Enry’s Island, an accelerator based in Pescara, Italy, announced on Tuesday that it has secured a €20M capital from LDA Capital.
The Italian company will use the investment to scale its phygital (physical+digital) capabilities, increase international reach, and add 12x to 36x financial value within 3-5 years.
The company also aims to consolidate a worldwide standard protocol for the assessment and evaluation of the startups, based on Enry’s Model intellectual property (IP).
Luigi Valerio Rinaldi, founder, and CEO of Enry’s Island says. “We are excited about our partnership with LDA Capital. Over the course of the next few months, the company will transform into an “S.p.a.” (Italian joint-stock company), allowing the business to scale even faster with LDA’s flexible financing package. We are sure that the relationship with LDA will continue in a mutually gratifying way in the medium and long term horizon, allowing the horses in our stable to become unicorns.”
The announcement comes three months after raising €500K led by Italian investment company Key Capital to support the international scale-up plan and dual listings in its upcoming IPOs.
Enry’s Island: What you need to know
Founded by Luigi Valerio Rinaldi in 2012, Enry’s Island is a complete incubation & accelerator platform offering a wide range of services through several branches strategically placed in different countries.
The platform offers 12-month incubation and acceleration programme, totally customised to the needs of startups, with investments of €200K in operational services.
Enry’s Island witnessed a drastic growth in the last three years. The company has recorded average increases of +350 per cent on all main KPIs (Key Performance Indicator), with an increase in the value of the companies in its portfolio from €2M to €40M.
The company currently counts on a network of over 800 professionals across the globe including founders, professionals, investors, and media.
Eventually, the patented model has been adopted by many Italian and foreign companies. The Enry’s Model is also part of the “Enry’s Theory” manual of business management, published by MacGraw-Hill.
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