2. The Venture Capital
Partecipation Holding listed on Borsa Italiana
Operates on an international level in the Venture Capital field
Makes investments in «fast growing companies» operating in the
digital world
4. Accelerator
LVenture Group directly controls LUISS ENLABS which is:
• Startup accelerator founded in 2010, called LUISS ENLABS after the
joint venture of 2012 with LUISS University
• First Italian example in which entrepreneurial system, university and
Venture Capital are linked together
• Represents LVenture Group micro seed investments funnel
5. Seed Venture Capital
• LVenture is one of the most important Italian VC in seed stage
• Focus on most promising early stage companies from the market
• Makes follow up investments in startups from the Acceleration Program
• Wide and strong knowledge of italian tech startup scene
• Close relationship with Italian innovation centers, universities, professionals
and operators of the digital world
• Consistent track record of co-investments with main Italian investors and
funds
7. Big opportunity: digital startup
Accelerator = Incubator 2.0
• Bulding product and getting to market require
less capital
• Online platforms allow to acquire more
customers
Faster results with less financial need
• Building product -> cheaper, faster, better
• Acquiring customers -> easier, quicker, more
measurable
Italian Internet Economy Value
In billions
+10%
2,0%
GDP
1,9%
GDP
€ 32
€ 29
• Market: E-Commerce Italy 2012: € 9,5 Mld (+19%)
• Online advertising market Italy: 2012: €1,4 Mld +14%
• Italian internet users 2012: 38,4 Mln
2009
2010
Source: Boston Consulting Group
9. Investments
Micro-seed: 60k
Seed: <200k
• Modern and furnished work
space
• “Hands on” approach
• Business modelling
• Business developing
• Entrepreneurship courses
• Fundraising network &
support
• Advisory services
• Business networking
• Investor relationship
• Follow on investments
• Exit strategies
10. Targets
Sectors
Key criteria
• Disruptive technology
• ICT
• M/e-commerce
• Online media
• Gaming
• Complete and heterogeneous team
• International and growing market
• Strong competitive advantages
• Web&mobile apps
• Scalable business
11. What we do
Universities
Events
Partners
Online
Selection
Deal Flow
LUISS ENLABS
Accelerator
12 Startup
Micro Seed
€60K
3 Startup
7 Startup
LVenture
Seed
€200k
6 Startup
EXIT
Other VCs
Every 12 months
• Total investment in startups: € 1,8 Mln
• 18 partecipations
• Expected IRR: 30%
From the 48°
month
12. Competitive advantages
Limits of Angels & VCs
Seed Money
Business Angels:
Investments terms
simplicity
• Limited capital
• Limited support
• Few deal sources
• Small Portfolio
Professional
approach
Later round
financing
VC:
• Not willing to make small investments
• Less entrepreneurial approach
Angels
Entrepreneurial
approach
Operational
support
VC
Network size
Process efficiency
13. Competitive advantages
LVenture: the best of both
• Ability to negotiate attractive
valuations
Seed Money
Investments terms
simplicity
Entrepreneurial
approach
Operational
support
• Enables follow-on rounds
• Full support
• Multiple deal sources
• Professional processes
• Entrepreneurial approach
• Diversified portfolio
• Ability to invest small amounts
Professional
approach
Later round
financing
Network size
Process efficiency
14. Investors advantages
Reliable sources with high due
diligence
Exit multiple
up to 5.3x
Adding value by intensive Acceleration
Program
Exit multiple
up to 2.8x
Smaller and multiple investments
portfolio
Higher Risk diversification
Source: Angel Capital Education Foundation (ACEF)
15. Who we are
•
•
•
•
Experienced team with combined skills
High reputation and strong networks
Positive track record from sucessful experiences
+50 professional advisors
19. Key success factors
Deal Flow
Selection
Sourcing innovative tech startups from numerous and
reliable funnels
Consolidated evaluation models combining
professional and entrepreneurial criteria
Add Value
Active approach: intensive acceleration program,
mentorship, advisory, business networking &
developing
Success
Focus on most promising deals with active role in
achieving highest capital gain
20. Complete our
fundraising
More startups
NEXT
STEPS
Attract SMEs &
Corporations
Attract
International
VCs
(Boston Mass Challenge +120)
Attract
Stakeholders
Looking for
10.000 sqm
Tech City in Termini
Government
procurement
School for
developers