hlpy, a Milan, Italy-based company which specializes in full digital services for mobility and vehicle assistance, raised €18M in funding.
The round was led by Nextalia SGR through the Nextalia Venture fund and the current partner Sinergia Venture Fund of Alkemia Capital SGR, with participation from The Techshop SGR, CDP Venture Capital – fondo Corporate Partners I, ServiceTech, and Simest. The Series B consists of 80% capital increase and 20% long-term financing provided by credit institutions.
The company intends to use the funds to consolidate its position in the market and expand operations.
Founded in in May 2020 and led by CEO Valerio Chiaronzi, hlpy aims to create value for insurance companies, car manufacturers, rental companies, rescue operators, and, above all, to make the service more reliable and secure for end users.
The company also acquired HESASolutions GmbH – MySchleppApp, an operator in Germany in digital roadside assistance. The acquisition of MySchleppApp allows hlpy to consolidate its position as the primary European operator of full-digital roadside assistance, offering its services not only in Italy, France, and Spain but also in Germany and Austria. These services include assistance, repair, and vehicle maintenance through the use of a software platform based on machine learning and artificial intelligence.
FinSMEs
25/09/2024