Covision Media secures €5 million in funding
Deal News | Apr 02, 2025 | Legal Community Italy
Covision Media S.r.l., an innovative startup specializing in automated 3D scanning technology, has successfully closed a financing round raising €5 million. This funding round was led by CDP Venture Capital SGR S.p.A. and included investors Euregio+, Redstone, and The Techshop SGR S.p.A. The capital injection aims to bolster Covision Media's commercial expansion and further its AI development initiatives. Legal advisory services for Covision Media were provided by Orrick, while Legance assisted CDP Venture Capital. Euregio+ and Redstone were advised by Osborne Clarke, and The Techshop SGR S.p.A. was represented by Ughi Nunziante. This collaboration with European and US-based business angels is set to propel the startup's growth in the emerging sector of digital twins created from physical objects via advanced 3D scanning technology. The advisers played a crucial role in securing this investment, positioning Covision Media for strategic expansion both commercially and technologically.
Sectors
- Technology
- Venture Capital
- Legal Services
Geography
- Italy – Covision Media, along with several legal advisors and investors like CDP Venture Capital, is based in Italy.
- Europe – Investors like Euregio+ and Redstone, as well as some business angels, are European entities contributing to the round.
- United States – US-based business angels also participated in the funding round, signifying international interest and investment.
Industry
- Technology – The article is centered around a technology startup, Covision Media, which specializes in 3D scanning technology and AI solutions.
- Venture Capital – The funding round led by CDP Venture Capital SGR and participation by other investors illustrates the venture capital dynamics in the funding process.
- Legal Services – Various law firms including Orrick, Legance, Osborne Clarke, and Ughi Nunziante played significant roles in advising the entities involved in the transaction.
Financials
- €5 million – The total amount raised by Covision Media in the current funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Covision Media S.r.l. | Target Company | Company | An Italian startup providing innovative 3D scanning solutions through AI technology. |
| CDP Venture Capital SGR S.p.A. | Investor | Company | An Italian venture capital firm that led the €5 million funding round. |
| Euregio+ | Investor | Company | A participant in the funding, a European investment entity. |
| Redstone | Investor | Company | A participant in the funding, a European venture capital firm. |
| The Techshop SGR S.p.A. | Investor | Company | Participated in the funding round, an Italian investment company. |
| Orrick | Legal Advisor | Company | Law firm advising Covision Media during the funding round. |
| Legance | Legal Advisor | Company | Law firm advising CDP Venture Capital during the funding process. |
| Osborne Clarke | Legal Advisor | Company | Law firm advising Euregio+ and Redstone in the transaction. |
| Ughi Nunziante | Legal Advisor | Company | Law firm advising The Techshop during the funding process. |
| Business Angels | Investor | People | European and US-based individual investors contributing to the funding round. |