Thursday, April 4, 2013
Italian Square Clone Jusp Secures $6M To Go Europe-Wide With A Cheaper POS Device
Not to be out-done by Payleven, iZettle and all the other Square clones out there, Italian mobile POS startup Jusp has now secured a $6 million equity round with two Italian VCs, making it one of the biggest rounds in Italy this year. The round was led by Principia Sgr together with Vertis Sgr with the participation of some Angel Investors: Stefano Calderano (previously BNP Paribas and Intesa), Paolo Guida (Lehman), Giulio Valiante (Saldi Privati and Jobrapido), Simone Ranucci Brandimarte (Glamoo) and Bruno Spadoni (Setefi) who also led the first $700,000 seed investment into Jusp made in 2012. Jusp now hopes to launch in other European countries.