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Atlante Ventures invests EUR1m in Yogitech

Atlante Ventures, a venture capital fund of the Intesa Sanpaolo Group, has finalised an investment of EUR1milion in YOGITECH SpA, part of a capital increase round totalling EUR 1.5 million. The remaining EUR500.000 was subscribed by the current financial shareholder Fondo Toscana Ventures, part of SICI Sgr SpA.

“We are extremely happy and proud to announce the completion of this financing round and we welcome Atlante Ventures," says Silvano Motto, CEO of YOGITECH. “This investment further outlines the credibility of our growth strategy within the market of fault robust embedded systems for safety critical applications. The capital increase will support the investment capability of Yogitech and this will allow us to further value the unique aspects of our technology.”

“The technology developed by the company and the reputation and credibility that the management team was able to gain in the international markets are the key elements that led us to invest in Yogitech.” says Davide Turco, head of Atlante Ventures.

“We are delighted by the worldwide recognition of the technologies developed by Yogitech, a company that has continued to invest in the innovation of its products even in troubled times for the market” declared the President of SICI, Massimo Abbagnale. “We believe that, thanks also to this new investment round, the company will be able to reach important results in the mid future.”

 

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