Boost VC co-invests with LVenture Group in Screevo
Boost VC co-invests with LVenture Group in Screevo
  • The Silicon Valley’s Boost VC fund co-invests 500 thousand dollars in Italian startup Screevo, currently attending LVenture Group’s LUISS EnLabs Acceleration Program.

  • Screevo is developing a digital assistant for voice control of machinery for Industry 4.0 and industrial automation.

Boost VC, the pre-seed Venture Capital fund based in the Silicon Valley, has signed a co-investment agreement for Screevo, a startup attending the latest batch of LUISS EnLabs Acceleration Program, owned by LVenture Group and born from a joint venture with the Luiss University.

The US fund participates in the startup’s capital for an amount of 500,000 dollars, on top of LVenture Group’s investment in the acceleration phase. Screevo will be supported by LVenture Group in the development on the Italian and European market, while Boost VC and its network will help the startup grow in the United States.

Screevo is a voice assistant for Industry 4.0 that enables simplified voice control of machines or software systems, allowing manufacturing professionals to save up to 40% of their time and focus on tasks with greater added value, greatly automating the data entry processes.

«The investment of Boost VC, in an Italian startup that has recently started our Acceleration Program is a good sign in our country’s entrepreneurial scenario, it means we are competitive and mature enough to attract an important player in the Silicon Valley. This operation consolidates our business model, which aims to develop the best startups in Italy and scale them globally, for a relevant added» said Luigi Capello, CEO of LVenture Group.

«The Boost VC co-investment certifies LUISS EnLabs’ skills in selecting startups with a strong vocation for scalability, which can grow internationally thanks to its ecosystem. Screevo will go through our Program with a total investment of over 600 thousand dollars, and we are sure that their team will be able to face the challenges of the future of Industry 4.0» said Giulio Montoli, Head of Acceleration of LVenture Group.

«We are very happy with this funding round, and we thank LVenture Group and Boost VC for believing in us. Screevo’s mission is to enhance manufacturing professionals, who will be able to focus on what they do best: create value with their hands. We are convinced that this is the first boost towards the digitalization of Italian manufacturing and beyond», said Domenico Crescenzo, CEO of Screevo.

Related Could it be interesting for you
How to StartUP | Managing a Growing Team
Innovation, Startups, #HowtoStartUP 15 Feb 2024
How to StartUP | Managing a Growing Team

The core element in the success of any entrepreneurial venture is the team. When we talk about startups, businesses that…

How to StartUP | Set up and manage a B2E funnel (Ep. #1)
Startups, #HowtoStartUP 16 Jan 2024
How to StartUP | Set up and manage a B2E funnel (Ep. #1)

B2B is certainly not an easy playing field for a startup. When then the B of "Business" refers to "Enterprise,"…

ReLearn scored a € 1 million Seed Investment round
Startups, Clean Tech, ZERO, Innovation 14 Nov 2023
ReLearn scored a € 1 million Seed Investment round

ReLearn, an Italian "cleantech" startup active in the waste management sector, has closed a major €1 million seed investment round.…

LVenture Group announces the exit from the startup Filo
Innovation, Startups, Venture Capital 04 May 2023
LVenture Group announces the exit from the startup Filo

• Filo, a software house specialised in IoT products based on proprietary Bluetooth technology, has been acquired by Traveler Innovations…

Reasoned Art closes €1.4 million international seed round and plans entry into the Korean market with Monuverse project
Startups, Venture Capital 03 May 2023
Reasoned Art closes €1.4 million international seed round and plans entry into the Korean market with Monuverse project

Reasoned Art, an Italian startup in the Art Tech industry founded by Giulio Bozzo and Andrea Marec, has announced the…

PipeIn scored a €725K Pre-Seed Investment round
Clean Tech, Startups 18 Apr 2023
PipeIn scored a €725K Pre-Seed Investment round

PipeIn, a deep-tech startup that develops innovative solutions for predictive pipeline maintenance, has scored its first €725K pre-seed investment round,…