Subbyx raised €20 million in a seed round led by Azimut to enhance its platform for sustainable subscription services.
Subbyx raised €20 million in a seed round led by Azimut to enhance its platform for sustainable subscription services.
02/02/25, 10:05 PM
Location
milanMoney raised
€20 million
Industry
retail
e commerce
Round Type
seed
Investors
Azimut Eltif Venture Capital, Fndx, Azimut Venture Capital
Subbyx, a startup focused on flexible subscription services for technology products, has closed a seed funding round totaling €20 million. The round was led by Azimut Venture Capital and aims to bolster the company's growth and platform development.
Company Info
Location
milan, lombardy, italy
Additional Info
Subbyx is a startup focused on providing a flexible, simple, and sustainable subscription service for technology products and small household appliances. Since its market launch, Subbyx has gained over 7,500 active subscriptions and achieved significant annual recurring revenue. The company aims to revolutionize access to goods and services through innovative subscription models, positioning itself as a leader in the subscription economy in Italy. It also emphasizes sustainability and the importance of a circular economy in its business approach.