Presentazione Piano Industriale LVenture Group 2016-2019

1. Looking Forward
01.03.2016

2. Disclaimer
• This presentation, its contents and any statement made in connection with it do not amount to - and cannot be construed as amounting to - any
solicitation or other offer to sell or buy any security or financial instrument issued by LVenture Group, nor to a recommendation, suggestion,
advocacy or other marketing or similar effort of any investment in any securities.
• Therefore, any investor contemplating purchasing securities or financial instruments issued by LVenture Group should make its own independent
investigation and assessment with respect to the financial condition and affairs of the issuer, as well as its own appraisal of LVenture Group’s
creditworthiness, and it should carefully consider the risk involved in purchasing such securities or financial instruments.
• Any forward looking statement included in this presentation or provided in connection with it reflects management’s current plans, views, estimates,
projections and objectives. Actual results may differ materially from such expectations, as they relate to future events and circumstances which are
beyond our control, including, amongst other things, internal, industry and external factors, such as general economic conditions. Any user of such
information should not place undue reliance on such forward looking statements.
• This presentation, its contents and any statement made in connection with it have not been independently verified. No representation or warranty,
either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the
information provided. LVenture Group, its representatives, directors and employees are not (and cannot be held) liable, under any circumstance and
for any reason, in relation to such information or any damage, loss or cost arising from its use or otherwise. LVenture Group is under no obligation to
update or keep current the information contained in this presentation.
• This presentation, its content and any statement made in connection may not be reproduced or redistributed, in whole or in part, or otherwise
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3. Other Revenues
Who We Are
TOP20
Most Active
Tech VCs
«The 2014 European Tech Report»
Most
Active VC
in Italy
Source: bit.ly/TECH_EU2014
• LVenture Group is one of the few listed Venture
Capital operators in the world
• Based in Rome with an integrated acceleration and
investment approach
• More than 1.5k investment proposals analyzed
yearly
The Venture Capital Business
Rome
SEED
Up to €250k investment
in startups exiting the
acceleration program or
other startups selected
from the market
MICRO SEED
Investment of €80k in
every startup through
LUISS ENLABS
Acceleration program
ACCELERATION
Offering LUISS ENLABS
services to third parties
CO-WORKING
Events and desks or offices
rented to startups
SCHOOL
Courses for corporates and
privates via DoLab School
OPEN INNOVATION
Fees from Open Innovation
Programs for corporates

4. The Team
• Senior team with a cumulated
experience in the financial
capital markets of over 100
years
• Combined skills and a
positive entrepreneurial track
record
• High reputation, strong and
extensive networks
Source: elaboration based on the organisational chart of the group

5. Current Business Model
Startups from the market
DealFlow
LUISS ENLABS
Micro Seed
up to €80K LVenture
Seed
up to €250k
EXITSelection
6+
Startups
LVenture Group’s investment
0
months
3 9
years
Universities
Events
Partners
Online
VCs
Word of Mouth
Third Parties’ Programs
Startups
Expected cash multiple of 5.45
LVenture Group combines both financial and entrepreneurial expertise in the micro seed
and seed segment thanks to its integrated model with a startup accelerator

6. Arbitrage Opportunity
Investing in Italy with competitive valuations and rapidly scaling startups to international
markets with higher valuations
Micro Seed Series ASeed
Investment
Priority International
VC Funds
Co-investors:
€1.5m
€3m
€5m
Italy Europe Silicon Valley
Average Pre-money Valuation
€5m
€7m
€10m
Italy Europe Silicon Valley
Average Pre-money Valuation
Acceleration Program
standard deal:
• Premoney: ~ €800k
• Investment: €80k
• Equity: 9%
Source: own data elaboration based on internet information

7. Competitive Advanteges
Multiple deal sources and data-driven processes
Entering at early stage with competitive valuations
Small investments and diversified portfolio
Full support with an entrepreneurial approach and a network of advisors
High Return Rates: early-stage investment

8. The Ecosystem
• Thanks to its activities and
results, LVenture Group has
managed to create a dynamic
ecosystem
• Interactions and synergies
within the ecosystem are
essential for the growth and
development of startups
• LVenture Group’s unique
ecosystem relies on the strength
of a network of exceptional
stakeholders:
• Investors (business angels
and VCs)
• Corporates
• Universities
• Advisors
• Partners & Sponsors
• Institutional bodies
• …
SPONSORS
PARTNERS
ADVISORS
50+
International
Champions
SPONSORED
PROJECTS
CORPORATES
UNIVERSITIES
INSTITUTIONAL
BODIES
INVESTORS
NETWORK
30+ Startups

9. Estensive Corporate Network
EmotionsIndustrialFinanceUtilityTechnology
Our ecosystem is engaging an increasing number of corporates seeking to get involved in innovation

10. A Fast Growing System
In 36 months: 27 startups accelerated by LUISS ENLABS
23 startups raised over €9m (more than 60% from third party investors)
~ €650k
in 9 months
~ €1.1m
in 6 months
~ €1.4m
in 3 months
~ €2.3m
in 2 days
Acceleration Program 2013 Acceleration Program H1 2014 Acceleration Program H2 2014 Acceleration Program H1 2015
Source: data elaboration based on internal data as of 31.12.2015
Capital raised by startups after the Acceleration Program

11. Results
33
Portfolio startups
€5m
Invested by LVenture Group
28 months
Portfolio maturity
€13.7m
Invested by third parties
Source: elaboration based on internal data as of 31.12.2015

12. Startup Investment Criteria
LVenture Group is a seed investor in digital tech startups with global markets and with a
replicable and scalable business model focused on B2B sectors
SaaS
Market: fast growth & international
Marketplace IoT Lifestyle Gaming Big Data Fintech Cleantech
Team: complete & heterogenous

13. 0
500
1000
1500
2000
2500
2013 2014 2015
Amount Invested by year
Total Amout Invested
697
(15)
1,197
(22)
2,000+
(31)
Investment Activity
Over the three years of activity the investment trend has shown an annual growth rate
that exceeds 90% and the overall amount invested to date is of over €5 million
Figures in €k (# of deals)
90%+
CAGR
Source: elaboration based on internal data

14. Startup Investments
• Micro-seed Investment: €80k in startups participating to the Acceleration Program
and €30k for the most promising startups participating to third parties’ programs
• Follow-on Investment: average amount of €63k
• Seed Investment: average amount of €144k
0
0,5
1
1,5
2
2,5
3
3,5
4
2016 E 2017 E 2018 E 2019 E
Total Amount by year
Total Amount
2.4
(34)
3.0
(43)
3.2
(48)
3.4
(49)
Figures in €m (# of deals)

15. Portfolio
33 startups in the portfolio 23 of which are from LUISS ENLABS Acceleration Program:
Portfolio @ cost: ~ €5m and an average lifetime of 2.5 years
Accelerated by LUISS ENLABS (chronological order)

16. Portfolio – Revenues
Startups founded in 2011
and 2012 – entering LVG’s
portfolio in 2013 – have
more than doubled the
revenues performance rate
in two years (2013-2015)
Startups which received an
investment by LVG in 2013
have so far registered a
revenues performance rate
of 7.49, while those included
in the «Vintage 2014»
achieved the same result
within a year
Total Revenues
(# of startups)
2013 A 2014 A 2015 F Performance
Vintage 2011 (4) 1,242 1,615 2,665 2.15x
Vintage 2012 (4) 85 110 229 2.69x
Vintage 2013 (10) 321 1,295 2,405 7.49x
Vintage 2014 (6) - 106 830 7.83x
Vintage 2015 (9) - - 897 N.A.
Source: data elaboration based on information provided by the portfolio companies
The quality of LVenture Group’s investments has progressively improved over the years,
allowing the registration of increasingly positive performance rates

17. Filo
Filo is a small device which helps to keep important things under control

18. Soundreef
Soundreef collects, tracks and pays royalties to copyright holders of music

19. Tutored
Tutored is an online hub where students can find a wide range of tools and resources

20. Strategic Goals
The core of the strategic business plan is the achievement of three goals which are
essential to deliver positive results
Exit Revenues
Realize the first exit of a
portfolio startup
Achieve the sustainability with
a positive operating margin
Expansion
Create the Startup Hub and
international connections

21. Exit
Exit
Trade sale through
M&A or IPO
LVenture Group is able to pursue the exit of its portfolio companies (at an expected cash
multiple of 5.45) thanks to the support of the ecosystem and the network of qualified
advisors with corporate experience
Portfolio
High potential
startups
Advisors
LVG TeamEcosystem

22. DoLab School Digital Smart
Learning, is a school for digital
professions that provides a
wide range of courses: in
house, on site and online
Do-Lab
School
Revenues
Expected strong revenue increase from education programs and consulting services,
especially acceleration programs for third parties
0
0,5
1
1,5
2
2,5
3
3,5
4
2015 F 2016 E 2017 E 2018 E 2019 E
Revenues by year
Total Revenues
Figures in €m
1.0
2.3
3.2
3.6
3.9
Open Innovation
Program
LUISS ENLABS offers its
acceleration services to
corporates and institutions
interested in getting involved
in innovation
Aims at getting corporates
involved in innovation by
suppling services: access to
the co-working space, startups
scouting and others
The Accelerator provides the
opportunity to rent working
stations in its spaces,
encouraging serendipity and
business networking
Acceleration as a Service
Co-working
Facilities

23. Expansion
Over 3,500 square meters within Termini Station
(along via Marsala):
• Open space of 610 square meters
• 19 office rooms
• 6 areas reserved to partner corporates
• 2 event halls: 200 seats and 60 seats
• Relax areas and kitchen
Expanding the physical hub in order to create the Startup Hub to engage more corporates
and building connections abroad to foster an international network
The Startup Hub Global Accelerator
Network
Gathers the world's most
respected organizations that
support the startup industry all
around the globe including 75
of the top accelerators and
organizations in the startup
sector, with offices in more
than 100 cities around the
world
Rainmaking Loft:
a base in Berlin
Rainmaking Loft is an
international startup hub
and co-working space based
in Berlin run by
entrepreneurs and angel
investors. Rainmaking Loft is
dedicated to supporting and
growing tech start-up
community in Berlin
Further national and international expansion to come
Milan London New York City

24. 0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Revenues Capital Gains Operating Costs Write-off
Key Figures
2019 E
0.6
1.50
0
2.0
2.3
3.0
0.7
1.5
3.8
4.0 4.1
3.2
3.6
3.9
3.2
6.1Figures in €m
2018 E2017 E2016 E2015 F2014 A
0.3
0.1
1.0
1.4
0.5
1.0
0.9

25. Fundraising
€9.9m
Capital raised
to date
2,500+
Shareholders
~55% free float
€4.99m
New capital
increase
• Increase market
liquidity: projected
market cap of €20m
• New resources to
support both
investment activities
and diversified projects:
Startup Hub,
internationalisation
and Open Innovation
process

26. Invest in Us
LVenture Group stock is a way to invest in a high growth sector combining a diversified VC
portfolio with the liquidity of a tradeable security
High
Expected
Returns
Diversified
Portfolio
Liquid
Asset
Venture
Capital
Motivated Team
Directors hold more than 42% shares

27. Via Giovanni Giollitti 34 Roma
Phone +39 06 4547 3124
lventuregroup.com
comunicazione@lventuregroup.com