Except they did not accept funding from PE firms, they accepted it from completely typical VC funds, who state on their websites things such as the following:

Except they did not accept funding from PE firms, they accepted it from completely typical VC funds, who state on their websites things such as the following: “Anzu Partners is an investment firm that focuses on industrial and life science technology companies with the potential to transform their industries.” “[CDP Venture Capital seeks to] foster the growth of the Italian market by attracting new national and international investors to the Venture Capital asset class by promoting a new culture of Venture Capital and entrepreneurship in Italy.” In case you are unaware, these statements are VC dog whistles for not 10x but 100-1000x returns, without some probability of which the VC model does not work financially.