Financial Support of €7 Million Granted to Foster Small and Medium Business Expansion by Tot
Tot, an Italian fintech company, has announced the successful closure of a €7 million Pre-Series A funding round. The funding round was led by CDP Venture Capital SGR, a prominent Italian venture capital firm, with participation from various co-investors.
The fresh capital will be allocated towards platform development, including technology and AI integration, talent acquisition, and the addition of new features such as business card management, subscription handling, and team expense tracking.
The fintech company, which caters primarily to Italian Small and Medium Enterprises (SMEs), has experienced significant growth since 2023, with a reported 3x growth rate. The total capital raised by Tot now stands at €11 million across Seed and Pre-Series A phases.
Co-investors in the funding round include Azimut Group, X-Equity Venture Club S.r.l., Club Deal Digital, Chapeau Media, and a group of entrepreneurs and top managers. Existing investors The Techshop (lead in the Seed round) and Banca Sella (supporter since the Pre-Seed stage) also participated in the round.
Doris Messina, Co-Founder & CEO of Tot, stated that the company was created with a deep understanding of the specific needs of Italian SMEs and aims to provide solutions tailored to the local business landscape. The company's deep understanding of Italy's regulatory complexity allows it to deliver solutions that international players often struggle to provide.
Bruno Reggiani, Co-Founder & COO of Tot, emphasized that the platform takes pride in understanding Italy's entrepreneurial landscape and supports a diverse range of industries, from traditional sectors to digital innovation and services.
In 2024, Tot handled transaction volumes of over €1 billion, with expectations to exceed €2 billion in 2025. The new funding will further strengthen Tot's mission to support Italian businesses with cutting-edge financial tools, contributing directly to the competitiveness of Italy's production system.
The funding round confirms Tot's distinctly Italian approach to fintech, reflecting the company's commitment to supporting the growth of Italian SMEs. With the additional resources, Tot is poised to continue its mission and make a significant impact on the Italian business landscape.
