Finapp, the innovative startup founded in 2019 as a spin-off from the University of Padova, has officially transformed from a limited liability company (LLC) into a private joint-stock company (JSC), marking an important milestone in its growth journey.
In Italy, fewer than 1% of the approximately 12,800 innovative startups registered at the end of 2024 reach the JSC stage. Finapp’s transformation demonstrates the company’s financial strength, market trust, and the scalability of its business model.
“The transformation into a joint-stock company is a springboard for the future, not a point of arrival,” says CEO Luca Stevanato. “We are preparing to face upcoming challenges with a solid structure and a global vision.”
Finapp develops CRNS (Cosmic Ray Neutron Sensing) probes, cutting-edge technology capable of measuring soil and snow water content on a large scale, in depth, in real time, and without contact. Today, the company’s systems are installed in over 25 countries across 7 continents, supporting precision agriculture, environmental monitoring, and water leak detection to promote sustainable resource management.
Key achievements include:
-
Growth from 3 to 27 employees in the last 24 months
-
Two production units in Italy and the first international office in France
-
Clients in 30 countries across 7 continents
-
Recognition with the European Innovation Council – EIC prize in 2023
“Becoming a JSC confirms Finapp’s maturity and ambition,” adds Luca Stevanato. “It strengthens our governance, opens new opportunities for international growth, and shows that Italian research can transform into global industrial excellence supporting environmental and social sustainability.”
This transformation marks a new chapter for Finapp, focused on consolidating its leadership in water monitoring and bringing Italian innovation to global markets.
