TLDR:
- Italian Founders Fund closes €50 million debut fund for seed and pre-seed startups
- Focuses on leading pre-seed and seed rounds of innovative startups led by Italian founders
Article Summary:
Italian Founders Fund (IFF) has closed its debut funding round, raising €50 million to support seed and pre-seed startups. The fund aims to put Italy on the map of the best spots in Europe to launch a company by focusing on investing in innovative startups led by Italian founders. IFF will also target foreign startups interested in entering the Italian market, serving as a gateway for international funds seeking to invest in Italy. The fund plans to complete 25 transactions during its investment period, with initial investments ranging from €500K to €1.5 million. Led by Lorenzo Franzi, a former partner at Global Founders Capital, IFF is backed by a diverse group of Italian entrepreneurs to empower Italy’s next generation of talent and digital innovation. The fund has already made its first two investments in Jet HR and Glaut, with additional transactions in the pipeline. Italian Founders Fund’s unique approach, involving founder investors in the investment process, sets it apart in the Italian venture capital ecosystem and positions it as a key player in shaping the country’s future economy.
