The new funding will be used to accelerate the internationalization process of the incubator and accelerator
Enry’s Island announces that it has received €20 million in funding from LDA Capital, an alternative investment group with experience in complex cross-border transactions around the world, based in Los Angeles, California. This round, adding to the year’s success, comes just as Enry’s Island prepares to operate in international markets in the area of startup incubation and acceleration.
“We are excited about the partnership with LDA Capital,” Luigi Valerio Rinaldi, founder and CEO of Enry’s Island, said in a note. Over the next few months, the company will transform into a corporation, allowing it to scale even faster. We are confident that the relationship with LDA will continue in a mutually rewarding way over the medium- and long-term horizon, enabling the horses in our stable to become unicorns.”
This new capital commitment will be used to scale Enry’s Island phygital capabilities. Specifically, the areas the company will focus on are: expanding into the metaverse and physical spaces through Enry’s Island’s portfolio company Renaissance 5; increasing international reach through Enry’s Island’s local companies; adding financial value from 12 to 36 times within 3-5 years; and consolidating a globally standard protocol for startup valuation based on Enry’s Model intellectual property.
Enry’s Island has local companies in the U.S., U.K., Italy, Spain, Ireland, and Africa, a global community of more than 800 stakeholders including entrepreneurs, investors, and professionals, and 30 startups, carefully assessed and evaluated based on Enry’s Model, the patented intellectual property on which Enry’s Island’s entire organization, processes, and tools are based. Enry’s Model is also part of the Enry’s Theory business management manual.