Italian startup GoodBuyAuto.it raises €1 million for its used car marketplace

Italian startup GoodBuyAuto.it raised €1 million for its online marketplace to buy and sell used cars. Among the investors who participated in this second round of funding are Fabio Cannavale, CEO of Lastminute.com; Lorenzo Sistino, former CEO of Fiat; and Giuseppe Guillot, COO of the Yoox Group. The investors bring with them years of experience and expertise in different but complementary industries, and their confidence in the project means that these top managers will be providing the startup with both fresh capital and know-how.