New round of investments for Finapp worth 1.2 million euros

Press release
Press review August 2022

For Finapp 2022 continues in the sign of growth.

We are pleased to inform you that on 28 July 2022 we closed the second capital increase of 1.2 million euros.

An important milestone demonstrating that Finapp is confirmed to be one of the most interesting realities of the Paduan technological panorama thanks to its innovative sensor for measuring the water content of the soil based on the measurement of environmental neutrons produced by cosmic rays (Cosmic-Ray Neutron Sensing).

The new corporate operation, in addition to the participation of Progress Tech Transfer, the fund launched by MITO Technology and dedicated to the enhancement of technologies in the field of sustainability, sees the entry into the share capital of Credit Agricole Italia and Tech4Planet, the Technology Transfer Hub promoted by CDP Venture Capital

The entry of new partners will allow Finapp to be increasingly at the forefront and to increase its customer portfolio on a global scale.

"The important drought we are experiencing and global climate change - explains founder Luca Stevanato - set us important goals for the future, it is time to act immediately to mitigate what is happening as much as possible. In this context, Finapp, thanks to the innovative sensor for measuring water through cosmic rays, can make a great contribution".

To read the press review click here