LexDo.it lands €1.7M to boost its platform for launching and running businesses
Italian digital platform LexDo.it secured €1.7 million in a pre-Series A round, marking a significant step toward simplifying business creation in Europe. The platform aims to streamline the process of starting and managing businesses online, addressing the complexities often faced by entrepreneurs. The funding round included investments from business angels, Invitalia, and fintech company Viceversa. Founded in 2015 by Giovanni Toffoletto, LexDo.it offers a comprehensive digital solution for online incorporation, accounting, contracts, and consultancy. The platform currently serves over 400,000 users and has facilitated the launch of more than 6,500 businesses. It reduces first-year costs by up to €3,000 compared to traditional channels, where starting a business can be costly and complex. This funding will support LexDo.it's expansion plans, including team growth through 2025 and accelerating its technology roadmap. The focus will be on incorporating AI and automation to further digitalize and streamline management processes for small and medium-sized enterprises (SMEs) and professionals. This investment underscores the growing importance of digital tools in fostering entrepreneurship and simplifying business operations in Europe.
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