Exor, a listed holding company controlled by the Agnelly family (who are behind Fiat Chrysler, Ferrari and FC Juventus) and its controlled, reinsurance company PartnerRe are running a $100m investment initiative.
According to the Exor’s website, “Exor Seeds is looking for exceptional founders, with the ambition to build great businesses in their field“. To this end, it leverages its proven expertise as builders, and a global network across industries and geographies.
Exor Seeds has already invested $20m in 11 US based tech startups including:
– Brex
– Life
– Reflexion
– Privacy
– Hexanow
– Truelinkfinancial
– Cover
– Tekion
– Saildrone
– Kheironmed
– Smallhold.
Led by Managing Director Noam Ohama, Exor Seeds has a longer term orientation in comparison of the one typical in venture capital (3-5 years). Exor and PartnerRe have committed $50m each to the initiative.
Prior to managing Exor Seeds, Ohama was managing partner of venture capital firm Conegliano Ventures, and co-founder and Partner of global equity long-short firm BeaconLight Capital.
He started his investment career in 2007 at Atticus Capital, where he managed a fund-of-funds.
Ohama graduated from Sciences Po (Public Affairs) in 1999 and from Stanford University (MA), where he was a Fulbright Scholar, in 2001.
He was joined in 2017 by Martin Pustilnick, who graduated with an M.B.A. from the Stanford Graduate School of Business. Pustilnick worked as an Associate at the Boston Consulting Group from 2012 to 2014 before joining OLX (a classifieds platform in emerging markets) where he worked for a year on strategy and operations. Original from Buenos, Aires, Argentina, he has a B.A in Economics from Torcuato Di Tella University.
Led by John Elkann, president and CEO, Exor is an investment company which invests in different sectors, mainly in Europe and in the United States with a Net Asset Value of nearly $23 billion.
FinSMEs
11/06/2018