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01/15/2024

1Control raises over €1 million with an investment from CDP Venture Capital and follow-on from AZIMUT ELTIF - Venture Capital ALIcrowd II

The Brescia-based company that provides innovative access management solutions and has seen 80% YOY revenue growth with more than 190,000 users across Europe has attracted €1 million in new investment.

15 January 2024 1Control (www.1control.eu), a leading company in the access control sector, has announced the completion of a 500 thousand euro investment round with the Rilancio Startup Fund managed by CDP Venture Capital. This investment was joined by AZIMUT ELTIF - Venture Capital ALIcrowd II, which, after acquiring a stake in May 2022 through an equity crowdfunding campaign on Mamacrowd that raised 1 million euros, decided to reaffirm its confidence in the company.

1Control is a cutting-edge company specialising in the design and development of technological solutions for smart access control. Recognised for its ongoing research and development of innovative solutions, it has attracted new investments totalling 1 million euros.

This new round not only reinforces confidence in 1Control’s growth potential, but also provides the company with the resources it needs to continue developing advanced technologies, expand its market presence and intensify its research and development efforts.

"We at 1Control are excited to welcome new investors who will enable us to pursue increasingly concrete and ambitious plans for the future, including further international expansion – we are already well-established in several European countries, especially France and Germany – and bring our products and services to an ever-wider audience, helping to drive the technological and industrial development of our country. Moreover, this important step brings us closer to achieving our goals, which include expanding and improving our product range to make the experience of coming home increasingly smart and secure, but also to broaden our reach into the B2B market", said Francesco Sarasini, CEO of 1Control.

With a market footprint that now spans across Europe, over 190,000 users and revenue growing 80% year-on-year, 1Control has shown it can offer innovative solutions for a wide range of access systems, from building entrances to garages, from gates to retractable bollards, for both households and companies.

The combined effect of these new investments further strengthens 1Control’s position in the market of advanced technology solutions, propelling the company towards even more ambitious goals.

1Control’s access management solutions have already attracted numerous companies, which have established significant and lasting partnerships with the Brescia-based brand, including Silvelox, Silca, Maserati, Telepass and Pilomat Hörmann. Indeed, the partnership with the latter is growing stronger, involving the companies a2a and ATM in the installation of the 1Control solution in the retractable bollards of Milan, and expanding sales across Europe through the group’s branches.

Looking ahead, the company is now exploring new partnership opportunities with security firms, parking operators, motorway operators and recycling centres, and is considering the registration of new patents to further improve its access systems and status detection capabilities. 1Control also plans to expand its workforce in the short term by hiring new senior-level engineers to accelerate the development of new products and maintain its current range.

1Control recently announced the integration of its products with Apple CarPlay and Google Android Auto, enabling users to open gates and garages directly from their vehicle’s infotainment system. The company is now working with Google to develop integration with Google Android Automotive, a bold step toward an even more complete and smart access experience.

 

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