TiAssisto24, a Rome, Italy-based startup that operates an online and mobile assistance platform for car and bike owners, raised €350k in seed funding.
Backers included LVenture Group (MTA: LVEN) (€75k), FIRA (€250k), and some business angels. It will receive the funds in thwo tranches, the first amounting to €250k, the second amounting to €100k.
The company intends to use the funds to continue to develop the technology and expand the business in Italy and Europe and in additional verticals such as the enterprise and SME markets.
Led by Michele Romagnoli, CEO, TiAssisto24 allows car and bike owners to receive assistance from a geo-localized network of experts who manage compliance, insurance, tire changing, tow services, legal assistance, etc.
The startup was part of LUISS ENLABS’ fifth batch, which closed earlier this year.