Venture Capital

Venture Capital: Synergo’s first fund

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Food & agri-tech is also among the macro sectors of interest.

Synergo Capital SGR, independent Private Equity and Venture Capital operator, concluded the first closing of the Sinergia Venture Fund, with Euro 30 million subscribed by private investors, sponsors & advisors and managers of the Fund. The new fund, Synergo’s first dedicated to VC, is focused on investments in innovative technological startups and scaleups, in the pre-Series A and Series A phases, which already generate revenues and are based on “scalable” business models both as target geographies and as a revenue stream, preferably in the b2b or b2e environment.

The technologies of greatest interest are: TCP / IP Application Layer, AI, IoT, Robotics, Blockchain, VR / AR. The main macro-sectors of interest are: food & agri-tech, digital media, e-commerce, fashion-tech, alternative mobility, smart retailing, med-tech.

The Fund was conceived by Simone Cremonini and Giacomo Picchetto who, as partners of Synergo Capital and managers of the Fund, bring to SGR and to the Fund’s target companies a significant mix of skills gained in over 40 years combined of experience in investment banking, hedge-fund management, executive management in media companies, technology, digital & telecommunications sectors.

The Fund can count on a parterre of leading initial investors (Sponsors & Advisors), made up of entrepreneurs, managers and professionals of successful companies including Urbano Cairo (RCS MediaGroup, Cairo Communication), Marco Casiraghi (ENGECO), Giuseppe Falco (BCG), Pasquale Forte (Eldor Corporation), Stefano Simontacchi (Bonelli Erede with Lombardi), Salvatore Vicari (VVA, Bocconi University).

The Fund is a closed-end and reserved AIF with a duration of 10 years and a hard-cap of Euro 150.0 million. As required by current Italian tax legislation, investors who meet certain requirements could benefit from tax deductions for investments in start-ups and / or innovative SMEs. In the course of 2020, despite the Covid-19 pandemic, the Fund team worked on approx. 100 potential investment opportunities allowing you to select a potential target already at the First Closing of the Fund and whose investment should be completed in a very short time.

Simone Cremonini, Partner of the Fund and the Board of Directors of Synergo Capital, commented: “The launch today of Synergy Venture Fund is the best auspicious that I could hope to see why 2021 and the confirmation that with a clear strategy and execution excellent results can be obtained even in turbulent contexts such as the past year. In Italy, we have exceptional entrepreneurs with high potential startups: Sinergia Venture Fund is ready to accompany them with resources and skills on a path of growth”.

According to Giacomo Picchetto, Partner of the Fund , said: “The Sinergia Venture Fund project stems from a careful reflection, shared with our Sponsors & Advisors, on the venture capital market in Italy, which has not yet expressed its full potential also due to the small number of professional investors with adequate capital, network and training resources necessary to accompany innovative companies in a phase of rapid expansion. From today we work to help bridge this gap and achieve successful Made-in-Italy exits”.

Finally, Gabriel Monzon Cortarelli, CEO of Synergo Capital , explained that “the launch of Sinergia Venture Fund represents an important milestone and marks a significant step for Synergo Capital in the process of developing its investment platforms in addition to its traditional investment funds. private equity. We are committed to supporting innovative Italian start-ups in their growth at a time when venture capital investments are so urgent. Building the start-up ecosystem in Italy should be a priority and Sinergia Venture Fund is well positioned to play a leading role in the development of this sector”.

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