PANews reported on April 3 that according to Startupitalia, Collecto, a fragmented luxury investment platform, has completed a seed round of financing of 2.8 million euros (about 3.05 million US dollars), 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 consultant and former ING Italy CEO Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso and several seed round investors. This round of financing includes 2.3 million euros in equity financing and 500,000 euros from the Italian Ministry of Economic Development's "Smart&Start Italia" entrepreneurial support program.
According to reports, Collecto is a platform that democratizes luxury collection by offering fractional ownership of exclusive items, including modern art, luxury watches and investment-grade wines.
