To Be announces the successful completion of a new fundraising round, raising over one million euros through two capital increases within just a few months.
To Be raises over €1 million in seed funding
In November 2023, To Be launched an equity crowdfunding campaign on Mamacrowd, exceeding its target of €900,000. The campaign attracted additional support from Azimut Eltif – Venture Capital ALIcrowd III and Magic Spectrum, a CDP Venture Capital accelerator program focused on 5G and IoT. The round also included participation from Zest, Fondazione Compagnia San Paolo, and 97 individual investors.
In July 2024, following its successful participation in the InnovaCultura empowerment program organized by Regione Lombardia, Fondazione Cariplo, and Unioncamere Lombardia, Fondazione Social Venture Giordano Dell’Amore, Fondazione Cariplo's impact investing arm, contributed an additional €150,000. This brought To Be's total seed funding to over one million euros.
How To Be will use the funds
The funds will primarily be used to expand the team, strengthening To Be’s organizational structure across various departments. The company will also initiate new strategic and commercial partnerships with telecom companies, system integrators, and design firms. Additionally, part of the capital will be allocated to begin expanding internationally, with an initial focus on European markets.
