Slides presented during #ISVwebinar n°2, 19 September 2016.

1. 1
Italian venture capital market,
key figures and perspectives
Claudio Giuliano, AIFI
Roma, September 2016

2. 2
The startup ecosystem in Italy
5,415
Innovative startups
96
Incubators and
business accelerators
43
Technology parks
49
Startup
competitions
3,000
Business angels
20
Venture capital
players
Source: Chamber of Commerce, SiamoSoci, Osservatori.net Politecnico Milano, AIFI

3. 3
+74% amount invested
+15% number of investments
+6% number of startups financed
2002-2015
981 startups financed
1 Bln Euro invested in seed and startup deals
2015 vs 2014:
Source: AIFI-PwC
122
investments
48
54
36
43
57
68 67 66
77 78
106 108
84 89
65
59
23
30 29
66
115
98
89
82
135
81
43
74
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Number of companies Amount invested (Euro Mln)
122
investments
Venture capital in Italy since 2002
~

4. 4
Focus 2015: the sector distribution of early stage deals
Source: AIFI-PwC
0
5
10
15
20
25

5. 5
3.5%
+6.8%
10.3%
Comparative annual revenue growth 2004-2014
Average CAGR %
VC companies
Benchmark
The economic impact of venture capital in Italy
Note: PwC study based on a sample of 246 venture capital divestments undertaken in Italy by venture capital players in the period 2004-2014. Benchmark extrapolated from the information
included in ʺDati cumulativi di 2.055 società italiane”, compiled by Mediobanca

6. 6
The VC Player – 2016 landscape
Source: Fondo Italiano di Investimento (revised by Innogest Sept 2016)
Primo
miglio
Principi
a I
Digital Investments
Atlante
Ventures
Atlante
Ventures
Mezz.
Principia II
Principia
HealthCare
Innogest Capital
I
Next
Panakes
TLCom
Seed Stage Round A Round B Late Stage
FOCUSEDBROADINVESTMENTSECTORS
P101
Oltre II
360
Capital I
TTVenture
Vertis
Venture
Invitalia
Ventures
Atlante
Seed
= Fund Dimension
Equal to €50 mln
United
Ventures
Innogest
Capital II
360 Capital
2011

7. 7
Some case histories in the Italian market

8. 8
Institutional website for startups aimed at connecting them with venture
capital investors and the ecosystem.
The website is characterized by two main sections:
• Informative section: news and documents on the players active in the
startup ecosystem, with practical guides, case histories, links to international
websites, video clips and other material on the most important topics, such
as venture capital, business angels, equity crowfunding, national incentives,
business planning, tax&legal.
• Marketplace: section dedicated both to startuppers/entrepreneurs and to
venture capital investors. It’s a virtual place that connects business ideas to
equity investors.
A new AIFI-FII project: VentureUp
In cooperation with:
www.ventureup.it
Initiative of:

9. 9
Italian venture capital market,
key figures and perspectives
Claudio Giuliano, AIFI
Roma, September 2016