Milan, Lombardy, Italy ScaleIT Ventures is the famous VC, which was founded in 2018. The fund was located in Europe if to be more exact in Italy. The main office of represented VC is situated in the Milan.
The fund was created by Lorenzo Franchini, Michele Novelli.
Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Artemest, Buzzoole. For fund there is a match between the location of its establishment and the land of its numerous investments - Italy. The fund has no exact preference in some founders of portfolio startups. Among the most successful fund investment fields, there are Advertising, Jewelry.
The common things for fund are deals in the range of 5 - 10 millions dollars. The high activity for fund was in 2018. The fund is generally included in less than 2 deals every year.
The usual cause for the fund is to invest in rounds with 6-7 partakers. Despite the ScaleIT Ventures, startups are often financed by iStarter, Rancilio Cube, R-301 Capital. The meaningful sponsors for the fund in investment in the same round are Vertis Venture 2 Scaleup, The Cheng family, Tamburi Investment Partners. In the next rounds fund is usually obtained by Vertis SGR S.p.A., Tamburi Investment Partners, Digital Magics.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Buzzoole | $5M | 05 Dec 2018 | Naples, Italy, Campania | ||
Artemest | $5M | 29 Mar 2018 | Lombardy, Italy |
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Unlock all data Latest deals
| Company | Industry | Round Size | Date | Investors | Location |
Buzzoole | $5M | 05 Dec 2018 | Naples, Italy, Campania | ||
Artemest | $5M | 29 Mar 2018 | Lombardy, Italy |
