Milan-based StartupGym raises €1.5 million to build European impact startups

StartupGym, founded in Milan in 2021 by ​​Enrico Pandian, Tarek Fahmy and Giuseppe Balzano, has just raised a € 1.5 million pre-seed round. 

The oversubscribed round was led by Rancilio Cube funded by Luca Rancilio, UTurn Investments guided by Gianpiero Peron and Luca Mongodi. Anya Capital also contributed through the investment holding led by Guglielmo Notarbartolo di Villarosa.

With a vision to boost new impact startups across Europe, StartupGym sees itself as an ‘impact factory’ that is scouting impactful ideas in European tech markets. The young company has the aim to speed up the process of capital allocation towards new impact ventures. 

Startup Gym operates to develop, launch, and scale next-generation digital businesses. The startup will support tech disruptors with prototyping and validation, building talented teams and help with the fundraising process. 

Giuseppe Balzano, cofounder, said: “We came to StartupGym with the idea of building something meaningful that could positively impact our Society. It’s like a Renaissance Bottega, where future Artists used to learn their skills. From today onwards, we will focus on scouting international talents and building with them successful worldwide companies”.

The founders behind the company came up with the idea from the awareness that building tech companies over time is now becoming more of a market risk, rather than just a technological one. This marks a new wave of risk for young businesses – 20 years ago the greatest limitation to tech startups was the tech itself. 

Nowadays, when launching a new product, it is no longer just a question of if a company can actually technologically build it, instead, it’s a question of whether that product will be ever adopted, if people will use it, and if it can be valuable for society. 

StartupGym has the goal to mitigate the market risk, allowing tech companies across Europe to launch their products, grow, and bring value to European society as a whole.