VAM Investments announces a 3.2 milion euro investment in Soundreef, via the dedicated investment vehicle VAM SR1 Invest s.r.l.. The transaction is realized through a partial buyout and a series of capital increases over the next 12 months to support the international expansion of the business.
L-Venture, one of the main venture capital players in Italy, invested in Soundreef in 2011 and with this transaction increases its investment alongside VAM.
Founded in 2011 by entrepreneur Davide D’Atri, 35 years old, Soundreef is the first private company in Europe engaged in the collection and distribution of music royalties. VAM Investments will provide Soundreef with financial and strategic support to sustain and accelerate its ambitious international expansion plan.
VAM was advised by Luca Cuomo of Pavia e Ansaldo (legal due diligence and documentation), Guido Pelissero of New Deal Advisors (financial due diligence) and Federico Marelli of Pirola Pennuto Zei (tax due diligence).
VAM Investments is the investment company founded by Marco Piana and Ennio Valerio Boccardi, specializing in growth capital and buyouts. VAM portfolio also includes the online travel agency Yalla Yalla, the online marketplace for B2C fashion goods sales Privategriffe, the revolutionary two-wheel self-balancing motor chair maker Genny Mobility and the dentist centres chain DentalPro.