News
ArteOlio, €40 million bet on oil made in Italy
“ArteOlio is an agricultural company” explains CEO Riccardo Schiatti “that integrates the entire olive oil supply chain. The olive groves were planted by us, the agricultural activities are managed by us, we are completing a state-of-the-art oil mill in the middle of our fields. An initiative created to produce 100% Italian extra virgin olive oil and nothing else.” But then there are still people who believe in the future of Italian oil?”. “We believe in it.” says Schiatti, and adds “The sector can count on a brand that is still very strong: extra virgin olive oil made in Italy. However, production needs new methodologies to be re-launched.”
Except for planting, which was done manually, all production phases in ArteOlio will be mechanized. The main olive varieties planted are Arbequina, Arbosana, Oliana and Lecciana, in addition to the local Maurino. “We have selected” added ArteOlio CEO “the most suitable cultivars for the type of modern olive groves we are developing. These varieties will allow us to have olive oils with different characteristics that can combine to have blends suited to different market demands.”
Recent News
- December 18, 2023 – ArteOlio becomes “Benefit Corporation”
- November 15, 2023 – VERTEQ Capital consolidates in machinery components: Radici Products acquires Polis Termoplastici
- September 27, 2023 – ArteOlio completes €7-million bank financing third round
- May 31, 2023 – ArteOlio, €40 million bet on oil made in Italy
- April 17, 2023 – New appointment
- January 30, 2023 – VERTEQ Capital invests in Epilate, Italian leader in permanent hair removal
- November 14, 2022 – VERTEQ Capital invests in the industrial machinery components of Radici Products
- July 1, 2022 – Francesco Di Giovanni appointed member of the board of directors of VERTEQ Capital
- June 21, 2022 – New appointment
- November 15, 2021 – ArteOlio, VERTEQ Capital agricultural portfolio company, completes a new round of capital increase, bringing total equity raised to 15 million euro in 24 month
- July 1, 2021 – New appointment
- June 7, 2021 – New financing round from Banca Carige and Banco BPM in support of ArteOlio’s Tuscan olive oil
- December 15, 2020 – VERTEQ Capital doubles its investment in ArteOlio: second-round euro 5.0 million capital increase completed
- September 8, 2020 – Gellify acquires a majority stake in Bit2win from Accenture
- August 25, 2020 – Banco BPM alongside VERTEQ Capital in support of ArteOlio
- June 10, 2020 – Azimut launches fund focused on digital startups in partnership with Gellify
- March 30, 2020 – VERTEQ Capital exits 2016 S-Solar investment for 22% IRR
- November 20, 2019 – Euro 15 million investment round for Gellify
- October 1, 2019 – ArteOlio, 5.5 million capital increase: private equity holding VERTEQ Capital invests alongside founders
- July 22, 2019 – New appointments