Qomodo Secures €13.5 Million in Series A Funding Round
Deal News | Jan 22, 2025 | Legal Community Italy
Qomodo, an Italian fintech company known for bringing digital payment solutions, including 'buy-now-pay-later' options to physical retail stores, has successfully raised €13.5 million in a Series A equity round. This funding brings Qomodo's total capital raised to €48 million. The investment round was led by RTP Global, marking their first investment in Italy, alongside LMDV Capital, the investment vehicle of Leonardo Maria del Vecchio. Other significant participants included Proximity Capital, Mercurio Holding, and funds managed by Primo Capital, who are previous investors. Well-known venture capital firms such as Fasanara Capital, Exor Ventures, Ithaca Investments Ltd, and Plug and Play Tech Center have previously supported Qomodo. The investment aims to support Qomodo's growth strategy, which focuses on expanding its product offerings, implementing new AI applications, and attracting new tech talent. Legal advisory support for the transaction was provided by BonelliErede and Orrick, while notarial activities were managed by Notaio Alessandra Radaelli.
Sectors
- Fintech
- Venture Capital
- Legal Services
Geography
- Italy – Qomodo is an Italian fintech company, and this investment marks RTP Global’s first venture in Italy, indicating the local geographic focus of the business operations and investments.
- International – RTP Global, a significant participant in the funding round, is an international venture capital firm, illustrating the cross-border investment dynamics.
Industry
- Fintech – Qomodo operates in the fintech industry, focusing on digital payment solutions and innovations like buy-now-pay-later, contributing to the advancement of financial technology.
- Venture Capital – The article highlights the investment activities of venture capital firms like RTP Global and LMDV Capital investing in Qomodo's Series A funding round.
- Legal Services – Legal partners and advisors, such as BonelliErede and Orrick, played crucial roles in facilitating the investment transaction, showcasing the legal industry's involvement in financial deals.
Financials
- €13.5 million – The amount raised by Qomodo in its latest Series A equity funding round.
- €48 million – The total funding raised by Qomodo up to date, including the latest round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qomodo | Target Company | Company | An Italian fintech firm offering digital payment solutions including buy-now-pay-later options. |
| RTP Global | Lead Investor | Company | An international early-stage venture capital firm leading its first investment in Italy through the Qomodo deal. |
| LMDV Capital | Co-Lead Investor | Company | The investment vehicle of Leonardo Maria del Vecchio co-leading the investment round in Qomodo. |
| Proximity Capital | Investor | Company | A participant in the investment round, previously involved with Qomodo's funding. |
| Mercurio Holding | Investor | Company | Investing in the current round, having engaged in prior investments with Qomodo. |
| Primo Capital | Investor | Company | Funds managed by Primo Capital participated in the investment, continuing their previous support. |
| BonelliErede | Legal Advisor | Company | Advised LMDV Capital and RTP Global on legal matters during the transaction. |
| Orrick | Legal Advisor | Company | Provided legal assistance to Qomodo throughout the investment process. |
| Occhiuto Legal | Legal Advisor | Company | Represented investors Primo Capital, Proximity Capital, and Mercurio Holding. |
| Notaio Alessandra Radaelli | Notary | Person | Handled the notarial activities for the transaction as co-founder of Studio Ricci Radaelli. |