News
May 31, 2023 – ArteOlio, €40 million bet on oil made in Italy
From Il Sole 24 Ore of May 31, 2023
A curb on the so far seemingly unstoppable decline of Italian olive oil. A sector in which, if one could only count, a world record of announced and punctually disregarded revival plans would have been reached. A product that remains a symbol of Made in Italy food but in which there is almost no trace of private investment and any future prospects are almost exclusively entrusted to government or EU initiative.
In such a scenario lies the initiative of ArteOlio, a company founded in 2019 by Augusto Lippi (who is its president) and CEO Riccardo Schiatti, and whose financial investor is VERTEQ Capital, a holding company specializing in private equity investments founded by Ennio Valerio Boccardi. ArteOlio in less than four years, and on the quiet, has purchased 700 hectares of land in the province of Grosseto, in the Tuscan Maremma, on which it has planted 1.3 million olive trees of different varieties, with an investment of about 40 million euros. The goal is to reach a production of one million liters of olive oil in four years, at full capacity. Next November, ArteOlio will carry out the first harvest and land on the market with its extra virgin olive oil.
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