Enry’s Island, an accelerator based in Pescara, Italy, announced on Tuesday that it has secured a €20M capital from LDA Capital.
The Italian company will use the investment to scale its phygital (physical+digital) capabilities, increase international reach, and add 12x to 36x financial value within 3-5 years.
The company also aims to consolidate a worldwide standard protocol for the assessment and evaluation of the startups, based on Enry’s Model intellectual property (IP).
Luigi Valerio Rinaldi, founder, and CEO of Enry’s Island says. “We are excited about our partnership with LDA Capital. Over the course of the next few months, the company will transform into an “S.p.a.” (Italian joint-stock company), allowing the business to scale even faster with LDA’s flexible financing package. We are sure that the relationship with LDA will continue in a mutually gratifying way in the medium and long term horizon, allowing the horses in our stable to become unicorns.”