Jolt's €1B fund makes first Italian bet on noise-control startup

What's the deal? Jolt CapitalDealroom has a profile for this one. Try Dealroom → has made the first Italian investment from its €1 billion fund, leading a funding round in Phononic VibesDealroom has a profile for this one. Try Dealroom →, a startup developing metamaterial noise control technology. Andrea Traversone is managing partner at Jolt Capital; Luca D'Alessandro is chief executive officer and co-founder of Phononic Vibes.

What's the endgame? The fund targets "European rhinos" rather than unicorns — scaleups valued at more than $1 billion. The Phononic Vibes deal signals the vehicle is shifting from fundraising into deployment.

Why now? Europe is pushing to close a late-stage funding gap that often forces fast-growing companies to seek capital abroad.

The signal: The EU-backed Scaleup Europe FundDealroom has a profile for this one. Try Dealroom → is targeting €5 billion, while the European Investment Fund's planned ETCI 2 aims to mobilise up to €80 billion for growth investors. Against that backdrop, a €1 billion fund's ability to attract private capital and deliver follow-on support matters more than any single first deal.

Read more: impactloop.com

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