Italy, Montalbano Technology Raises €2M

Montalbano Technology S.p.A., a Pistoia, Italy-based company which develops devices for monitoring the exposure of perishable products and materials, has received a €2m investment from Toscana Innovazione, the Tuscany Region backed venture capital fund managed by SICI – Sviluppo Imprese Centro Italia and FidiToscana.
The investment, made through equity and the subscription of convertible bond, will allow SICI e FidiToscana to take a 24% stake in the company.
Montalbano Technology offers tags based on a micro-computer with sensors and a radio frequency interface designed to monitor the exposure of perishable products and industrial materials in an environmental factor, such as heat.


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