Seares, an innovative Italian startup active in the nautical accessories sector, has closed 2021 with a €900,000 total investment round, underwritten by CDP Venture Capital Sgr’s Fondo Rilancio Startup, Selected Investments and other private investors.

Livorno, 20 January 2022 – Founded in 2018 with the aim of revolutionizing the mooring of boats and floating structures, Seares has already started the production and marketing of its hi-tech Seadamp mooring systems: mechatronic shock absorbers dedicated to the mooring of boats, which are therefore able to improve their comfort and safety by recovering energy from wave motion. This solution can also be applied to ports and marinas, allowing energy recovery for the entire structure. Seadamp mooring systems are 100% Made in Italy, designed and manufactured in Tuscany and patented internationally.

The Fondo Rilancio Startup, underwritten by the Ministry of Economic Development with an endowment of 200 million euro, aims to support and sustain the development of Italian start-ups and innovative SMEs, thus giving a strong boost to the entrepreneurial ecosystem for the economic revival of the country. The Fund operates by collecting and evaluating indications of innovative startups and SMEs from qualified and regulated investors (VC funds, accelerators, incubators, business angels, family offices) that have recently invested or are investing in them.

Selected Investments S.p.A., is an operating investment holding company that – after having acted as lead investor in the €400,000 2020 round – has accredited itself as a qualified investor with the “Fondo Rilancio Startup” to signal to Cassa Depositi e Prestiti the opportunity of co-investing in Seares.

Giorgio Cucè, CEO and founder of Seares S.r.l., underlines the achievements of the year just ended: “2021 has been a very positive year for Seares. Although the first months were always conditioned by the restrictions linked to the pandemic and we were only able to participate in the Genoa Boat Show, we managed to sign important distribution agreements with leading players on the international scene. This funding will allow us to enhance our production capacity, strengthen Seares’ position in Italy and further accelerate our growth strategy at international level. Finding the trust of a player like CDP Venture Capital is an honour and confirmation of the soundness of our work and the quality of our mechatronic products, which aim to recover energy from the inexhaustible sea energy source, a crucial issue in the climate change era. This validation and acceleration will allow us to broaden the base of our products and services to an even wider audience and to meet the increasingly frequent customization needs of our customers, including prestigious internationally renowned Yacht Clubs”.