H-Farm, a venture incubator based near Treviso, Italy, has announced a €10m increase in capital.
The increase was subscribed by some existing partners, including Lauro Buoro (Nice) and Giovanni Zorzi (Zorzi Industrial Vehicles), and new supporters such as Luca Marzotto (Zignago Vetro), Nicola Riello (president Riello Investimenti), Mauro Banchero (president ICT Team and former managing director of Sun Microsystems), Barbara Donadon (managing director of Altana) and Riccardo Lorenzini (founder of the eponymous renowned communications company).
The investment is designed to launch an average of 10 digital companies a year, for the next five years.
Founded by Riccardo Donadon, H-Farm is a venture incubator that aims to accelerate the development of Internet startups via a combination of seed investment and incubation services.
It is present at international level with additional offices in Seattle, WA, London and Mumbai.