Filo, startup that graduated from our accelerator program, just closed a new round of funding of €500k The investment was made by LVenture Group and some business angels of which some are part of Angel Partner Group.
According to Luigi Capello, founder of LUISS ENLABS and CEO of LVenture Group – “The sector of hardware production has received much attention from international investors in recent years. We are very pleased to have invested in Filo and the significant round that has been closed confirms it. Once again, the positive results are a proof of the effectiveness of the operative approach that we adopt towards startups in which we invest and participate in LUISS ENLABS Acceleration Program”.
Filo has created a device that uses Bluetooth technology and helps to keep important things under control. Through the app, available for all smartphones, it is possible to check the position of objects, people or animals, to which Filo, which emanates a sound for the localization when needed, is attached. In addition, it is possible to track the associated smartphone by pressing the button on Filo.
“We will use the new funds for the expansion of the product on the domestic and European markets and the expansion of our team – declares Giorgio Sadolfo CEO and founder of Filo – In addition, we will invest in research and development to launch new solutions in the field of tracking“.