Velasca, a Milan-based shoe maker and online retailer, has raised a total of €720,000 in funding led by P101, a private equity firm also headquartered in Milan. As part of the deal, P101 provided a €370,000 equity ticket to the transaction, while a private investor and the company's co-founders provided the remaining €350,000 of funding. Velasca was founded in 2013 by Enrico Casati and Jacopo Sebastio. The company posted sales of €1.5 million in the fiscal year ended March 31. Around half of the turnover was generated abroad, mainly in Europe and North America.

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