TLDR:
- Italian Founders Fund (IFF) raises €50 million for seed and pre-seed startups.
- Backed by diverse group of Italian entrepreneurs, IFF aims to empower Italy’s next generation of talent and digital innovation.
Full Article:
Italian Founders Fund (IFF) has announced the launch of its debut €50 million fund, aimed at empowering Italy’s next generation of talent and digital innovation. Backed by a diverse group of Italian entrepreneurs, the fund focuses on being the lead investor in pre-seed and seed rounds of innovative startups led by Italian founders. Led by Lorenzo Franzi, a former partner at Global Founders Capital, IFF aims to position Italy as one of the best spots in Europe to open a company.
The launch of this fund is seen as a significant sign of maturity for the Italian digital ecosystem, reflecting a growing and maturing ecosystem in the country. IFF offers not only funding but also expertise, experience, time, and a network of highly qualified investors to its portfolio companies. With a goal of completing 25 transactions over its investment period, the fund targets initial investments ranging from €500,000 to €1.5 million, with the possibility of accessing an additional €2.5 million in subsequent rounds.
The fund, housed within the management company Koinos Capital SGR, stands out for its uniquely collaborative community approach. Founder investors actively participate in the process of identifying investment opportunities, allowing the investment team to gain a deeper understanding of the sector and challenges faced by target companies. IFF also aims to serve as a gateway for international funds looking to invest in Italy, facilitating co-investment from the earliest stages.
In conclusion, IFF’s launch represents a new chapter for the Italian Venture Capital ecosystem, driven by a shared goal of promoting and supporting Italy’s promising ecosystem both domestically and globally. With a focus on empowering talented Italian founders and fostering digital innovation, the fund aims to shape Italy’s future economy for the better.
