Filo, a Rome, Italy-based IoT startup that makes products for people to track their real things, raised €2.5m in debt and equity funding.
The equity round was led by LVenture Group, Pi Campus, Al.Pe Invest and business angels.
The company, which has a team of 20 people, intends to use the funds to launch Tata Pad and expand in international markets.
Founded in 2014 by Giorgio Sadolfo, Lapo Ceccherelli, Andrea Gattini and Stefania De Roberto, Filo provides Filo Tag, a tracker bluetooth that allows people to find their common use objects such as keys and wallets, among others, and Tata Pad, a by-law warning device which detects the presence of their children on car seats and warns parents and their loved ones in emergency cases even with switched-off or down mobile phones and without newtork coverage. The company’s technology has IPs in 30 countries.
Filo was accelerated within LUISS EnLabs, the program of LVenture Group and currently work within Pi Campus.