Wiva Group S.p.A., a Florence, Italy-based that designs and sells safe, innovative and green light sources and electric products, has received a €1.2m convertible bond loan from SICI Toscana Innovazione.
The company intends to use the proceeds from the financing to conduct R&D activities and expand its marketing efforts.
Founded in 2007, and led by CEO Giuseppe Ranieri, Wiva Group produces and sells light products for the professional, building and commercial markets.
The company focuses on devoloping energy saving and safe solutions and its brand, Wiva, is available through large distribution retailers and electric resellers.
FinSMEs
10/03/2011