Fubles Receives Equity Investment

According to EconomyUp, Fubles, a Milan, Italy-based provider of a platform to organize football matches with people around, received an equity investment from Red Circle Investment.

Owned by Renzo Rosso (Diesel)’s family, Red Circle acquired a 15% stake in the company. Anyways, the amount of the deal was not revealed.

Led by Mirko Trasciatti, Stefano Rodriguez, and Giuseppe DeGiorgi, Fubles is a social sport sharing platform with an active sport community in Europe, which allows users to efficiently organize sport matches of all types by connecting players, games and venues in an area. Anyone can sign up for free and organize games with friends or participate in games already scheduled.

The company had already raised €300k in 2011 (read here).

For Renzo Rosso, this is not the first investment in the startup arena. Among others, he had already injected money in H-Farm, the venture incubator led by Riccardo Donadon and Maurizio Rossi (read here). Red Circle had invested in Estrima in October 2012 (read here)

FinSMEs

09/10/2013

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