The firm joined the syndicate of DFJ Esprit partner Gil Dibner, which aims to invest in European and Israeli tech startups.
At the beginning, Tim Ventures has committed €100k, which will be invested in a maximum of five startups in one year with syndicates including US-based venture capital firms. Last week, the investment arm of Telecom Italia joined Endeavor, the New York-based high-impact investment organization in the effort to diversify and globalize its portfolio.
Led by Salvo Mizzi, Tim Ventures makes €50k to €500k seed investments in Internet, digital, greentech and mobile startups. It has already backed 4 Italian startups including Pedius, Wiman, Eco4Cloud and OilProject.