Vento rolls out new €75M fund for Italian founders, no matter where they live

Over the past 15 years or more, the European initiative’s capital was transferred to a higher gear, and one way to enrich the ecosystem of a country was to invest the founders from that country, regardless of where they were. It will help to re -protery the entrepreneurial mentality back home. In Europe, part of this approach took part in the Paris-based part Kima VenturesThe Now, a new enterprise agency is hoping to replicate this idea from Italy.

VentoVCS is launching its second fund, especially in Italy, in Italy, especially in the country and abroad to support the founders of Italian startups at $ 75 million.

Derived from the organizers of the sector-agnostic fund Italian Technology WeekTurin held every year in Turin, which hosted among others in Sam Altman, Red Hoffman and Elon Mask.

The event was originally launched by Vento Chairman Fiat Family Skion John Elcan, but was launched by Stelatnis’ chairman (Fiat’s main body) and Agelli family holding company, which controls Fiat and other assets).

Understandably for some of his dignity, there is a wide network in both Europe and Silicon Valley in Elkan, which he helps to bring to ITW. So this is probably not a coincidence that the Vento’s Investment Committee includes elders of the technology industry like Diego Piecentini, Mike Volpi (previous index initiative) and Jean de La Roccrards. Ridiculously, Roachbrokard has recently joined the same kima initiative that Vento imitation after Vento has been controversial Has been removed From the Newwave, last year a French initiative clothing.

To today, Vento has already invested in 100 startups including B, Jeth and Kumodo. Fund II has planned to invest in 375 investment for more than five years, the company said.

Vento’s CEO Dialy Diyeni Techchen called for Techchen, “Italy is far behind in other European countries, but we think this path is the same as others.” So we’re doing it. Italian Tech Week is a way to bring people from outside Italy, to meet incredible investors to meet the Italian founders, and to see the possibility of the Italian ecosystem and to inspire Italy’s talent to form their own organizations. We think that it is not a lot of success in Italy is that the ecosystem is like preventing growth. “

D’Veni added, “There is no shortage of capital. It’s a lack of companies, but we only need some success stories, and then the whole flyhill will start and we will see what we have seen in France. “

Italian Tech Wick effectively feeds this technique, allowing Vento to evaluate more than 3,500 startups applicable to the event, maintaining a standardized € 150,000 ticket, maintaining a select 2.5% conversion rate and with some follow-on investment.

But what was the problem with the previous Italian Tech founders that the alcan felt that this fund would solve?

“When we launched the first fund of Vento in 2022, we recognized that the technical and entrepreneurial potential of Italy was significantly underway,” he told TechCrunch.

“Italian founder has always been exceptional… entrepreneur has shown consciousness, but the ecosystem was not there. Vento was not just capitalization, but a broad platform that was created to solve this gap by direct investment through Italian Technology Week, the building and network development of the initiative. “

However, the Italian company law is often considered less favorable to the founders of the Italian company compared to the UK or US company vehicles. Does the vento funds he is expecting to be Italy-Domicilding Startups or will it be ignorant?

“Our primary promise is to identify exceptional Italian founders and support them in their global entrepreneur journey,” he said. “Italy is taking significant steps to become increasingly competitive in the natural view of international technology and we are sure that these regulatory differences will soon become less relevant between countries.”

Frankly, the technical scene of Italy is improving. Accordingly DealerIn the last five years (2021 to 2021), the capital investment in Italian Startups is $ 1.722 billion in the last five years, which increased more than three times the previous five years, when it hit only $ 1.7 billion.

DEAFENE added that we already planned to reach internationally: “We already have a network of founders outside Italy who are sending US deals, as well as micro-communis of Italians in New York, London, Berlin and Paris.”