The week in Italian startups - Issue #44
This week, the action was all abroad
An index on European crowdfunded companies
Opstart, one of the largest equity crowdfunding platforms in Italy by capital raised,🇮🇹 entered into an agreement with 4Aim Sicaf, a public investment vehicle focused on AIM-listed companies (AIM is the junior Italian stock exchange). The Sicaf will have the right to invest up to €100k in each startup raising capital on Opstart, with no obligation.
This agreement will become effective as 4Aim completes the creation of a dedicated compartment, with €5m under management, that will invest only in companies raising capital using European crowdfunding platforms.
I talked a few weeks back about how asset managers are building investment products dedicated to retail investors, offering them access to cool deals.
This is a new step: cool deals on crowdfunding platforms are accessible to anybody by definition, but building a well-distributed and diversified portfolio is cumbersome and takes time. 4Aim offers to take the burden off the hands of its investors and build a portfolio for them.
There is also a second, interesting, side-effect: the compartment would be a publicly-traded index of crowdfunded European startups. Not a pure index (4aim chooses which companies join it), but still some kind of indicator that the market can use to evaluate the sector. As I said: interesting!
Are there any other public investors doing something similar? Let me know!
Be careful with your backups
Vintag is a startup offering a mobile-only marketplace to buy and sell vintage clothes. Or, maybe, I should write Vintag was a startup. 🇮🇹According to a recent blog post on their website, the founders had to shut down the company because of a complete loss of data (including backups), which made it impossible for them to restore the service. The drama has been unfolding for a few weeks (🇮🇹from January 25th, at least).
The lesson that we all should learn is: be extremely careful with your backups.
Good luck to the team.
This is it for this issue. Thank you for getting this far. Have a great week!