Filo, a startup that graduated from the LUISS ENLABS accelerator program, just closed a new round of funding of €500k The investment was made by LVenture Group and some business angels of which some are part of Angel Partner Group.
 
According to Luigi Capello, founder of LUISS ENLABS and CEO of LVenture Group – “The sector of hardware production has received much attention from international investors in recent years. We are very pleased to have invested in Filo and the significant round that has been closed confirms it. Once again, the positive results are a proof of the effectiveness of the operative approach that we adopt towards startups in which we invest and participate in LUISS ENLABS Acceleration Program”.
 
Filo has created a device that uses Bluetooth technology and helps to keep important things under control. Through the app, available for all smartphones, it is possible to check the position of objects, people or animals, to which Filo, which emanates a sound for the localization when needed, is attached. In addition, it is possible to track the associated smartphone by pressing the button on Filo.
 
“We will use the new funds for the expansion of the product on the domestic and European markets and the expansion of our team – declares Giorgio Sadolfo CEO and founder of Filo – In addition, we will invest in research and development to launch new solutions in the field of tracking“.
 
Emilia Pezzini, LUISS ENLABS
 

LUISS ENLABS is a startup accelerator from the Rome ecosystem, part of the TWIST partnership, under the StartUp Europe umbrella. StartUp Europe aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU.




TWIST DIGITAL is the H2020 action, under the Startup Europe umbrella, that provides Transregional Web Innovative Services for Thriving Digital and Mobile to web entrepreneurs aiming at scaling up and competing in the global market around 4 interconnected web entrepreneurship startup ecosystems and hubs (Rome, Lille, Stockholm and Warsaw).
 
Startup Europe aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU. Startup Europe contributes to the Entrepreneurship 2020 Action Plan.
Startup Europe's objectives are:
  • to reinforce the links between people, business and associations who build and scale up the startup ecosystem (e.g. the Web Investors Forum, the Accelerator Assembly, the Crowdfunding Network) 
  • to inspire entrepreneurs and provide role models (e.g. the Leaders Club and their Startup Manifesto, the Startup Europe Roadshow)
  • to celebrate new and innovative startups (with Tech All Stars and Europioneers), help them to expand their business (Startup Europe Partnership, ACE Acceleration Programme), and give them access to funding under Horizon 2020.