Quadia is pleased to announce the latest investment of its impact fund launched in partnership with the Bank Degroof Petercam.
The fund has participated in the capital increase of Gelato Club, the innovative Italian company operating in the dairy and gelato sector. The funds raised in the round will enable Gelato Club to develop its “Business to Consumer” activities while strengthening its commitment towards the conversion to certified organic of all the ingredients used in its products.
Founded in 2015, Gelato Club aims to bring to market high-quality artisan Italian gelato at industrial and scalable levels with mountain milk from cows bred and fed in the Piedmont region, based on local transformation and integration of organic ingredients in the entire production chain.
Guilhem Ricci, Investment Partner at Quadia, comments: “Gelato Club represents a case for impact with its mission to provide high-quality local products using organic ingredients, promoting mountain-based agriculture, while innovative and energy-efficient industrial processes enable it to develop high added-value products. We look forward to further collaborating with Gelato Club based on our regenerative economy framework.”
Alessandro Nunziante, Gelato Club’s CEO, adds: “The partnership with Quadia will strengthen our company and will enable Gelato Club to reach the B Corp Certification and the total organic transformation of our production. We aim to build a retail organization that will highlight the local origin of our gelato main ingredients, milk and cream. It’s an ambitious project, which I’m sure will have an important impact over the local economy in Valle Stura and Piedmont”.
This new investment marks the first Italian company in Quadia’s portfolio and showcases Quadia’s commitment to support companies that are driving the transition towards a regenerative economy.