Luxury fragmented investment platform Collecto completes approximately $3.05 million seed round financing

According to Startupitalia, luxury fragmentation investment platform Collecto has completed a seed round financing of 2.8 million euros (approximately 3.05 million US dollars), with the participation of Marcello Albergoni, CEO of LinkedIn Italy, Alessandro Zanotti, Managing Director of Accenture Interactive, Andrea Traviasoni and Guido Frisiani, Senior Partners of McKinsey&Company, Gianluca Corti, Co CEO of Wind Tre Italy, Marco Bragadin, Senior Advisor of BCG and former CEO of ING Italy, Giacomo Lorusso, CEO of Jakala Civitas, Fabio Peloso, CEO of BizPal, and multiple seed round investors. The current financing structure includes a 2.3 million euro equity financing and a 500000 euro start-up support program from the Italian Ministry of Economic Development's "Smart&Start Italia" initiative. It is reported that Collecto is a platform that democratizes luxury collection by offering partial ownership of exclusive items, including modern art, luxury watches, and investment grade wines.