Capital increase of 750 thousand euros for Startup Bakery, ahead of schedule.

The capital increase of Startup Bakery has been picked up by newspapers and industry magazines.

Il Tempo: Startup Bakery soars. It churns out tech companies and increases its capital

Capital increase for Startup Bakery, the Italian startup studio dedicated to creating B2B SaaS companies characterized by a strong component of Artificial Intelligence. In a particularly difficult year for everyone, the company builder has indeed closed its fundraising at 750,000 euros, one month ahead of the deadline thanks to the commitment of 17 investors who believed in the goodness of a project that was only born in February 2020.

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“We are particularly proud of this result, achieved in such a complicated time for everyone. With a business model still relatively new for Italy, it was not taken for granted to reach it, let alone do so in such a short time. We are convinced that now more than ever there is a need for innovation and, indeed, that this ‘new normal’ requires doing business with new, more agile, faster, and more adaptable formulas to unforeseen scenarios such as, precisely, those of Startup Studios – commented Alessandro Arrigo, CEO of Startup Bakery.

Full article on Iltempo.it

Startup Business: Startup Bakery, a 750k€ round to launch the startup studio

Baking innovative SaaS B2B companies is the mission of Startup Bakery, the Italian startup studio born last February from the initiative of Alessandro Arrigo and Angelo Cavallini, which uses Artificial Intelligence to fine-tune the recipe for the success of a new company.

In a difficult year for everyone, during which investments in startups in Italy have shown some downturns, Startup Bakery closed its first capital raise at 750,000 euros, one month ahead of the deadline thanks to the commitment of 17 investors who believed in the goodness of a project that was only born in February 2020.

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Full article on startupbusiness.it

ITALICOM: Capital increase of 750,000 euros for Startup Bakery: 17 subscribers

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The entry of new qualified investors will allow Startup Bakery to support the development of proprietary Artificial Intelligence software on one side, and to sustain the analysis, validation, and launch of the pipeline of “recipes” (read: startups) planned by the Bakery, on the other. The first of these will be established in January 2021 through the investment vehicle of the “Lab”, operating companies of the group tasked with financially supporting the initiatives sprouted in the pre-seed and seed phases (in co-investment), as well as building their core teams. Activities will then continue according to a roadmap that foresees the birth of a new project every 6 months.

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Article full onitalicom.net

BEBEEZ: The Italian startup studio Startup Bakery raises a round of 750 thousand euros. Subscribed by Insoft, Nepos, Digital Technologies, and a group of business angels

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The COO Angelo Cavallini added: “Startup Bakery provides co-founders with the entire internal infrastructure made up of technology and human resources with specific skills and experiences gained in the field. Thanks to this, the standardization and centralization of various aspects, and a lean approach to validation, we avoid those mistakes that first-time founders typically make in the process of learning how to 'do business' and that lead them to waste a lot of time and energy, including financial resources . One of the tools we created to significantly accelerate the development and validation of the SaaS solutions we are going to create is Donux, a UX/UI agency born right inside Startup Bakery, now part of the group and functional to the study.”

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Article full onbebeez.it