Fondo Italiano d’Investimento, 360 Capital and Banca Generali invest over 17 million euros in Inxpect

Milan, February 16th2021 – Fondo Italiano Tecnologia e Crescita – FITEC, a leading growth equity fund managed by Fondo Italiano d’Investimento, led a Series B investment round of more than 17 million euros in Inxpect. Existing investor 360 Capital and 8a+ Investimenti (advised by Banca Generali) also invested in the round.

Inxpect, founded in 2015 by CEO Luca Salgarelli, former researcher at Bell Labs and professor of Telecommunications Engineering, is a world leader in radar sensors for robotics and industrial safety applications.

Inxpect designs and manufactures the world’s first and only radar sensors certified for industrial safety applications, revolutionizing the interaction between humans and machines. With more than twenty international patent families, the company is now investigating 3D radar imaging technologies to make collaborative robotics a pervasive technology applicable to a wide range of industrial applications.

Inxpect currently employs more than 40 people in Italy and Israel. Sales doubled in 2020 and the company is building a solid pipeline for its products, particularly in the automotive, logistics and packaging sectors.

After this round, Inxpect will focus on accelerating its R&D investments and on expanding its commercial presence within the collaborative robotics market, which represents a 40 billion euros opportunity.

“Closing an equity financing round during a global crisis was not easy. We are thrilled to be able to take our vision to the next level with the support of an experienced tech growth fund like FITEC.”

said Luca Salgarelli, Founder & CEO, Inxpect.

“Inxpect developed a world class product line and has the potential to become one of the world leaders in industrial sensors for collaborative robotics. We are looking forward to working with Luca and his team to support the company vision”

said Claudio Catania, Senior Partner, FITEC.

As part of the transaction, Claudio Catania will join Inxpect’s Board of Directors. Inxpect is FITEC’s sixth high growth tech investment since 2017.

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Fondo Italiano d’Investimento SGR

Founded in 2010 at the initiative of the Ministry of Economy and Finance (MEF) and participated by CDP Equity, Intesa Sanpaolo, UniCredit, ENPAM Foundation, ENPAIA Foundation, ABI, Banco BPM, and BPER Banca, Fondo Italiano d’Investimento SGR's main objective is to manage closed-end mutual funds aimed at channelling capital towards the system of excellent Italian companies, combining the goal of return on invested capital in line with international benchmarks with that of fostering the growth of the Italian productive system. Fondo Italiano manages 21 closed-end mutual funds reserved for qualified investors, totalling over Euro 4 billion of capital under management, and operates through direct and indirect investments (fund of funds). Fondo Italiano considers sustainability a fundamental value and is committed to integrating environmental, social, and governance (ESG) criteria into its investment activities.

For further information

Roberto Travaglino

Fondo Italiano d’Investimento SGR

+39 02 63532 208

roberto.travaglino@fondoitaliano.it

Thanai Bernardini

External press office

+39 335 7245418

me@thanai.it

Alessandro Bozzi Valenti

External press office

+39 348 0090866

alessandro.valenti@thanai.it