Conio, a fintech startup company providing blockchain services to banks and financial institutions, announced yesterday that it raised 3 million dollars in a new investment round from a group of strategic investors gathered and coordinated by its advisor Innova et Bella (download here the press release).
The deal was conducted on the basis of valuation of more than 40 million dollars for the company.
Conio was founded in 2015 in San Francisco by Italians Christian Miccoli (former ceo CheBanca! the innovative retail bank of Gruppo Mediobanca, and former inventor of the successful Ing Direct’s online deposit account Conto Arancio) and by Vincenzo Di Nicola (a young data scientist with a master in computer science at Stanford, ceator of the Gopago technology that he then sold to Amazon).
Poste Italiane had invested 3 million euros in 2016 for a 20% stake in Conio, so this is the company’s second round. New shareholders are now Banca Finanziaria Internazionale, Fabrick, Boost Heroes, angels from the Italian Angels for Growth network and David Capital (an investment company founded by Andrea de Vido, former co-founder of Finanziaria Internazionale) and other investors.