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Azimut Holding and Earlybird Continue to Negotiate to Launch Technology Venture Capital Fund in Italy


Italian asset management company Azimut Holding is continuing the negotiations with Earlybird Venture Capital to launch a new venture capital fund investing in the technology sector in Italy.

The fund, which will be launched within Azimut Group’s Luxembourg platform, will be dedicated to qualified investors with the aim of investing in Italy-based startup companies active in the technological sector. It will be managed by an advisory company 60% owned by Earlybird’s Italian partners and 40% owned by Azimut Holding.

Founded in 1997 in Germany, Earlybird Venture Capital has offices in Hamburg, Munich and Berlin and is present in Italy since 2011 with Michele Novelli (former managing director at Hansenet), Rolf Mathies (among Earlybird’s founding partners), Barbara Poggiali (former CEO of Dada and before in Rcs Mediagroup) and Andrea Baldini (former Cisco) with whom the partnership will be developed.

Active since 1989 and led by Chariman and CEO Pietro Giuliani, Azimut Group is an Italian independent asset manager, whose parent company Azimut Holding was listed on the Italian stock exchange in 2004 (AZM.MI) and, among others, is a member of the main Italian index FTSE MIB. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices in Italy, Luxembourg, Ireland and China.