SEE THE PHOTOS: Princess Beatrice goes public with her boyfriend Edoardo Mapelli Mozzi

Speculation began last November that Beatrice, 30, was dating the 34-year-old multi-millionaire property tycoon, who has a 2-year-old son from a previous relationship.

“Edoardo is a friend of Beatrice’s family,” a source previously told PEOPLE.

Despite rumors that they were introduced recently, they have known each other for years — and, friends say, they certainly didn’t need to go through a formal introduction to each other’s parents.

But we do know that Beatrice’s mum, Sarah Ferguson, follows Mapelli Mozzi on Instagram!

Princess Beatrice and her longtime boyfriend Dave Clark split in 2016 after nearly a decade of dating.