PANews reports on April 3rd that according to Startupitalia, luxury fragmented investment platform Collecto has completed a seed round financing of 2.8 million euros (approximately 3.05 million dollars). Investors include LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, McKinsey senior partner Andrea Travasoni and Guido Frisiani, Wind Tre Italy Co-CEO Gianluca Corti, BCG senior consultant and former ING Italy CEO Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso, and multiple seed round investors. The financing structure includes 2.3 million euros in equity financing and 500,000 euros from Italy's Economic Development Department's "Smart&Start Italia" startup support program.
According to the introduction, Collecto is a platform that democratizes luxury collections by providing partial ownership of exclusive items, including modern art, luxury watches, and investment-grade wines.
