# Hlpy S.r.l.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hlpy-s-r-l

- Industry: Software
- Headquarters: Milan, Italy
- Website: www.hlpy.co
- Total disclosed funding: $25M
- Latest round: Series B (Sep 23, 2024)
- Investors on record: 5

## About

Based in Milan, Italy, and founded in 2020 by CEO Valerio Chiaronzi, Hlpy S.r.l., a.k.a. Hlpy is a digital roadside assistance company that develops a technology that allows car drivers to activate a roadside assistance request through their smartphone as well as receive real-time information on the assistance process. In September 2024, Hlpy S.r.l. raised EUR 18 million in series B funding co-led by returning investor Synergo Capital and new investor Nextalia, with participation from returning investors CDP Venture Capital, The Techshop, and Società Italiana per le Imprese all'Estero.

The company provides a B2B (business to business) mobile application for roadside assistance companies to assign activities to the service partners, allowing a geo-localized and real-time management of the roadside assistance. On the other hand, partners can accept or refuse the rescue task, declare the intervention times, and choose the wagon and driver that they will go to the standstill of the stranded motorist. As of October 2022, 650 rescuers managing a fleet of over 3,000 emergency vehicles throughout Italy via Hlpy application.

Hlpy plans to use proceeds from May 2022 funding to scale up the business into other European markets, as well as accelerate the research and development, and product development activities. The company also plans to expand across borders and lunch new services to complement its value proposition.

The company plans to use the September 2024 funding to support its growth strategies and expand in the European market.

## Funding rounds

- Series B, Sep 23, 2024, $20M — Synergo Capital, CDP Venture Capital, Società Italiana per le Imprese all'Estero, Nextalia, The Techshop
- Series A, Nov 14, 2022, $5.3M — Synergo Capital, CDP Venture Capital, The Techshop

## Investors

- Synergo Capital (https://capitalatlas.ai/funds/synergo-capital) — Series A, Series B
- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Series A, Series B
- The Techshop (https://capitalatlas.ai/funds/the-techshop) — Series A, Series B
- Società Italiana per le Imprese all'Estero — Series B
- Nextalia (https://capitalatlas.ai/funds/nextalia) — Series B