Innogest SGR, the leading Italian venture capital firm, announced the second closing of Innogest Capital II fund at €70M (around $90M), out of a non declared target of 60-80 millions. Innogest Capital II is the second fund raised by Innogest SGR and fundraising will be closed next February 2015. Total capital under management currently amounts to over €160M (over $200M). New investors contributing to the second closing include the European Investment Fund and some leading industry experts in the firm's areas of interest, that joined existing private and institutional investors as well as the Italian Innovation Fund (Fondo Nazionale dell'Innovazione). The raised funds - €70 million - should be considered over a period of five years, i.e. as if the fund invests about €15 million a year.
Founded by Claudio Giuliano, the VC firm targets companies in the ICT/digital and med-tech space. Since its founding in 2007 the Innogest investment team invested in 24 companies, 4 of which through its new fund, and helped its portfolio companies in raising over 120 millions in co-investments. Innogest SGR is the leading Venture Capital fund in Italy with offices in Milano and Torino. Its investment strategy targets Italian companies with global ambitions, with specific focus on two areas of interest: ICT/Digital and Medical Technologies. Since 2007 the Innogest team has invested in 24 companies, 4 of which through its current Innogest Capital II fund, and helped its portfolio companies in raising over € 120 million in co-investments.
Posts
