Phononic Vibes’s €6 Million Round Financing

CDP Venture Capital SGR was assisted by EY on the deal, while ALMA Società tra Avvocati advised Phononic Vibes, the Founders, EUREKA! Venture SGR and 360 Capital.

Phononic Vibes, a deeptech startup developing innovative solutions for noise and vibration reduction, announces the completion of a new €6 million capital increase.

The deal is led by CDP Venture Capital SGR through the “Corporate Partners I” Fund, a Corporate Venture Capital fund that aims to involve leading Italian industrial companies to grow the Italian ecosystem by investing and supporting innovative startups and SMEs in the most strategic sectors for the country such as IndustryTech, EnergyTech, ServiceTech and InfraTech.

In particular, the IndustryTech segment, which followed the investment in Phononic Vibes, intervenes to enhance the industrial and manufacturing sector.

At the same time, Eureka! Fund I – Technology Transfer that 360 Capital – 360 Polimi TT Fund (Poli360) – reinvests in this round of funding, confirming the validity of the Company’s achievements and future prospects for further development.

Phononic Vibes was founded in 2018 as a spin-off of the Politecnico di Milano, at the initiative of a group of researchers eager to exploit the technical knowledge developed at PoliMi and MIT in Boston in the field of metamaterials, i.e., advanced materials for acoustic and vibration control, whose performance is defined by the shape and topology of the unit cell and therefore independent of the raw material itself.

The new financial resources will be used to invest in the technological development of products for the above-mentioned areas, to expand the customer portfolio by strengthening the facilities and team, with new skills related to the production and marketing of products.

CDP Venture Capital SGR was assisted by the law and tax firm of EY with a team composed of Renato Giallombardo, leading M&A and private equity partner, senior manager Luca Spagna, manager Stefano Casamassima and senior Margherita Mercatali.

The Company, the Founders, EUREKA! Venture SGR and 360 Capital were instead assisted by ALMA Società tra Avvocati, with a team of professionals composed of Partner Roberto Nigro (Picture) and Associates Sara Aratari and Giordana Rossi.

The notarial aspects of the transaction were followed by Notary Giovannella Condò, co-founder of the Milano Notai firm.

Involved fees earner: Sara Aratari – Alma STA; Roberto Nigro – Alma STA; Giordana Rossi – Alma STA; Stefano Casamassima – EY (Ernst & Young); Renato Giallombardo – EY (Ernst & Young); Margherita Mercatali – EY (Ernst & Young); Luca Spagna – EY (Ernst & Young);

Law Firms: Alma STA; EY (Ernst & Young);

Clients: 360 Capital Partners; Cdp Venture Capital sgr; Eureka! Venture SGR S.p.A.; Phononic;