The IH1 holding company of the startup studio Mamazen welcomes eight new members including financial, industrial and digital innovation experts. Growing the business of the Turin-based company, which from December to today has gone from 5 to 6.3 million euros, funding to support its startups (+1.3 million euros in three months). The final goal of €7 million in harvest is getting closer and faster, and that’s not all: in consideration of the results obtained, Mamazen has decided to aim even higher towards a cap of €10 million.
The new partners who have joined IH1, the holding company that supports the startup studio, come from the industrial sector such as Andrea Cavagnis and Giovanni Battista Segato of Idea Cinquanta, a company that includes a team of experts in company management, management consulting and investment banking. Roberto Enrietti with many years of experience in the production world, today he is an investor in private equity with a particular interest in startups. Also joining IH1 are Lubian Stefano, a professional in the steel sector who founded Commit Siderurgica, who has decided to enter the world of venture capital since 2024, and Marco Fongaro, plant manager for 19 years at the same company. From financial and social expertise, the entrances of Corrado Ferretti, accountant and investor oriented towards initiatives in responsible capital capable of generating value through product, service and process innovations in markets typically from the public or non-profit sector, and Giulio di Blasi, expert in social impact and migration at a global level, who currently holds the position of vice president of Refugee Hub Canada where he collaborates with governments and investors in 20 countries to structure innovative programs to support and assist refugees. Valeria Panini, founder and CEO of the Fisio&lab Medical Center in Turin and member of the Investors Club, business angel and advisor with an interest in the impact, tech and wellbeing sectors, is also on board the project.
“We are really satisfied with the results achieved to date ,” says Farhad Alessandro Mohammadi, CEO and co-founder of Mamazen in a statement, “and it fills us with pride to think that professionals of such caliber believe in the project. The activity of the startup studio is based on the dual entity model, which separates and makes the holding company and the studio independent, increasing the de-risking factor, and this certainly makes us more attractive and competitive on the market. We are reaching our goal at an unexpected speed, and in the last three months we have already raised €1.3 million and the new capital allows us to better support our startups.”
Mamazen’s startups
Mamazen’s businesses also continue to grow, including Pelomatto (founded 11 months ago) – which runs a pet grooming service at home in the cities of Turin, Monza and Milan, which increased its turnover from 6 thousand to 8 thousand euros between February and March, moving to an annual recurring revenue of almost 100 thousand euros. Deeva
with its home hairdressers also recorded an increase in appointments of +58% over February, with an annual recurring revenue of 156 thousand euros. An important milestone in monthly turnover was reached by Morsy, a startup that deals with the delivery of meals in the workplace with 125 thousand euros in March. In addition, every company launched by Mamazen has closed a seed-round in the first months of operation.
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