Radical Storage closes $7M round
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Radical Storage, an online platform that allows travelers to temporarily store their luggage using unused spaces in commercial establishments around the world, has closed a Series A round of 7 million dollars, part of which (2 million) was raised through an equity crowdfunding campaign on Mamacrowd.
The operation was led by CDP Venture Capital, through the Digital Transition fund, financed by the EU through NextGeneration EU and aimed at the digitalization of supply chains and SMEs, Azimut, through the Azimut Eltif Venture Capital – ALIcrowd III fund, and Opes Italia Sicaf, an impact investment fund. Finint Investments also participated in the operation, together with the current partner Vertis, through the Vertis Venture 2 Scaleup and Vertis Venture 4 Scaleup Lazio funds.
Radical storage closes $7M round
The company will focus on accelerating the growth that began in 2021. Radical Storage was supported by Growth Capital, a leading tech investment bank in the venture capital ecosystem, which acted as the sole financial advisor to the transaction. Alma LED, Giovannelli e Associati and Squire Patton Boggs acted as legal advisors to the parties involved.Supporting the operation
The operation was led by CDP Venture Capital, through the Digital Transition fund, financed by the EU through NextGeneration EU and aimed at the digitalization of supply chains and SMEs, Azimut, through the Azimut Eltif Venture Capital – ALIcrowd III fund, and Opes Italia Sicaf, an impact investment fund. Finint Investments also participated in the operation, together with the current partner Vertis, through the Vertis Venture 2 Scaleup and Vertis Venture 4 Scaleup Lazio funds.