Shock Horror! Berlin VC Invests In Italian Startup. Is This The Start Of Something?

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Daily Crunch: Car Tracking

Point Nine Capital has made a seed investment into Cibando, an Italian startup which operates a popular iPhone application that makes it easy to find the best restaurants in Rome, Milan, Florence and other cities in Italy. Fabio Pezzotti, one of Italy’s more successful Internet entrepreneurs and angel investors, also participated in the round. Terms of the investment were not disclosed. The deal is significant since it’s the first investment by Point Nine in a startup in Italy, a market traditional vastly under-served by risk capital. Outside of traditional e-commerce style businesses, there remains very few Italian startups compared to the rest of Europe’s major countries.