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INDUSTRY FIRST

Subbyx raised €20 million in a seed round led by Azimut to enhance its platform for sustainable subscription services.

Feb 02, 2025•7 months ago

Amount Raised

€20 Million

Round Type

seed

MilanRetailE Commerce

Investors

Azimut Eltif Venture CapitalFndxAzimut Venture Capital

Description

Subbyx, a startup focused on flexible subscription services for technology products, has closed a seed funding round totaling €20 million. The round was led by Azimut Venture Capital and aims to bolster the company's growth and platform development.

Company Information

Company

Subbyx

Location

Milan, Lombardy, Italy

About

Subbyx is a startup focused on providing a flexible, simple, and sustainable subscription service for technology products and small household appliances. Since its market launch, Subbyx has gained over 7,500 active subscriptions and achieved significant annual recurring revenue. The company aims to revolutionize access to goods and services through innovative subscription models, positioning itself as a leader in the subscription economy in Italy. It also emphasizes sustainability and the importance of a circular economy in its business approach.

Company News

(1 articles)

Fri, 29 Nov 2024 08:00:00 GMT

Subbyx teams up with Fiorentina - - ACF Fiorentina

FundzWatch™ Score

Medium Activity

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