Italian Angels for Growth (IAG) is the largest angel investor group in Italy, founded in 2007 with over 120 members. IAG promotes entrepreneurship and helps new entrepreneurs grow their companies by providing seed and startup financing between €300,000 to €800,000. IAG has invested a total of over €11.7 million in 43 companies across various industries, primarily in Italy but also internationally through partnerships.

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Who we are
Italian Angels for Growth (IAG), the largest Angel
Group in Italy, was founded in 2007 as a non-profit
association, by nine Founding Members.
Nowadays IAG consists of about 120 members.
Our purpose is to promote entrepreneurship
as an engine of economic growth and a tool of
democracy in our country.
We strongly believe in the need to help new
entrepreneurs to rise and grow the companies of
the future.
Our organization is promoted and managed
exclusively by individual investors and we
operate in order to offer our members the best
opportunities to invest in. The Organization is,
therefore, totally apolitical and independent from
specific sources of deal flow, public or private

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Our values
Global Vision
Profit
Sharing
Innovative
Entrepreneurship
Merit
Passion and Fun

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How we operate: investment process
Pre
Screening
Screening
groups
Screening
committee
General
assembly
Due
diligence
Investment

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Our investment focus
We invest in Italy and abroad where
we work with partners such as other
angel groups or funds
Target sectors
we invest in any sector where
we have at least one expert
member
Level of innovation
strong proprietary product or
process innovation, both in new
and traditional sectors
Investment stage
early stage financing, including
seed but above all start-up
financing
Investment amount
from €300,000 to €800,000
Target companies
start-ups and young companies
(up to 2 mil € in revenues) with
high growth potential

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Soft commitment
From 22.02.08 to 31.12.14
In due-diligence &
negotiation
BP received Screening groups
Rejected by
screening groups
Presented to members
Deals closed
2135
457 (21%)
561 (27%)
92 (4,4%)
61 (2,8%)
30 (1,4%)
7 (0,3%)
Our Deal Funnel
2395
470 (20%)
629 (26%)
104 (4,3%)*
66 (2,8%)*
32 (1,3%)
6 (0,3%)
PassPack, Biogenera, Quotient, Senseor, S5
Tech, Trumedia, Spreaker, Nomesia, Ohikia,
On-Sun, WIN, Stereomood, Agroils,
Sedidicodici, Margherita, Eugea, Proxtome,
Angiodroid, Musement, Cellply , Lovli, GiPS
Tech, Biobeats, Wineverse, Qurami + 6
Individual invest.

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Portfolio IAG by industry: amount invested
Medical/Diagnostics;
€ 2.200.000
Internet; € 1.282.500
Cleantech;
€ 1.420.000
ICT / IT / HiTech;
€ 1.997.500
Electronics;
€ 1.344.000
BioTech / Life
science; € 2.090.000
Media /
Entertainment;
€ 659.000
Telecom / Mobile;
€ 185.000
Other sectors;
€ 461.000

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3
Portfolio IAG by Geography
Piemonte
Lombardia
Toscana
Lazio
Emilia Romagna
Friuli V.G.
Spreaker**
Eugea
Biogenera
Angiodroid
Cellply
Margherita
Nomesia
S5Tech
Ohikia
Musement
Lovli
Drexcode
SediciDodici
Stereomood
Passpack*
Qurami
Agroils
WIN
*Biobeats
UK/Spagna On Sun Systems
Isreale/USA Trumedia
Francia Senseor
UK Quotient
*Italia/USA Passpack, Biobeats
**IT/USA/DE Spreaker
***USA/Italia ProxToMe
USA Tok.Tv, Biobeats
28 Startups
Outside Italy
5
3
6
Calabria 1
GiPS Tech
ProxToMe***
Wineverse
2
1

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A total of 43 investiments, 27 first rounds, 10 follow-on rounds
and 6 individual investiments.
Our results
Total investments amout to more than € 11.7M (€23M including co-
investors).
Benchmarking trips: 8 (USA x2, Israel, China, UK, Sweden, Slovenia, India,
Germany)
Winner of the 2010 EBAN award for Best Investment in a Social Enterprise
(Biogenera)
Shortlisted for the 2010 EBAN award for Business Angel Group of the Year
Winner of the 2011 EBAN award for Best Angel of the Year (Francesco Marini
Clarelli)

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IAG members’ geographical distribution
117 Members
Principato di Monaco 1
Lombardy 58
North - West 8
Emila Romagna 10
North – Central 7
North-East 20
Como 1
Cremona 1
Bergamo 2
Milano 50
Varese 1
Monza 3
Roma 12
Firenze 1
Pisa 1
Prato1
Siena 1
Torino 4
Cuneo 1
Genova 3
Udine 7
Pordenone 4
Trieste 1
Belluno 1
Verona 5
Padova 2
Terni 1
Ancona 1
Perugia 1
Bologna 6
Modena 2
Piacenza 1
Parma 1
Outside Italy
Lazio 12
Sicily 1
Palermo 1

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14% Consultant
19% Finance
24% Entrepreneur
37% Manager
6% Other
IAG members’ background

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Portfolio

13. Italian Angels for Growth www.italianangels.net