Concurrently, Wopta launched a €50 million Series B funding round to fuel further growth and expansion.

The “W&F” club deal, led by Luigi Belluzzo, brought together prominent Italian families including Alcide Leali, Bernardo Finco, Andrea Pernigo, Enrico Guidotti, and the Antonelli and Gianazza families. This investment builds upon the company’s successful Series A round, which saw participation from prominent investors such as Holding B3 (Calzedonia Group), the Macchi family, and the Cammi family.

The Series B funding round will be used to fuel Wopta’s growth through acquisitions, both domestically and internationally, with the aim of consolidating its position in the Italian market and expanding its European footprint.

Wopta Assicurazioni has experienced rapid growth since its inception, developing a strong customer base and forging key partnerships with organizations such as CNA, BeProf – Confprofessioni, HYPE, Banca Sella, and Switcho.

Vincenzo Macaione, Founder & CEO of Wopta Assicurazioni commented on the news, saying: “The year 2024 marked a significant milestone in our journey. We have successfully navigated many challenges and seized numerous opportunities that allowed us to grow and gain the trust not only of our 200,000+ customers, but also of partners and new investors. We have signed important partnerships with key players in the Italian market (and beyond, having recently received IVASS authorization to operate in France and Spain).”

He added:  “Earlier this year, we closed a €4.1 million Series A round, and now another Club Deal led by Belluzzo International Partners has joined our capital with an additional €4 million. But we’re not stopping here: we are proud to announce the launch of a Series B round of up to €50 million, which we will use to acquire synergistic industrial partners to strengthen our position in Italy and expand our activities in Europe. This will allow us to scale our business model across new channels and product lines.”