Vertis Venture II: a new venture capital fund for italian startups

Vertis Sgr has recently announced the raising of a new venture capital fund - Vertis Venture II - with a target of €60 million as well as the launch of an incubator for innovative startups. The announcement was made by Amedeo Giurazza (CEO of Vertis) during the two-days meeting (on 17th and 18th May) organized by the firm to discuss on venture capital in Southern Italy. Not only, Giurazza did also announce the launch of an incubator for innovative startups within IPE, the Naples' management school directed by Antonio Ricciardi, as well as the strategic alliance with Il Denaro, a regional economic magazine. The IPE management school will train future innovators while Il Denaro will take care of the communication. The new fund, "Vertis Venture II", will invest in the whole peninsula, in contrast with the first fund (of 25 million euros), which has been raised also using the resources put at disposal by the italian government for an ad-hoc vehicle conceived for Southern Italy. Vertis Venture II will also invest in seed operations, namely investments between EUR 50k and 300k.

The company is preparing now the new fund regulation which will be submitted to the bank of Italy. A fund in which will probably also invest

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Innogest SGR and Principia SGR on Fund Raising Tour to back Italy's Dynamic Startup Ecosystem

Innogest SGR and Principia SGR two of Italy's leading VC-funds have recently announced the preparation of three new VC funds. The Turin (Innogest) and Milan (Principia) based seed investors after a very exciting and successful 2012 on the investment side, with respectively 3 (Innogest) and 12 (Principia) operations of seed and venture capital financing breakthrough ides and very promising Italian startups of now announced the launch of their new VC funds.

Innogest SGR has announced this week the first closing of the new fund, Innogest Capital II, at roughly 50 Mln Euro.  With the first closing of its second fund, Innogest SGR's total capital under management amounts now to 140 Mln Euro , confirming Innogest s position as the leading italian venture capital firm. Oh the other side Principia SGR revealed to the magazine MF-Milano Finanza that it is preparing the launch of two new venture capital funds for the development of innovative companies in the digital space, one dedicated to life sciences and the other conceived for the made in Italy (with exception for the food industry). Target of the funds raising are very ambitious: we talk about 100 Mln Euro each.

Michele Costabile, Vicepresident at Principia SGR, interviewed by BeBeez told that on March 30th, 2013 Principia II closed its investment period, having fully invested its financial endowment, at the net of paid and due fees. Overall, the fund has invested 53 Mln Euro in 30 different operations of seed and expansion capital in southern Italy.

The most important investment closed by Principia SGR was

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