Change of hand for Lybratech, a technological startup that is acquired by the Zucchetti group at the same time as the LVenture Group exit. The divestment of the entire stake of LVenture Group – 51% – generated a cash-in equal to 977 thousand euros with a capital gain on invested capital of 747 thousand euros and a cash-on-cash multiple of 4.25x. But the operation is worth a total of 10 million euros.
LybraTech relies on software based onartificial intelligence which allows hotels to identify the sale price of the rooms suitable for maximizing earnings. Thanks to its proprietary technology, it is able to adjust prices dynamically and in real time, allowing hotels to maximize revenues.
The startup was accelerated by LVenture Group during the 13th edition of its Luiss EnLabs acceleration program in 2018 and in June 2019 it closed a investment round of 560 thousand euros led by LVenture Group together with Angel Partner Group business angels (later merged into Italian Angels for Growth) and Pi Campus.
LybraTech is already present in 16 countries worldwide and its maturation process has been extremely rapid, demonstrating the added value of the LVenture Group business model: selecting digital startups with high growth and scalability potential, supporting them with financial resources and know-how within a unique ecosystem, generating value right up to the exit.
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“The exit from LybraTech, the eighth for LVenture Group, confirms the definitive maturation of the process started. This operation makes us particularly proud: in less than 2 years we have invested in a startup, we have supported it with financial resources and our network, rapidly increasing its value and we have brought it to the exit with a leading industrial group, generating a return of 4.25x, with a capital gain on invested capital of approximately 750 thousand euros. This is the confirmation that with the Covid emergency, which is accelerating the digital transition on a global level, corporations are increasingly in need of the innovation that can come from startups to develop new business or product models. LVenture, with over 70 startups in its portfolio, is on this mega trend, from which it will be able to extract great value from it, “he said Luigi Capello, CEO of LVenture Group.
“The conclusion of this operation, in such a delicate phase for our economy – he says Luigi Mastromonaco, Head of Investments & Portfolio Growth of LVenture Group – represents a great milestone and repays the excellent work done by the LVenture Group team in recent months. It is the demonstration that in Italy there are companies that strongly believe in innovation, investing in teams and technological solutions that anticipate the future “.
“We join a leading group in Europe in the sale of software solutions with a strong vision and a deep-rooted work culture – he says Fulvio Giannetti, CEO of LybraTech -. Values and ambitions that go perfectly with our desire to continue the growth process worldwide. The human and data capital available to the Zucchetti group represent a great potential that we have just begun to explore. Working in synergy with the other companies in the hospitality division group will allow us to provide the hotels with the best analysis tools in terms of accuracy: a great support to deal with this delicate period. We have found a great desire and availability from everyone and this makes us very confident for the future. Lybra will continue to have the ardent soul of a startup, strongly oriented towards innovation and always attentive to satisfaction “.
“I express all my satisfaction for the conclusion of the operation with the Zucchetti Group – he declares Federico Raccah, LybraTech partner and Advisor of the operation -, is an all-Italian success in a period of strong economic tension due to the Covid-19 crisis. The hospitality sector is certainly among the most affected and will have to find forms of renewal. Today's agreement shows how innovation can represent a tool for revitalizing the country. I thank my partners for believing in this venture with me, “concludes Raccah
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