DIP Capital and its DIP Fund I comprise a €40m growth capital platform with offices in London, Milan, and Luxembourg. Sponsored by Platina Partners, the firm invests in disruptive businesses across Europe and globally.
Riccardo is the founder and managing partner of DIP Capital, alongside holding investment and board roles at Azimut Group, Webidoo, and refurbed. He brings venture capital and investment experience across multiple firms.
The funding round was led by Elefund with participation from multiple venture firms to support expansion into the metaverse.
"We're delighted to have secured this substantial funding round which signifies the start of Admix Phase 2. This funding round validates the incredible hard work which the entire team has worked so tirelessly to reach. We see the internet entering a new stage: Web 3.0 or the metaverse, characterized by real-time 3D interactions and a new creator economy, spearheaded by the video games industry. We are establishing In-Play as the monetization layer for gaming and the metaverse. While many players in our industry are essentially agencies, Admix is building critical infrastructure for creators to monetize their content in the best way possible."
The £10m Series B follow-on round was led by DIP Capital with backing from the UK government's Future Fund to drive global expansion and new product development.
"We are excited to lead this round as we recognise Wejo's huge potential and believe in the value it provides not just to car companies but also to end-user customers of its big data insights and analytics. We are confident Wejo is in the right position to take advantage of this clear opportunity to become a leader in the market, shake up the automotive industry, and enable the full digitalisation of mobility."
