Turin -based VentoVenture Capital Fund in a private early -stage, announced today its second funding – to find € 75 million committed in the next five years to “find”Brave“Italian startup founder worldwide.
The fund is the vehicle of flagship investment from the organizers of Italian Tech Week, a global event that is designed to support Europe’s growing technology ecosystem and inspire the next generation of Italian technology entrepreneurs.
“We believe the technical and entrepreneurial potential of Italy has been undergoing too long“Added Dial D’VennyVento CEO. “In combination with direct investment, initiative building and our annual technology conference, we committed to change this narrative and position Italy as a major European Tech HubThe “
Since its inception in April 2022, Vento seems to be an important force in Italy’s rapid growing initiative, including the identification, support and scale mission of the next generation of Italian entrepreneurs worldwide.
The Vento Fund, chaired by John Elconn, is chaired by the Veterans industry, Diego Piensitini, Mike Volpi and Jean de La Roachbrocard. It helps to create Italy’s lowly technology ecosystem and encourage a growing technology sector, capable of competing Italy’s largest world industry.
Vento has now invested in 100 startups, including bees, jathr and kumodo, it is reported to have taken one of the largest early portfolios in Italy’s country. Its investment strategy is exclusively focused on Italian founders in the country and around the world after Germany and France, led by the United States and the UK. Second funds are expected to invest in 375 investment for more than five years.
The platform has evaluated more than 3,500 startups, resulting in about 100 investment of Italian founders worldwide, maintaining a highly selected 2.5% conversion rate with the size of a standard € 150K ticket. Follow-on investments have also been created to assist the most powerful Italian founders in their global scaling journey.
The core of the Vento Mission is the ambition to inspire the next generation of Italian founders when encouraging investors worldwide to understand the possibility of Italian technology ecosystem. Italian Tech Week – Annual technology rally organized by Sam Altman, Reid Hoffman, Brian Chesky, Daniel EK and Elon Kasturi in recent years – it is the center of connecting the founders with the Italian Foundation and the next generation of the world -renowned technology agencies worldwide.
“About three years after the vento was launched“Said ElkanVento’s chair. “We are proud to come back to the top Italian entrepreneurs with new funds to renew our commitments. Emotions behind their innovative initiatives and our sharing successes drive to follow us more ambitious goals so farThe “
In addition to funding and Italian Tech Wick, Vento also operates a 5 -month enterprise building program that has created 26 startups from three teams.
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