CFE Finance Group supports and invests in new technologies by acquiring 49% of TechStar Srl

CFE Finance Group, a financial group operating in investment banking, has completed the acquisition of 49% of TechStar Srl, a company specializing in augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) technologies.

Recently, TechStar developed Presence, a software platform that enables the creation of private Metaverses—virtual spaces where businesses can showcase their products or solutions to customers. With this acquisition, CFE Finance continues its strategy of incorporating ESG principles into investment decision-making, developing technological solutions to be implemented across its business lines.

The Metaverse, a technological reality that has gained widespread attention recently, increasingly integrates virtual reality into everyday life, enabling virtual stores, meetings, and supporting the sustainable development of business in an environmentally conscious way.

Founded by Marco Zanuttini, TechStar operates in AI, AR, and VR technologies across various sectors, from industry to medicine, public services to education. These technologies are gaining traction as they contribute to reducing businesses’ environmental impact.

We’re investing in TechStar because we believe that the use of AI, AR, and VR technologies in industry can bring significant and immediate benefits, such as enhanced sales opportunities, training, and guided support for complex industrial activities. In our investment strategy, ESG factors play a crucial role, but our approach remains focused on the practical impact of projects. TechStar meets both criteria.

Mario Cordoni, CEO and Founder

ANSA, 03 November 2021