Next4 acquires WDA: together to create new businesses and foster innovation
WDA takes a decisive step in its growth journey by joining Next4, the investment and innovation platform specialized in developing high-potential companies.
This acquisition represents a significant milestone in the Italian landscape. As reported by La Repubblica, it is the first time in Italy that a true “startup factory” has been sold.
The agreement, finalized at the end of 2024, provides for a capital increase through which Next4 will initially acquire 51% of WDA. The remaining 49% will be purchased by 2027. The overall valuation is based on a multiple equivalent to five times the projected EBITDA for that year, as reported by La Stampa Finanza.
Founder Roberto Macina will continue contributing to the company’s development by joining Next4’s board, with the aim of ensuring strategic and operational continuity.
“This transaction is the natural evolution of our journey,” Macina stated. “We are joining a broader platform that can accelerate the growth of the WDA model.”
WDA’s operational leadership will be entrusted to Valentina Iannucci, who takes on the role of General Manager. Valentina has been Roberto Macina’s right hand since the early days: she worked with him at Ufirst and, in 2021, joined WDA as a Business Analyst. Over the years, she has distinguished herself through her ability to grow the team and ensure operational excellence, eventually leading the company into its most recent development phase. She has overseen the launch of numerous startups, focusing on strategy, performance, and execution quality.
Founded in 2021, WDA has created over 60 entrepreneurial projects in four years and launched three proprietary ventures, becoming a reference point for those who want to turn ideas into sustainable businesses. Its operational model is based on an integrated approach combining market validation, business model development, and fundraising support.
Joining Next4 will further strengthen this model and expand the service offering to new categories of clients, including corporate companies, thanks to the integration of Next4’s expertise and network.
The shared goal is to consolidate a model capable of supporting innovative companies through every stage of their journey.
This acquisition reinforces the ambition to build an ecosystem that combines financial resources, operational experience, and a network of relationships to support the creation of new businesses.
“Today more than ever, startups need tools, methods, and resources to validate and scale their business models,” Roberto Macina told La Stampa Finanza. “This acquisition will allow us to make a qualitative leap and offer even stronger support to those who want to innovate.”
WDA will continue to operate under its own brand and provide venture building services, becoming a strategic component of Next4’s innovation platform.
Davide D’Arcangelo, CEO of Next4, stated:
“The venture builder model is proving increasingly effective in reducing risks and creating value. With this transaction, we reaffirm our commitment to supporting innovative startups, SMEs, and now also corporate companies, contributing to a more competitive and dynamic Italian ecosystem.”
The integration aims to strengthen the range of services for startups, SMEs, and corporate projects, accelerating the spread of a more structured and scalable entrepreneurial approach.
“A startup is a marathon, and in difficult moments, it’s the team that helps you keep going. Don’t be afraid to ask for help from those who have already been through it. Don’t be afraid to fail, but fail fast and learn.”
Roberto Macina, Founder of WDA from La Repubblica
The transaction has been covered by leading national publications.
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