Invitalia Ventures Sgr, the firm owned by Invitalia SpA, the Italian Government National Agency for the Attraction of Investments and Enterprise Development, has officially launched its new venture capital fund.
Following the approval of the fund regulation by the firm’s board, led by CEO Salvo Mizzi, Italia Venture I will start investing in tech/digital startups and innovative SMEs along with private investors which have been selected as part of its network.
Following a recently launched call, the investor network of Invitalia Ventures now includes the main Italian seed and venture capital firms (360 Capital Partners, United Ventures, Innogest, P101, Digital Magics, LVenture, among many others), some foreign players such as Chinese Keytone Ventures, French Truffle Capital and Swiss/US Evolution Equity, corporations such as Banzai, CLN, and Gala, and academic and research centers and incubators such as Polo Tecnologico di Navacchio (Pisa), I3P (Turin), and PNI Cube.
The fund, which amounts to €50m coming from the Economic Development Ministry, will co-invest from €500k to €1.5m in each operation.
FinSMEs
30/09/2015