P101 sgr – Bebeez report on the VC market and Italian startups
Italian innovation: 5 billion euros in 5 years. including 3 in 2021
MILAN, June 2, 2022 /PRNewswire/ — Startups and scaleups with Italian DNA (Italian founders based in Italy or abroad) raised more 5 billion euros at the end 5 years: Among these, 2.9 billion was raised by Italian companies based in Italy and 2.2 billion by Italian companies based abroad.
justin 2021the total amount raised by Italian startups and scaleups was € 2.9 billion which were distributed over 534 operations. In 2020instead, the total collection had been € 780 million in 306 operations. The previous year, 605 million euros in 244 operations.
This acceleration does not stop: the first months of 2022 started with a record collection: Scalapay, scaling based on Italyclosed one $497 million round.
In 2021, the the internationalization of venture capital has intensified: companies based in Italy and founded in Italy grows and attracts international investors. At a time, Italian venture capital funds increase and invest in foreign companies Italy. Not only do venture capital funds invest abroad, but companies also: they pursue Open innovation without geographical limits, they seek innovation where it was born.
In Italyin 2021 one an increasing number and variety of investors have entered the venture capital market: alongside specialized funds, investment holding companies, companies, business angels, crowdfunding platforms, incubators and accelerators. Here is a complete list of operations and operators.
Much of last year’s fundraising went to 20 companies this collection a total amount of €2.05 billion. Many of these scale-ups were founded by Italians apart from Italy, particularly in the United States or the United Kingdom, to more easily develop a global economic model (details here). The highest ranked scale-up, Sysdig, is https://bebeez.it/private-equity-breakfast/notizie-da-norwest-venture-schroders-blackstone-gp-stakes-nautic-partners-anchorage-digital-kkr- guggenheim-investments-accel-bain-capital-ventures-dfj-growth-glynn-capital-goldman-sach/ a good example of this: https://bebeez.it/private-equity-breakfast/notizie-da-norwest- venture-schroders-blackstone-gp-stakes-nautic-partners-anchorage-digital-kkr-guggenheim-investments-accel-bain-capital-ventures-dfj-growth-glynn-capital-goldman-sach/ a San Francisco-based company, founded by Italian Loris Degioannihe closed a $188 million round in aprilfollowed by $350 million a. ScalaPay, founded by Simone Mancini and Johnny Mitrevskyalso entered into two deals in 2021, https://bebeez.it/venture-capital/la-fintech-milanese-scalapay-incassa-altri-155-mln-dai-venture/collecting $48 million in January then a $155 million in September.
Third place on this podium goes to TrueLayer, a UK-based scale-up founded by the Italians Francesco Simoneschi and Luca Martinettiwhich also closed two rounds last year: $70 million and $130 million respectively.
“In Italy, but also at a broader level of the ‘Italian matrix’, the innovation market is beginning to have a scale and balance sheet unimaginable ten years ago, when we, as P101, were among the first venture capital funds in Italy. What strikes me is the increasingly cross-border dimension to which the Italian innovation system is approaching. I believe that the previously limited size of funds available has been one of the key elements of this situation, as Italian entrepreneurs have been able to create and develop companies which, thanks to precise economics and sound business models, are now appreciated by international investors. Moreover, this system also translates into attentive investors who can accompany and guide the growth of companies, as well as support them economically” declared Andrea DiCamillofounder and managing partner of P101 sgr.
Finally, if we consider the years 2016-2021, 40 scale-ups achieved the highest fundraising: 3.7 of the total amount of €5.1 billion that were raised by all the startups and scaleups mapped. Of these 40, 16 were founded by Italians abroad and raised 2.4 million euros. In 2021, there were 35 Italian VC investments in foreign startups and scale-ups and 15 secondary investments in foreign companies (details here).
About P101 SGR
P101 SGR is one of the leading venture capital firms Italyby investing in digital and technology-driven companies Europe. Founded in 2013 by Andrea DiCamilloit is supported by Azimut, Fondo Italiano di Investimento, European Investment Fund, Fondo Pensione BCC, Cassa Forense, as well as some of the main families of Italian entrepreneurs.
P101 SGR currently manages two funds, as well as the first VC retail investment fund, developed in collaboration with the Azimut group. Managing assets of over €200 million, P101 has invested in over 40 technology companies, including Opyn, Cortilia, Milkman, MusixMatch and Tannico.
SOURCE P101 sgr – https://www.p101.it/