Investors in Italy

H14 S.p.A. is an Italian family office headquartered in Milan, qualified shareholder of Fininvest SpA, one of the largest European media group. H14 invests across several asset classes, including Direct Investments in Venture and Growth capital, Private Equity Funds, Hedge Funds and broad Capital Markets. Its geographical scope is global, mainly focused on North America and Europe and opportunistically on Emerging Markets. As investor in Venture and Growth capital, H14 acts as a long-term partner in supporting digital entrepreneurs and companies to expand their business across Europe through its strategic network.

P101 SGR is a venture capital firm focused on backing bold, resilient, and visionary founders. With over €500M AUM and 6 funds raised, they partner with early-stage teams building companies that matter.

We are inspired by Amadeo Giannini, the founder of Bank of Italy, whose legacy became today's Bank of America. Amadeo was a progressive banker in the early 1900s making loans to immigrants, farmers, small businesses, women and minorities. He built the first financial institution for the "underserved communities". By borrowing the pioneer's first name, we seek to become a supporter for those innovative but underserved entrepreneurs.

Apheon is a private equity firm specializing in buyout, International expansion, add-on acquisitions, carve-out and industry consolidation investments in lower middle market and mature companies. The firm prefers to invest in niche industrials, healthcare, consumer, services and media. It seeks to invest in Europe, Andorra, Gibraltar, Luxembourg, Netherlands, Iberia, Spain, Portugal, Germany, Switzerland, Italy, Benelux, and France. It typically invests between €10 million ($11.71 million) and €75 million ($87.86 million) in companies having EBITDA between €10 million ($11.71 million) and €60 million ($70.28 million), Enterprise Value upto €300 million ($351.44 million) and turnover between €20 million ($23.42 million) and €100 million ($117.14 million). The firm prefers to take majority stake in portfolio companies. Apheon was founded in 2005 and is headquartered in Luxembourg City, Luxembourg, with additional offices in Europe.

H-FARM S.p.A. is venture capital firm specializing in pre-seed and seed stages, direct and fund of fund investments. Within direct investments, the firm focuses on incubation, start-up investments in the digital, blockchain, edutech, agritech, fashion and innovation sectors. Within fund of fund investments, the firm focuses on venture capital funds. The firm also has an acceleration program and provides business consultancy. It makes investments in Italian companies. The firm takes balance sheet investments. H-FARM S.p.A. was founded in January 2005 and is based in Roncade, Italy with additional offices in Milan, Italy, Rome, Italy and Turin, Italy.

Yellow is a venture capital firm specializing in pre seed, seed and early-stage investments. The firm will invest in both B2B and B2C startups. The firm prefers to invest in Europe with a major focus in Southern Europe, U.K., France, Germany, Nordics and along with Southern Europe areas such as Spain, Italy and Portugal. The firm usually invests from €0.30 million ($0.32 million) to €0.50 million ($0.54 million). Yellow is based in Spain.

We invest in VC opportunities globally, we are geography and industry agnostic and our sweet spot is Pre-seed to Series A stage (opportunistic from pre-seed to Pre-IPO). We mainly act as follower

Panakes is a venture capital firm with the ultimate goal of providing a better life to people all around the world.We back promising teams by providing both financial and business support to build the next generation of game-changing technologies companies in the field of Life Sciences. We invest in ambitious early stage start-ups and SMEs with innovative products globally, mainly across Europe and Israel. We bring strong entrepreneurial and financial expertise to portfolio companies well beyond just capital, relying on a wide network of clinicians and industry experts. We have established relationships with selected industrial partners to assist our founders in accelerating their development.We invest in people, believing that a strong and dedicated team is one of the most important factors in the success of our investments. We aim to work together with entrepreneurs to develop successful businesses as an active and well-connected investor.We invest for people, supporting the growth of companies and people that will reshape the medical world, answering real medical needs, saving lives and providing a better quality of life for patients and care-givers.An overall positive impact that will produce intrinsic value for both investors and society. Panakes derives from Panacea (Greek Πανάκεια, Panakeia), who was the goddess of Universal remedy, said to have a potion with which she healed the sick.

Catalisi is a Business Angel network specializing in startup and preseed investments. It seeks to invest in companies from all over the world with a focus in Italy. It typically invests between €150,000 ($161,213) and €200,000 ($214,950) in each ticket. Catalisi was launched in 2022 and is based in Italy.

Neva SGR, part of the Intesa Sanpaolo Group, invests globally in high-growth companies across Deeptech, Fintech, Life Sciences, and Climate Tech, supporting them through funds like Neva First and Neva II.

NextSTEP (Next Energy Sustainable Technology for the Planet) is an investment initiative of NextEnergy Group, dedicated to the capitalization and growth of early-stage Climate Tech startups.

21 Invest was founded in Italy in 1992 by Alessandro Benetton to invest in mid-market companies and make them grow. In 1998, 21 Invest partnered with a local team in France with the scope of building a top-tier European group together. This long-lasting experience enables 21 Invest to be a renowned mid-market player in Europe with the expertise to create a pipeline of quality investment opportunities and to react to the ever-changing macroeconomic environment.

Luxempart is an investment firm specializing in direct and fund of fund investments. The firm also makes secondary direct investments. Within direct investments, it specializes in PIPE and private equity investments in middle market, later stage, mature, emerging growth, late venture, mezzanine, buyouts, acquisitions and private investment in public equity, and growth capital for small and medium sized companies. Within Investment Funds, it specializes in venture capital, growth capital, secondary and buyouts funds. The firm seeks to invest in listed and non-listed companies. For direct investments, the firm does not target a specific sector, but prefers to invest in companies operating in energy, media, banks, and financial services & insurance, holding companies, credit agencies, insurance brokers, healthcare, retail, industrials, security, and telecommunications sectors. It seeks to invest in companies based in Europe including Grand Duchy of Luxembourg and nearby regions, Belux, France, Germany, Northern Italy, Belgium, Austria, and Switzerland for direct investments, and in Europe, USA and Europe for fund investments. For direct investments it typically invests between €25 million ($27.15 million) and €100 million ($108.61 million) in companies with a minimum EBITDA of €1 million ($1.31 million), target enterprise value between €10 million ($13.11 million) and €2000 million ($2622.02 million), and with a minimum target sales value of €15 million ($19.66 million). For Investment Funds, it usually invests between EUR 10 million ($10.85 million) and EUR 25 million (27.14 million) per fund. It aims to aid its portfolio companies to their IPO through financial aid. The firm seeks Board seats in its portfolio companies. It prefers to take majority stakes in companies but also takes active minority stakes. Luxempart was founded in 1988, and is based in Leudelange, Luxembourg with additional offices in Belgium, Germany, France and Italy.

We invest in AI-applied startups worldwide. Italy is where our heart is.

AG Capital is private equity firm specializing in Industry Consolidation, middle market, Management buy-outs and buy-ins, Partial and total sales, later stage, mature, buy-out and growth capital. The firms prefer no investment in start-ups and turnaround situations, real estate, industries that are not compliant with our ESG criteria (e.g., tobacco and alcohol, armaments, gambling). It typically invests in Austria, Germany, Switzerland and Northern Italy. It seeks to invest between €5 million ($5.78 million) to €20 million ($23.12 million) per investment in small and medium-sized companies with revenues of at least €10 million ($11.56 million). It prefers to take minority and majority stakes. It prefers to co-invest. AG Capital was founded in 2021 and is based in Vienna, Austria.

Bidayat SA is a venture capital firm specializing in early stage and growth capital investments. The firm prefers to invest in consumer industries, Luxury, Fashion, Leather Goods, Jewellery, Cosmetics, Lifestyle, Digital, Marketing & PR, Branding, Supply Chain, Enablers, Entrepreneurship, Investments, Hubs, Academy, Distribution, and Creative Industries accessories, beauty and wellness. The firm prefers to invest in Europe, Middle East and North America region. The firm prefers to invest up to $0.5 million to $10 million. The The firm prefers majority stakes. Bidayat SA was founded in 2021 and is based in Lugano, Switzerland with additional offices in London, United Kingdom, Milan, Italy, Istanbul, Turkey and Cairo, Egypt.

CDP Equity is a holding company that has been set up to boost the Italian economy by investing venture capital in companies of "significant national interest" (as envisaged by the decrees of the Ministry of Economy and Finance of 3 May 2011 and 2 July 2014) or in companies with "economic, financial and capital balance, with adequate prospects of profitability and development, capable of generating value for investors"

dPixel srl is a venture capital firm specializing in incubation, startup, seed, and early stage investments. The firm also provides Scouting and Acceleration, Educational services, Corporate Innovation and Advisory services. The firm seeks to invest in home entertainment, online service, other specialty retail, internet, high technology, media, and digital media sectors. Within digital media sector, it focuses on interactive and digital content, digitalization of processes, software technology platforms, and distribution-based businesses. It typically invests in the companies based in Italy. The firm seeks to take an active role in its portfolio companies. dPixel srl was founded in 2008 and is based in Biella, Italy.

Neurone Sa is a venture capital firm specializing in early to growth stage investment. The firm prefers to invest in technology companies specifically focusing in consumer technology to enterprise software and life sciences sector. The firm invest globally. Neurone Sa is based in Luxembourg, Luxembourg with additional office London, England; Milan, Italy and Nicosia, Cyprus.

Seven2 sas is a private equity firm specializing in middle markets, later stage, carve-outs of business divisions from French or multinational corporations, public to private operations (PtoPs), and leveraged buyout in mid-caps and small and medium-sized companies. It seeks to invest in technologies, telecom, retail and consumer, media, healthcare, and business and financial services sectors. In information technology sector the firm focuses on high-tech goods and services, software technologies, hardware, emerging application segments, and services based on the mastery of new technologies. In specialized retail and consumer, it typically invests in home appliances, household goods and services, specialty retail chains, personal equipment, direct retail and e-commerce, business to business distribution, and consumer goods. In the media sector the firm seeks to invest in professional and technical publishing, broadcasting, business to business publishing, business, scientific and technical information, marketing, research, and design service companies, traditional and online, media agencies, rights, premium content and the supply of Internet content. It seeks to make investments in the telecommunications sector in segments including infrastructure and services, telecom operators, cable operators and technology companies, voice-data-video convergence, and development of new mobile services. The firm also invests in business and financial services in outsourced services focusing on financial services, business process outsourcing, services related to energy and environment. It makes investments in healthcare sectors with a focus on medical devices and services companies including private sector hospital treatment focusing on therapy of new medications or new forms for administering drugs, pharmaceutical laboratories, medical equipment, dermo-cosmetics, galenic development, and services and databases for health organizations, and health services including hospitalization structures, home health care, and medical analysis. The firm seeks to invest in companies based in French-speaking countries including France and Europe. It also invests in Turkey, Australia, Japan, South Korea, New Zealand, North Korea, Austria, Belgium, Denmark, Finland, Germany, Greece, Iceland, Italy, Belgium, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Czech Republic, Hungary, Poland, Slovakia, Mexico, Chile, United States and Canada. It prefers to invest in equity investment between €3.47 million ($3.79 million) and €250 million ($273.2 million) in Mid-Market €50 million ($54.65 million) and €250 million ($273.2 million) and Development: €15 million ($16.40 million) and €50 million ($54.65 million) with sales value between $13.34 million and $2732.9 million and enterprise value between $10.88 million and $1113.52 million. The firm may co-invest with others. It seeks to acquire majority or significant minority stakes and a board seat in its portfolio companies. It prefers minority position if the transaction is based on a genuine partnership with the management team, which confers them certain rights. The firm typically invests for a period of five to seven years on average. It seeks to exit its investments through trade sales, IPOs, secondary buyouts, as well as partial sales, and recaps. Seven2 sas was founded in 1972 and is based in Paris, France with additional offices in Europe.

Simest SpA (Società Italiana per le Imprese all’Estero SpA) is a private equity and venture capital firm specializing in the development and promotion of Italian enterprises abroad, providing advisory services and investing along Italian companies, consortium and cooperatives that are interested in acquisitions in foreign countries. The firm specializes in direct and fund of fund investments. It specializes in seed/start-up; early, mid and late venture; emerging growth; and growth capital investments. It seeks to acquire minority stakes, both directly and through its managed venture capital funds, in small and medium sized enterprises active in all industrial, commercial and services-related sectors. Geographically, the firm invests outside the European Union, focusing on the Balkans; Eastern Europe; Northern Africa; Middle East; Central and Southern America. It also invests in companies within the European Union. Investments in the Southern regions of Italy are also considered. It takes equity stakes up to 25 percent when investing directly; however, the equity stake can go up to 49 percent when investing through a managed fund. In addition, the firm offers advisory services on all the phases of investing abroad, from launch to implementation; as well as facilitating access to international and supra-national financing and to European Union business internationalization programs. Simest SpA was established in 1991 and is headquartered in Rome, Italy with a additional offices in Milan, Italy, and Venice, Italy.

UC Capital is a private equity and venture capital firm specializing in transformation and growth capital, buyout; special situations; either under performance, stress, distress, or right-out insolvency. The firm typically invests in small and medium size enterprises. It prefers to invest in those companies with solutions to infrastructure (solar, construction, utilities, energy), manufacturing and engineered products, advanced materials, healthcare and automotive and companies with growth opportunities. The firm primarily invests in companies based in Europe including European Union with a focus on Northern Italy, Spain, Belgium, the Netherlands and Luxembourg, Austria, Switzerland, Benelux, Southern Germany, and France, and in India. It prefers to take majority stake. The firm seeks to acquire controlling stakes and co-invests in minority positions. UC Capital is based in Barcelona, Spain with additional office in Pune, India, Catalonia, Spain, Bangalore, India and Luxembourg. As of November 10, 2016, UC Capital operates as a subsidiary of Capvent.

We invest in Italy-based tech start-ups with proven traction in the market (at least €1m revenues or €100k MRR for enterprise software) and exponential growth potential. We are industry agnostic (with the only exception of the health/biotech sector).

Ad4Ventures is a venture capital arm of Mediaset SpA specializing in investments in start-ups, mid-stage, earlier stage, and growth stage. It seeks to invest in digital B2C private companies, consumer staples, digital goods, goods, services, digital technology, consumer, communication and promotion, and retail sectors. Within goods it focuses on cloths, luxury, and technology. Within services it focuses on social, mobile/ second screen, banking/finance, dating, price, and couponing. Within digital goods, it focuses on games, tickets, coupons, travel, insurance, and education. The firm prefers to invest in companies in Italy and Spain, but also considers foreign businesses that are not yet present in the country. It prefers to invest in exchange for equity or revenue shares and take a minority stake in its portfolio companies. The firm seeks to take revenue shares when the media cooperation is estimated to impact short-term revenues and equity when the media cooperation impact produces midterm value and faster growth. Ad4Ventures was founded on March 18, 2013 and is based in Cologno Monzese, Italy with an additional office in Madrid, Spain.

Arcadia (www.arcadiasgr.it) is an independent asset management company authorised by the Bank of Italy, specialised in Private Equity investments in Italian non-listed SMEs. The investment team has a cumulated experience of over 100 years in Private Equity and is supported by a group of first-class business experts, who have an extensive experience in their respective industry as C-Level managers in blue-chip international companies. Arcadia has an industrial approach: portfolio companies are managed through an active presence in the BoD and with a significant support to the managerialization and sustainable growth of the business. The first fund raised by Arcadia (Arcadia Small Cap), with a total commitment of Euro 53 million, has completed 4 investments and has been fully liquidated generating solid return to its investors. In 2017 Arcadia raised its second private equity fund, Arcadia Small Cap II (“ASC II”), with a total commitment of Euro 80 million. ASC II has been subscribed by institutional Italian and international investors, among which the European Investment Fund. ASC II has completed seven investments and one divestment to date. Arcadia is currently completing the raising of its third fund, Arcadia Sustainable Capital III ("ASC III"), which has already secured commitments for Euro 90 million. The fund is PIR Compliant and placed in Article 8 of SFDR, incorporating ESG factors in its investment activity. ASC III has completed its first investment with the acquisition of KEP Italia, leading manufacturer of helmets for horse riding. Kep Italia has completed a first add-on, acquiring Veredus, a company active in protection products for sports horses.