Italian Investment firm Azimut has partnered with investment platform Gellify Group to launch a new venture capital fund.
Azimut Digitech Fund is a closed vehicle which will be focused on business-to-business (B2B) software startups.
The fund, which targets LPs such as professional investors and high-net-worth individuals, has a 7 year duration and a raise target of €50m.
It will be managed by Azimut Libera Impresa SGR while the scouting, negotiation and monitoring activity will be led by the founders of Gellify, who are Fabio Nalucci, Michele Giordani, and Gianluigi Martina.
Investment focus is on early stage startups and growth stage startups advancing technologies such as:
– Artificial Intelligence (Machine Learning, Deep Learning, Cognitive)
– Internet of Things and Industry 4.0 (4th Industrial Revolution, Industrial IoT, Digital Factory, Smart Manufacturing)
– Blockchain (digital signing, smart contracts, and distributed ledger)