Italian Founders Fund Launches €50M Debut Fund for Pre-Seed and Seed…

Team S · 2024-11-18T08:41:31.000Z

Italian Venture Capital firm Italian Founders Fund (IFF) has announced the launch of its debut €50 million fund, targeting pre-seed and seed stage founders operating in Italy and abroad. The fund aims to complete 25 transactions over its investment period, with initial investments ranging from €500,000 to €1.5 million and the potential for up to €2.5 million in follow-on rounds. Lorenzo Franzi , founding partner of IFF, emphasized the significance of this launch for the Italian Venture Capital ecosystem, highlighting the involvement of over 100 founders and key figures from Italy's entrepreneurial and innovation sectors. The fund's strategy is to create an integrated system that promotes and supports Italy's promising startup ecosystem both domestically and internationally. IFF has already made its first two investments. The first is in Jet HR, a tech company focused on simplifying HR management bureaucracy, which marked the largest pre-seed round in Italy. IFF co-invested in this round alongside Exor Ventures. The second investment was made in Glaut, an AI-powered market research and surveys company, with participation from various international funds and angel investors. Marco Morgese, CEO of KOINOS Capital SGR, the management company behind IFF, noted that founder-led funds are common in markets where innovation drives industrial development policies. He cited examples such as Founders Fund in the USA, 10x founders in Germany, Galion.exe in France, ByFounders in Scandinavia, and Dutch Founders Fund in the Netherlands. The launch of IFF represents a strategic evolution for KOINOS, transitioning from a private equity fund supporting small and medium-sized Italian businesses to a multi-asset platform encompassing both private equity and venture capital, while maintaining a strong entrepreneurial focus.

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Italian Founders Fund Launches €50M Debut Fund for Pre-Seed and Seed… | Newnex