Neva Sgr, the venture capital fund of the Intesa Sanpaolo group, invests in Skydweller Aero Inc.
THE CITY OF OKLAHOMA, September 28, 2021 / PRNewswire / – Skydweller Aero Inc., a Spanish-American aerospace company that develops solar-powered aircraft for defense and commercial industries, today announced a new investment from Neva Sgr, the venture capital firm of ‘Intesa Sanpaolo Group dedicated to the high technology sector, through their “Neva First” Fund.
“We are honored and delighted to share the participation of Neva Sgr. as an investor in Skydweller’s cutting edge technology, ”said CEO Dr. Robert miller. “We see this partnership bringing tremendous value to the global economy, transforming the government surveillance and telecommunications markets, while contributing to the maturation and growth of the clean technology industry.
The sustainability criteria and the characteristic of a potential billion dollar company led Neva Sgr to make an initial investment of around $ 4 million in the company, an operation in continuity with the strategy of investing in companies equipped with ESG (Environmental, Social & Governance) solutions and technologies. To date, Neva First Fund’s portfolio includes 13 investments, to which are added investments in international funds essential to deal flow partnerships, for a total commitment of more than 50 million euros.
“Skydweller has developed a unique and extraordinary technology that goes in the direction of environmental sustainability”, explains Mario costantini, CEO of Neva Sgr. “We believe that the company’s activity can also have positive spin-offs for the economy of our country in an industrial sector which has always been strategic for Italy, with excellent growth prospects. The ability to raise investments and attract investors and industrial partners around the world in a very short period of time confirms Skydweller’s enormous potential to grow into a billion dollar company. ”
This investment was part of the Skydweller program $ 40 million The oversubscribed Series A was announced in early September, attracting major investors and industrial partners like Palantir Technologies.
About Skydweller Aéro Inc.
Skydweller Aero Inc. is a leading aerospace company developing solar powered aircraft solutions capable of perpetual flight with heavy and powerful payload capacity. Using technology based on the longest renewable powered continuous flight program in history, this fast-growing startup is developing a new class of unmanned aircraft, offering the persistence of geosynchronous satellites with the powerful detection capabilities and flexibility of a large airborne platform.
With flexible payload system, including communication relay, 4G / 5G cell phone, day / night animated video, satellite communication, imaging radar, etc., Skydweller will improve business and government telecommunications, geospatial, weather and emergency operations efforts around the world, allowing customers to persistently operate in more difficult areas for longer durations, while reducing environmental impact. For more information on Skydweller, visit www.skydweller.aero.
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Neva Sgr, member of the Intesa Sanpaolo group and 100% owned by Intesa Sanpaolo Innovation Center, plans and manages investment funds for professional investors interested in seizing the diversification and high return opportunities offered by venture capital investments .
Neva Sgr can count on the strength, financial resources, know-how and network of relationships of Intesa Sanpaolo Innovation Center and the Intesa Sanpaolo Group, a unique source of value in the market. Neva Sgr can observe trends and markets from a privileged position, then act with the strength and responsibility of Italy first banking group.
The Intesa Sanpaolo Innovation Center has invested in Neva first, the investment fund for excellent, high-tech and highly innovative start-ups, exploiting trends with exponential growth potential. The fund mainly focuses on FinTechs and Italian companies with global growth plans or international companies that intend to develop projects with positive effects on industrial and production chains in Italy.