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Enry's Island Secures €20 Million from Los Angeles Based Investment Firm LDA Capital
This Accolade Scales the First Accelerator in the Metaverse.
By: Enry's Island
Adding to the year's success, this capital commitment comes just as Enry's Island prepares to operate on international markets, making them a rising star in the incubation and acceleration world, one of the hottest industries of this current economic environment.
"We are excited about our partnership with LDA Capital", says Luigi Valerio Rinaldi, founder and CEO of Enry's Island. Over the course of the next few months, the Company will transform into a "S.p.a." (Italian joint-stock company), "allowing the business to scale even faster with LDA's flexible financing package. We are sure that the relationship with LDA will continue in a mutually gratifying way in the medium and long term horizon, allowing the horses in our stable to become unicorns."
This new capital commitment of funding will be used to scale Enry's Island phygital capabilities. Specifically, the areas that the company will focus on are:
*Expansion in the Metaverse and physical spaces (thanks to Enry's Island portfolio company Rinascimento 5)
*International reach increase, thanks to Enry's Island Local Companies
*Add 12x to 36x financial value within 3-5 years
*Consolidating a worldwide standard protocol for the assessment and evaluation of the startups, based on Enry's Model intellectual property (IP)
At the forefront of the industry, Enry's Island is the first Incubation & Acceleration Metaverse (# 1 incubator & accelerator in Italy, & # 6 in Europe according to Crunchbase Q4/2021), with local companies in the US, UK, Italy, Spain, Ireland, Africa, a global community of more than 800 stakeholders who include entrepreneurs, investors, and professionals and 30 startups, thoroughly assessed and evaluated based on Enry's Model, the patented intellectual property the whole organization, processes, and tool of Enry's Island is based on. The Enry's Model is also part of the "Enry's Theory" manual of business management, published by MacGraw-Hill.
About Enry's Island
*15 years of experience in the management of very early-stage startups, with a mortality rate of only 10% (against 90% which is the industry average)
*Proprietary patent, Enry's Model, which allows for the evaluation of company performance and value; Enry's Model is also the subject of a McGraw-Hill manual.
*Explosive scale up in the last 3 years, going from 8 to 25 companies, from €2M to €40M in portfolio value, from a community of 30 to 800 stakeholders;
Visit www.enrysisland.com and discover why Enry's Island has ignited interest from all over the world.
Page Updated Last on: May 18, 2022