Italian peer-to-peer lending platform Capitalia has used its co-investment fund to again an Estonian start-up, in partnership with Karma Ventures.
This marks the tenth funding for the Capitalia Co-Funding Fund, which launched within the autumn of 2021.
The fund has invested €150,000 (£130,000) in Xolo, a platform which permits freelancers to arrange and run their companies.
“Assembly new Baltic startups and aiding of their progress path could be very satisfying and Xolo is not any exception,” stated Capitalia’s fund supervisor Gintaras Matuzas.
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“We can not wait to see what new developments the corporate will expertise with the assistance of our funding and we’re glad to supply our traders and the Baltic corporations the likelihood to spice up the area’s financial progress.”
Capitalia’s Co-Funding Fund has invested greater than €2m into 10 European start-ups because it was launched in 2021. These embody Cenos, Inzmo, Scratcher, Aispeco, Ondato, Aerones, Giraffe360, Favro, and Bolt.
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The fund has a minimal funding of €30,000, and goals to assist the expansion of “dynamic and fast-growing know-how corporations within the Baltic States”.
Xolo’s chief govt Mikko Teerenhovi stated that he has “a number of bold plans for the long run.”
“It’s nice to search out like-minded traders within the Baltic states,” he added.
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