SACCO SYSTEM is a biotechnology startup headquartered in Italy, founded in 2016. Its slogan "Supporting food culture and life" encapsulates its core mission, which is the convergence of international biotech excellence applied to the food, nutraceutical, and pharmaceutical industry. The company operates as a unique and functional network, maintaining the characteristics and productive specificities of each entity within the group, including Caglificio Clerici, Sacco, Centro Sperimentale del latte srl, and Kemikalia.
Sacco, a family-owned entity within the group, specializes in offering innovative products such as starter cultures for food fermentation (especially in the dairy sector), nutritional supplements (probiotic cultures), and food improvement instruments. Its sister company, Caglificio Clerici, has been a leader in rennet production since 1872 and completed an acquisition of the Swedish company Kemikalia in 2006. Furthermore, Sacco acquired the Italian culture producer CSL in 2013.
The company values family tradition, expertise, creative intelligence, reliability, research and innovation, knowledge sharing, flexibility, and customization. Operating internationally, Sacco System distributes its products in over 110 countries.
The most recent investment in SACCO SYSTEM amounted to €25.00M in debt financing, and it was secured on 19 September 2023. This investment was sourced from Intesa Sanpaolo Bank Albania, signifying a pivotal point in the company's growth trajectory and financial stability.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | €25.00M | 1 | Intesa Sanpaolo Bank Albania | 19 Sep 2023 |
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