HomeItalyBerkeley SkyDeck Europe, Milano: Fourth Batch of Startups Collect €1.3M in Equity Funding

Berkeley SkyDeck Europe, Milano: Fourth Batch of Startups Collect €1.3M in Equity Funding

Berkeley SkyDeck

With the Demo Day, held in Milan on April, 23, 2024, Berkeley SkyDeck Europe’s fourth acceleration program reached its completion.

The nine startups have taken part in the 6-month acceleration program in Berkeley, California and Milan, Italy. The program’s first month took place at the headquarter of Berkeley SkyDeck, while the final part of the program took place in Milan, Italy, at the MIND, Milano Innovation District. 

Each startup has been supported by 3 mentors from Europe and the United States, selected on the basis of their experience and areas of expertise. Moreover, each startup has been given access to an international network of investors and was trained on fundamental topics such as go to market, product development and fundraising activities. Their endowment at the end of the program consists in €1.3m in equity investments and direct contact with Italian and European investors and stakeholders. 

The program also provided the founders with the resources and networks of some of the best Italian Universities, selected through a tender by Cariplo Foundation. The Universities taing part in the program are: Milan Polytechnic University, University of Milan, IULM Free University of Languages ​​and Communication, University of Eastern Piedmont “Amedeo Avogadro”, University of Insubria, University Institute of Higher Studies of Pavia, and University of Bergamo.

The nine startups included:

  • Audemic.io (UK) working in the “knowledge workers” market which has reached a value of over $169 billion globally in 2022, with an annual growth projection of 8.9% until 2027. 
  • Distinkt (Spain) develops innovative nanotechnology-based fluorescent inks that can be used to print signs, barcodes or QR codes on any material or object, thus certifying their authenticity.
  • INRŌ (France) is an AI-enhanced direct marketing tool for digital brands. Inrō enables brands to nurture a conversation with each customer at scale and engage them with personalized messages based on engagement & purchase history.
  • Kfobix Inc. (US; Delaware) develops a patented superhydrophobic nanocomposite coating, which is lightweight, low-cost, durable, and easily applicable, to prevent ice formation on power lines and wind turbines, enhancing electrical distribution safety and renewable energy efficiency.
  • Klaaryo (Italy) a talent intelligence platform that helps HR teams to find and engage with the best candidates on the market.
  • MON5 (Italy) offers advanced cybersecurity solutions for the manufacturing sector, anticipating the migration of hacker attacks from the IT department to the OT department. Their platform also monitors the performance and power consumption of hardware devices. The startup already collaborates with large companies, including Leonardo.
  • Ochy (France) has developed an advanced AI technology with a proprietary biomechanics algorithm to help runners run more efficiently, minimize the risk of injury and improve performance.
  • Plino (Italy) offers an immediate, error-free system for making strategic business decisions based on data. Powered by Gen-AI, the software integrates all business data, analyses them automatically and replies to any questions in natural language through an intuitive chat interface. 
  • SUPPLAI (Italy) is a streamlined procurement management platform for food and beverage manufacturers SMEs that easily integrates purchase orders, communication and payments with their suppliers. Being AI-powered, Supplai extracts data from files, provides suggestions and creates personalized insights, making procurement activities faster, more efficient and paperless.

Berkeley SkyDeck is an accelerator and a global hub for entrepreneurship, which combines hands-on mentorship with the vast resources of its research university. SkyDeck offers the value of a dedicated investment fund alongside the resources and network of a top university. To date, SkyDeck startups have raised more than $1.7 billion in aggregate. Participating startups have access to SkyDeck’s 600 advisors, 70 industry partners, and a network of more than 510,000 UC Berkeley alumni.

VCWire

25/04/2024