Qomodo Secures €13.5 Million Series A Funding Led by RTP Global
Deal News | Jan 21, 2025 | Finance Community IT - 3 Private Equity
Qomodo, a promising Italian fintech firm specializing in digital payment solutions for physical retail stores, has successfully closed a Series A funding round amounting to €13.5 million. This round was led by RTP Global, making its debut investment in the Italian market, and co-led by LMDV Capital. The round also saw participation from notable investors, including Proximity Capital, Primo Capital, and influential family offices like Elkann-Agnelli, Berlusconi, and Moratti, with Leonardo Maria Del Vecchio joining in this round. Qomodo, founded by Gianluca Cocco and Gaetano de Maio, has demonstrated remarkable growth since its commercial launch just a year ago, having raised over €48 million in total funding. The company plans to use these funds to expand its offerings by integrating AI technologies, supporting over 2,500 merchants, developing new products, and attracting top tech talent. Qomodo aims to bridge the gap between online and physical retail sectors, enhancing convenience for both merchants and consumers. The executive leadership from RTP Global and LMDV Capital expressed strong confidence in Qomodo's vision and its potential to dominate the Italian fintech landscape.
Sectors
- Fintech
- Venture Capital
- Retail Technology
Geography
- Italy – The article is centered around Qomodo, an Italian company, and its operations in the Italian market.
- Global – RTP Global, an international venture capital firm, is participating in this funding round, indicating a broader interest beyond Italy.
Industry
- Fintech – Qomodo is involved in fintech by providing innovative digital payment solutions, including buy now pay later, for physical retail stores.
- Venture Capital – RTP Global and LMDV Capital are venture capital firms investing in Qomodo's growth, indicating the involvement of this industry.
- Retail Technology – Qomodo aims to enhance the retail experience by integrating digital payment technologies, making this industry relevant.
Financials
- €13.5 million – The amount raised by Qomodo in the Series A funding round.
- €48 million – Total funding raised by Qomodo to date, including both equity and credit facilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qomodo | Target Company | Company | An Italian fintech providing digital payment solutions. |
| RTP Global | Lead Investor | Company | An international venture capital firm making its first investment in Italy. |
| LMDV Capital | Co-lead Investor | Company | Venture capital firm involved in co-leading the Series A round. |
| Proximity Capital | Investor | Company | Participated in the Series A round and previous funding round. |
| Primo Capital | Investor | Company | Participated in the Series A round and previous funding round. |
| Leonardo Maria Del Vecchio | Investor | Person | Within the participating family offices supporting Qomodo. |
| Gianluca Cocco | CEO and Co-founder | Person | Co-founder of Qomodo and responsible for its strategic direction. |
| Gaetano de Maio | COO and Co-founder | Person | Co-founder of Qomodo actively involved in operations and strategy. |