Innogest SGR, a Milan, Italy-based venture capital firm, closed its second fund at approx. €85m.
Innogest Capital II is backed by Fondo Italiano d’Investimento, among others.
Founded in 2006 by Claudio Giuliano, managing partner, and also led by Michele Novelli, partner, and Richard Belluzzo, venture partner, Innogest has invested in fast growing companies in the medical and digital sectors with a focus on the intersection of technology and Made in Italy (digital innovation in food fashion and design).
In 2015, the firm has backed Angiodroid, a medical technology company (read here), and Monkey Parking, a parking management app.
With offices in Milan, Turin and San Francisco, Innogest currently has €170m under management. Since 2007, it has invested in 28 companies helping them further raise over €150m.