Smart Capital backs Testbusters in €1.5 million edu-tech round
What's the deal? Smart CapitalDealroom has a profile for this one. Try Dealroom → has signed a binding agreement to invest about €1.5 million in TestbustersDealroom has a profile for this one. Try Dealroom →, an Italian edu-tech and higher-education company, in a late-stage round. The investment, mainly through a capital increase, buys a minority stake.
What does Testbusters do? It operates in the higher-education and edu-tech sectors and is classified as an innovative small-and-medium enterprise.
The numbers: In fiscal 2025, Testbusters reported consolidated revenue of €8.5 million, adjusted Ebitda of €1.7 million, and net financial debt of €2.5 million. It expects consolidated revenue above €10 million in 2026.
What else? Smart Capital also completed a co-investment in Builder, buying 35% of the industrial group through a club deal led by QCapitalDealroom has a profile for this one. Try Dealroom →. That transaction, closed on October 1, totalled about €700,000 and combined a share purchase with a capital increase.
Who is Builder? The group — comprising CarnovaliDealroom has a profile for this one. Try Dealroom →, CBSDealroom has a profile for this one. Try Dealroom →, Tras-CarDealroom has a profile for this one. Try Dealroom →, and Officine MinelliDealroom has a profile for this one. Try Dealroom → — is one of Italy's leading makers of containers, compactors, and roll-off equipment for industrial waste management. It reported 2025 revenue above €80 million with a margin over 15%.
Why now? The Builder deal advances a buy-and-build strategy; the group has already acquired 100% of Officine Minelli, its first add-on.
The signal: The two deals show Smart Capital spreading capital across edu-tech and industrial consolidation, backing companies with established revenue rather than early-stage bets.
Read more: ae.marketscreener.com
Image credit: Generated with Gemini
