Truescreen, reports that it has completed a EUR 2.4m investment. The start-up, which grew thanks to Growth Capital’s A-Road programme, was founded in 2022 and operates in the cybersecurity sector, specialising in the acquisition, signing and management of data with legal and evidential value. Used by multinationals, system integrators, consulting firms and public administrations, the company is able to guarantee authenticity and immutability by certifying documents, photos and emails with 100% legal and evidentiary value in accordance with European regulations, providing a guaranteed source of reliable data.
AVM Gestioni’s Cysero is the lead investor in the deal, followed by Growth Engine, Fin+Tech Accelerator, Pathfinder, Smeup, Encelado Ventures and B-Yond Venture, as well as business angels including Mariano Spalletti, CEO of Qonto Italia and Alessandro Petazzi, co-founder of Musement.
“We strongly believe in the development opportunities of Truescreen’s technologies. The fund’s entry into the company’s capital will enable it to grow much faster thanks also to our support and the expertise we will provide,” said Giovanna Dossena, principal of AVM Gestioni SGR, in a note. This investment fits perfectly into Cysero’s policy of supporting companies that have the potential to innovate profoundly in the sector in which they operate.”
“The exponential evolution of technology, not only of AI, amplifies the problem of trust in digital information, which is increasingly easy to manipulate. In every social or economic sphere, it will be mandatory to have solutions capable of guaranteeing the reliability of data from its origin. Truescreen has exactly this mission: to re-establish trust in digital information by providing advanced technologies for the management of reliable data to businesses, institutions and citizens. This funding will allow us to consolidate our position and further accelerate our growth. The support of such influential investors confirms the effectiveness of our vision, strategy and technology,’ says Fabio Ugolini, CEO of Truescreen (pictured with co-founder).
“Supporting Truescreen in its first round of funding is a key step towards solving one of the most urgent technological challenges of our time,” comments Alessandra Allazetta, associate at Growth Capital. “As data manipulation and deepfake technology become increasingly prevalent, Truescreen offers a powerful and practical solution: trust. With an experienced team, numerous awards and strong market recognition, Truescreen is well positioned to lead the future of digital security.”
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