On July 14th, in Milan, CDP Venture Capital and Digital Magics announced the 8 finalists, among 175 startups that applied, that were selected for the first edition of Magic Spectrum, an acceleration program. This program is meant to support startups that work in the 5G and Internet of Things markets. To Be is among the 8 finalists: along with Auting, Cloudvision, Evja, G-move, Logbot, MyMine, e Waterstream, our startup received an initial monetary support of 75.000 euros.

At the Demo Day event, our Chief Financial Officer Danilo Fattorini had the task to present our vision, current and future projects to investors, mentors and companies, both from Italian and international backgrounds. Our participation to the event, which was launched by Cdp Venture Capital and Digital Magics, allowed us to obtain an initial monetary support of 75.000 euros from extremely important players in the innovation system. In the last few months, we have been focusing on collecting capital from investors wanting to support us.
“5G and IoT are two markets that will be increasingly prominent in the future, thus they will have a strong influence on everyone’s life. With our program, that greatly aligns with our industrial plan, we aim at attracting the best companies working in this field. Thanks to the precious contribute of CDP Venture Capital and our other partners, we also want to help these companies grow and build meaningful networks. The first 8 startups selected proved us that we are going in the right direction and showed us the significance of the ideas and solutions offered by European and Italian talents.” Ludovico Facchini, Digital Magics’ Partner & Magic Spectrum Program Director
Presenting our vision and LiFi solutions, that aim at accelerating the LiFi Revolution, at the Demo Day event represented the first step of an important journey that will keep us very busy and that we are ready to embark on at the speed of light. In this process, the founders of To Be were assisted by Federico Bellan LLM, of counsel at Akran Intellectual Property. To learn more about our fundraising activity, contact us at the email info@tobe-srl.it. To learn more about LiFi, read here.