Collecto Secures €2.8 Million in Seed Funding to Democratize Luxury Investments

According to PANews, luxury investment platform Collecto has successfully raised €2.8 million (approximately $3.05 million) in a seed funding round. The investment was led by notable figures including LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, and senior partners from McKinsey Andrea Travasoni and Guido Frisiani. Other contributors included Wind Tre Italy Co-CEO Gianluca Corti, BCG Senior Advisor and former ING Italy CEO Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso, and several seed investors. The funding round comprised €2.3 million in equity financing and an additional €500,000 from Italy's Ministry of Economic Development's "Smart&Start Italia" program, which supports startups. Collecto aims to democratize luxury collection by offering fractional ownership of exclusive items such as modern art, luxury watches, and investment-grade wines. This approach allows a broader audience to participate in luxury investments, traditionally accessible only to a select few.