Loquis: €3.78Mln round led by P101 with Lazio Innova
09 June 2024
ROUND
INVESTIMENTI
VENTURE CAPITAL
EQUITY CROWDFUNDIG
STARTUP
Many of you will remember Loquis, the Italian travel podcast platform that ran an equity crowdfunding campaign on Mamacrowd in 2020 with 109 investors for a total of €824,230. Loquis recently featured in a funding round worth €3.78 million led by P101 SGR.
A Record Capital Increase
The financing deal was successfully concluded in late 2023, thanks to a capital increase round led by P101 SGR, a leading Italian venture capital player with a European focus. P101 invested €2.2 million in Loquis through the Program 103 and Azimut Eltif Venture Capital P103 funds, with support from the European Union under the InvestEU Fund.
Strategic Collaborations to Support
The capital round attracted strategic investors such as Lazio Innova, which entered through Lazio Region's INNOVA Venture fund, along with PiCampus and CDP Venture Capital.
In addition, a number of business angels, who have supported Loquis since its inception, including Carlo Feltrinelli, contributed to the success of the deal. Overall, the capital increase saw an increase of €3.78 million, of which €2.7 million came from new investors and €1.1 million through conversion of equity instruments and convertendo agreements.
The Success of the Platform
Loquis in 2023 doubled both its audience figures and its revenues, consolidating its leading position in the Italian travel podcasting market. The platform, developed completely in-house, uses the most advanced technologies to create a unique and engaging user experience, as summarized in the new payoff: "Loquis, a World of Stories," which accompanies the brand's new visual identity from March 2024.
Looking to the future
The capital increase will enable Loquis to undertake new initiatives to develop the platform and expand the business internationally.
The entry of professional investors such as P101 and Lazio Innova is clear evidence of the growing interest VCs are showing in companies already validated by the market through Mamacrowd.
Warnings pursuant to art. 19 para. 2
the crowdfunding services provided by Mamacrowd do not fall under the deposit guarantee scheme established in accordance with Directive 2014/49/EU; the securities and instruments eligible for crowdfunding that can be acquired through this crowdfunding platform do not fall under the investor compensation scheme established in accordance with Directive 97/9/EC.
© 2024 Mamacrowd Srl a company of Azimut Group - VAT number IT07464370969 - Via Timavo 34, 20124 MI - SC € 95.417,54 fully paid up - Crowdfunding service provider authorised by resolution No. 22876 of 08/11/2023