40Factory has secured €4 million in Series A funding from Gefran S.p.A., acquiring a strategic partnership to enhance its industrial IoT solutions.
Target Company Overview
40Factory, an Italian scaleup specializing in industrial IoT solutions, has successfully secured €4 million in a Series A funding round, which was fully subscribed by Gefran S.p.A. This investment allows Gefran to acquire a 22% equity stake in 40Factory, establishing a strategic alliance that merges industrial expertise with advanced digital technologies designed for connected machinery.
This investment is a significant milestone for 40Factory, which reported revenues exceeding €1.5 million in 2024, with a target of reaching €3 million by 2025. This Series A round follows an earlier seed investment completed in 2022, where Bit Atlas and Cenciarini & Co were among the initial supporters of the company.
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Industry Overview
The industrial IoT sector in Italy is experiencing robust growth, fueled by an increasing demand for automation and digitalization in the manufacturing process. As businesses seek to optimize efficiency and productivi
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Gefran S.p.A.
invested in
40Factory
in 2024
in a Series A deal
Disclosed details
Transaction Size: $4M
Revenue: $2M