LVenture Group, holding company listed on the Italian Stock Exchange, has announced a co-investment with a total value of Euros 500.000 in Filo, the startup that has designed and created a device that helps to keep the most important personal objects under control.
The overall amount supplied by LVenture Group in this transaction is of Euros 100.000. The remaining amount comes from Business Angels, of which some are part of Angel Partner Group, group of angel investors of which LVenture Group is a founding member.
Filo took part in the Acceleration Program of LUISS ENLABS “The Startups Factory”, an accelerator controlled by LVenture Group resulting from a joint venture with LUISS University. According to Luigi Capello CEO of LVenture Group and Founder of LUISS ENLABS – “The sector of hardware production has received much attention from international investors in recent years. We are very pleased to have invested in Filo and the significant round that has been closed confirms it. Once again, the positive results are a proof of the effectiveness of the operative approach that we adopt towards startups in which we invest and participate in LUISS ENLABS Acceleration Program”.
Filo has created a device that uses Bluetooth technology and helps to keep important things under control. Through the app, available for all smartphones, it is possible to check the position of objects, people or animals, to which Filo, which emanates a sound for the localization when needed, is attached.
In addition, it is possible to track the associated smartphone by pressing the button on Filo.
“We will use the new funds for the expansion of the product on the domestic and European markets and the expansion of our team – declares Giorgio Sadolfo CEO and founder of Filo – In addition, we will invest in research and development to launch new solutions in the field of tracking”.