Insem Spa, a developer of digital marketing solutions, received a €1m funding from Holding di Iniziativa Industriale S.p.A. (H2I).
Holding di Iniziativa Industriale, the investment vehicle of In Prendo Group, acquired a 20% stake in the company and agreed to grow up to 45% in the future. The investment was comprised of an equity part and a convertible loan.
The company intends to use the proceeds to develop operations in Italya and abroad, starting with Germany, where they already are present.
Founded in 2010 and led by President Tommaso Gerardo Pappagallo, Managing Director Carmine Pappagallo and Chief Executive Officer Antonio Conza, Insem develops digital marketing solutions (SEO, PPC, and Web Design, mobile sites, ecommerce, and mobile apps) for small-to-medium sized companies and customized online business projects for large companies.
The company, which has offices in Milan, Florence and Naples, has grown approximately 60% yoy with a production value of approx. €3.9m (ebitda approx. €760) in 2013.
FinSMEs
14/04/2014