Digital Magics, a Milan-based venture incubator of innovative startups and digital scaleups, listed on the AIM market of the Italian Stock Exchange (symbol: DM), Los Angeles Venture Association (LAVA) and ICE – Agency for Overseas Promotion and the Internationalization of Italian companies, have teamed up to promote and develop funding for Italian innovative startups, by major US institutional investors.
Under the terms of the agreement, a series of meetings will be organized in Los Angeles and in the United States to promote Italian innovation excellence to the US market.
According to Gabriele Gresta, Co-Founder and Board Member of Digital Magics, this is the first of a series of initiatives aimed to further expand the network of Digital Magics investors in the US market.
Led by Enrico Gasperini, Digital Magics has already made over 40 investments investing approximately €14.8m, has achieved 6 exits, and 4 write-offs. The average investment is around €300k.