Lumen Ventures has launched a €25 million fund after obtaining authorization from the Bank of Italy as the first Simple Investment Company (SiS) in Italy. The venture capital firm wants to invest in tech SMEs and startups with high growth potential.
The finance will be invested over four years into a number of sectors, including fintech, insurtech, healthtech, and foodtech.
Lumen Ventures are looking for early stage startups to meet an ”criteria of excellence”, regarding business model and growth potential.
According to data from leading observers, the Venture Capital market has grown steadily over the past five years, providing an alternative investment opportunity.
In the second quarter of 2019, Venture Capital reached its peak investment peak of EUR 9.3 billion.
In Italy, 2019 was a record year for both the number of transactions carried out, 148 compared to 102 the previous year, and for the invested capital, 597 million euros compared to 521 in 2018.