Login    

CDP Venture Capital, 4 funds already active and 2 others to be launched

CDP Venture Capital, 4 funds already active and 2 others to be launched

The 2020-2022 Business Plan “From Italy to innovate Italy” is already operational

Over the next three years, venture capital will be a cornerstone of CDP Venture Capital’s economic development. This is provided for by the Industrial Plan 2020-2022 “From Italy to Innovate Italy” of the CDP’s SGR, which its CEO Enrico Resmini presented on Monday.
The allocation of the funds of SGR is approximately € 1 billion (of which approximately € 800 million already subscribed), thanks to the resources allocated equally by the government and the CDP Group through CDP Equity.
To date, the subscription is close to reaching € 800 million, of which € 260 million through the MoED’s co-investment Fund, which will systematically co-invest with the funds managed by CDP Venture Capital.
Four funds are already operational: The Italia Venture I Fund, which invests in start-ups and innovative SMEs in Italy with a budget of € 80 million; the Italia Venture II Fund - Southern Businesses Fund, which aims to accelerate the competitiveness and development of start-ups and innovative SMEs in the South of Italy with a budget of € 150 million; the VenturItaly Fund of Funds which invests in Venture Capital funds with a budget of € 300 million; the Accelerators Fund, operational since the end of May 2020 aiming to assist the creation and/or development of vertical acceleration programs in strategic sectors, with an initial allocation of € 125 million.
Furthermore, in the coming months, CDP Venture Capital will launch two other funds: The Corporate Venture Capital Fund, which will invest directly in start-ups focused on some of the country’s strategic areas with an initial endowment of € 150 million; and the Tech Transfer Fund, which will support the technology transfer chain through selective co-investment in the most promising start-ups and the investment in specialized vertical funds with an initial endowment of € 150 million.
Last but not least, in the first months of 2021, the launch of the Late Stage Fund is expected. With an initial endowment of € 100 million, it will directly support start-ups already in the “mature” phase that need capital for further consolidation and expansion on international markets.
Overall, SGR is currently evaluating a pipeline of over 200 opportunities and plans to decide upon over € 250 million worth of investments by the end of 2020.

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.

Page Alert
updated
24 June 2020 - 13:47 CEST