  21
Total
                          Last
                                                                                                                           Last     capital
Company                 round Type of activity         Founders                 Investors                                                   Article
                                                                                                                         round raised (Eur
                          date
                                                                                                                                       mn)
                               Ecommerce of
                               multi-category          Roberto Ferrari, Paola   crowd of 200Crowd, other private
DesignItaly           17/07/20 design products         Serena                   investors                                 0,500         0,5 BeBeez
                                                                                Francesco Pinto, Lucia Fracassi, other
                               Retail sector startupAntonio Ragusa and          managers and entrepreneurs in the
Retail Hub            27/07/20 accelerator          Massimo Volpe               retail sector                             0,200         0,2 BeBeez
                               It uses cosmic rays  spin off of the
                               to measure soil      University of Padua,
Finapp                17/07/20 moisture.            Luca Stevanato              Progress Tech Transfer                    0,200         0,2 BeBeez
                                                    Mattia Mor, Karin
                               Owner of the format Fischer, Massimo
                               Tech.Emotion -       Redaelli, Alec Ross,
                               Empower Human        Claude Finckenberg,
                               Potential,           Thomas Schneider and
Emotion Network       26/06/20 international summit Gianluca D'Agostino         U-Start                                     nd          nd BeBeez
                               Innovative milanese
                               SMEs that designs
                               and produces sports Gionata D'Alesio,            Innovative-RFK, Unicredit and other
Reaxing               31/08/20 equipment            Roberto Frassinelli         banks (€ 3 million loan)                    nd          5,5 BeBeez
Other non real
estate
crowdfunding                                                                                                              7,900
              Total                                                                                                      155,88      186,66
Source: BeBeez Private Data - https://privatedata.bebeez.it and CrowdfundingBuzz - www.crowdfundingbuzz.it

      EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962                22
M&A operations on Italian startups or founded by Italians in the first half of 2020
                                                                                                                                                    Price
Company            Data deal Type of activity       Members                         Investors                    Sellers              Percentage    (mln      Article
                                                                                                                                       acquired     euro)
                                                    Marco Magnocavallo, P101 sgr,
                                                    Box srl, Nuo Capital, Club
                             E-commerce             Digitale, Matteo de Barbant,
                             platform dedicated     Maurizio di Robilant and Stefano                         Marco Magnocavallo,
Tannico             08/06/20 to wine                Saccardi                         Campari                    P101 sgr e Box srl.          49%    23,40    BeBeez
                                                                                                        Gabriele Sorrento, HTC
                                                    Gabriele Sorrento, Sergio                           Vive, the Barcamper
                             Interface for CAD      Giorgio and Vittorio Bava,                          Ventures fund of
                             design in virtual      BaLab, HTC Vive, Barcamper      Vection             Primomiglio sgr and A11-
Mindesk             05/03/20 reality                Ventures, A11-Venture           Technologies Ltd*   Venture                             100%      5,00   BeBeez
                             Innovative omni-
                             channel platform
Xenialab            28/04/20 XCALLY Motion          Diego Gosmar, I3P               Ingo                Diego Gosmar, I3P                   100%      4,70   BeBeez
                                                                                                        Fulvio Gianetti, Lorenzo
                             System to help         Fulvio Gianetti, Lorenzo                            Magnarelli, Marco
                             hotels sell their      Magnarelli, Marco D'Amore,                          D'Amore, Riccardo Pirozzi
                             rooms at the best      Riccardo Pirozzi and Stefano                        and Stefano Sciamanna)
LybraTech           15/05/20 price                  Sciamanna) and LVenture Group Zucchetti             and LVenture Group                   51%      3,95   BeBeez
B&C srl                      Men's barbershop       Michele Callegari, Niccolò    SAF Venture srl,
(Barberino's)       20/05/20 and related products   Bencini                       Net4Capital srl       R204 Partners                    minority      nd    BeBeez

                EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962             23
Percentage
Company         Data deal Type of activity        Members                            Investors                 Sellers                                 Article
                                                                                                                                    acquired Price
                                                  Cristina Marino (65.5%), Vittorio
                          Website of the          Marino, Alessandro Paolo
                          fitness influencer      Gerbino, Dario Montagnese,
Befancyfit       25/02/20 Cristina Marino         Zagir                             Luca Argentero   Cristina Marino, Zagir              2%      nd   BeBeez
                          Mobile                                                                     Antonio Tomarchio,
                          advertising,location    Antonio Tomarchio, Filippo                         Filippo Privitera, Walter
                          intelligence to         Privitera, Walter Ferrara and                      Ferrara and William
                          support marketing       William Nespoli, Innogest sgr,                     Nespoli, Innogest sgr,
Beintoo          01/04/20 strategies              TLcom Capital Partners             Publitalia      TLcom Capital Partners            100%      nd   BeBeez
                          Apps to allow
                          people to split their                                                      Giacomo De Lorenzo,
                          online purchases        Giacomo De Lorenzo, Michele                        Michele Giannotta, Reale
                          into small monthly      Giannotta, Reale Mutua                             Mutua Assicurazioni,
Moneymour        14/02/20 instalments             Assicurazioni, Digital Magics      Klarna Bank     Digital Magics                    100%      nd   BeBeez
                                                                                                     Constantin Wiethaus,
                                                  Constantin Wiethaus, Milo                          Milo Zagari, Giulio
                          E-commerce              Zagari, Giulio Valiante and Ivan                   Valiante and Ivan De
PromoQui         19/95/20 discounts               De Liguori                         Shopfully       Liguori                           100%      nd   BeBeez
                          AI solutions, such as
                          self-service            Gabriele Antoniazzi, H-Farm,
                          Knowledge Base          Atalnte Seed Fund and other                         H-Farm, Seed Atlas Fund
Responsa         29/01/20 and chatbot,            investors                          Euris            and other minor investors      67,64%      nd   BeBeez
                          Washing and
                          sanitation services
                          for cars and                                                               Christian Padovan, Andrea
                          motorbikes at home      Christian Padovan, Andrea                          Galassi and Alessandro
Washout          09/06/20 without water           Galassi and Alessandro Morlin      Telepass        Morlin                         majority     nd   BeBeez

      Notes: * investors in Mindesk become shareholders in Vection - Source: BeBeez Private Data - https://privatedata.bebeez.it

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962         24
M&a operations on Italian startups or founded by Italians July-August 2020

                                                                                                                        Percentage
Company             Data deal Type of activity                   Members          Investors            Sellers                                   Article
                                                                                                                          acquired Price
                              Cloud platform that allows
                              small retailers, restaurants and   Francesco                       Francesco Medda,
Scloby               09/07/20 shops to run their business        Medda, I3P       Zucchetti      I3P                         100% nd         BeBeez
Pluservice-                   Digital mobility and parking
MyCicero             06/08/20 ticketing platform                 Giorgio Fanes     SisalPay           Giorgio Fanesi       majority BeBeez
                                                                 Alessandro Chelli               Alessandro Chelli
                                                                 and Lorenzo Di                  and Lorenzo Di
Apio                 26/08/20 Blockchain and IoT services        Berardino         Var Group     Berardino                    10% nd         BeBeez
       Source: BeBeez

              EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962             25
M&A transactions on foreign startups in which Italian ventures hold interests Jan-Aug. 2020
                                                                                                                                       Price
Company           Data deal Type of activity       Members                  Investors                    Sellers            Percentage (mln       Article
                                                                                                                              acquired euro)
                            Multinational
Vection                     software for digital                            HTC Vive, Barcamper
Technologies                transformation of      Sidney Stock Exchange    Ventures and A11-     Vection Technologies
Ltd                05/03/20 industrial companies   and other investors      Venture                    Ltd (own shares)       minority         5 BeBeez
                                                   Erik Fairbairn, Peter
                                                   Hiscocks, Legal &                                Erik Fairbairn, Peter
                                                   General Capital, crowd                            Hiscocks, crowd di
                             Provision of          of CrowdCube, Draper                             CrowdCube, Draper
                            charging points for    Esprit, Barclays Bank,   Edf and Legal &       Esprit, Barclays Bank,
Pod Point        17/02/2020 electric vehicles      AME Ventures             General Capital               AME Ventures        majority     nd BeBeez
                                                   Andrew Hopkins, Karl                                Andrew Hopkins,
                                                   Heeks and Klaus                                Karl Heeks and Klaus
                                                   McDonald-Maie, various                              McDonald-Maie,
                                                   international venture                            various international
                            Performance and        capital companies,                                     venture capital
                            security monitoring    including Indaco                                companies, including
UltraSoc           26/06/20 of on chip systems     Ventures I               Siemens                   Indaco Ventures I          100%      nd BeBeez
   Source: BeBeez

            EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962          26
Notes: * US dollars ; ** pounds

                            M&A transactions on foreign startups conducted by Italian investors Jan-Aug 2020
                                                                                                                                          Total
                        Last                                                                                                            capital
                                                                                                                              Last
Company               round Type of activity            Founders                   Investors                                             raised Article
                                                                                                                            round
                        date                                                                                                       (millions of
                                                                                                                                         euros)
                                                                                  Dawn Capital, HMI Capital,
                                                                                  Insight Partners, Poste Italiane,
                             Swedish open banking       Daniel Kjellén,Fredrik    Heartcore Capital, ABN AMRO
Tink                23/01/20 platform                   Hedberg                   Ventures, Opera Tech Ventures             90,000       182,6 BeBeez
                             Cloud and on-premise                                 PostePay, Wavecrest Growth
Volante                      payment and financial      Venkat Malla, Uday        Partners, BNY Mellon, Citi
Technologies        07/08/20 messaging solutions        Thakur and Vijay Oddiraju Ventures, Visa Inc                        35,000              BeBeez
                             American startup
Evergreen                    specialized in drugs for   James Cook, Tomaso        Club degli investitori, other
Theragnostic        24/06/20 teragnostics               Spingardi                 international investors                     19*          19* BeBeez
                                                                                  Milano Investment Partners,
                             Spanish flower e-          Sergi Bastardas, Andrés   P102, ITA500, Samaipata,
Colvin              26/06/20 commerce                   Cester and Marc Olmedillo AD4Ventures                               14,000          24 BeBeez
                                                                                  Groupe BPCE, Unicredit, Grupo
                                                        Asgeir Orn Asgeirsson,    Crèdito Agrìcola, Velocity
                                                        Georg Ludviksson and      Capital, Industrifonden &
Meniga              02/06/20 Digital banking platform   Viggo Asgeirsson          Frumtak Ventures                           8,500         43,9 BeBeez
                                                        Ambarish Mitra, Marco
                                                        Paladini, Mikela Eskenazi
Greyparrot          31/07/20 Computer vision            and Nikola Sivacki        A2A Horizon                                  nd        3,8** BeBeez

             EdiBeez srl - head office Corso Venezia, 8 - 20121 Milan - registered office Corso Italia, 22 - 20122 Milan – VAT N° 09375120962             27
The data in this Report are extracted from

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