The luxury fragmented investment platform Collecto has completed a seed round financing of approximately $3.05 million, with multiple seed round investors participating
ChainCatcher news, according to Startupitalia, the luxury fragmented investment platform Collecto has completed a €2.8 million (approximately $3.05 million) seed round financing, with participation from LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, McKinsey Senior Partners Andrea Travasoni and Guido Frisiani, Wind Tre Italy Co-CEO Gianluca Corti, BCG Senior Advisor and former CEO of ING Italy Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso, and several seed round investors. This round of financing includes €2.3 million in equity financing, as well as €500,000 from the Italian Ministry of Economic Development's "Smart&Start Italia" startup support program.
It is reported that Collecto is a platform that democratizes luxury collection by offering fractional ownership of exclusive items, including modern art, luxury watches, and investment-grade wine.