Hello, tech enthusiasts! Today we celebrate the launch of a groundbreaking fund aimed at fostering innovation among Italian startup founders. Vento, a dynamic venture capital firm from Italy, is rolling out their second fund, aiming to raise a remarkable €75 million.

The essence of this fund is to support Italian entrepreneurs, whether they are based in Italy or abroad, helping to spark a flourishing tech ecosystem. This initiative follows a growing trend in European venture capital where investments are made in founders, irrespective of their geographical location, to encourage a return to their roots.

Vento emerges from the well-known Italian Tech Week event, which attracts leading figures in the tech industry. With a strong network spearheaded by influential individuals like John Elkann of Stellantis fame, Vento aims to connect investors with budding founders to unlock the untapped potential in Italy.

The fund has a keen eye on diverse sectors and aspires to make 375 investments over the next five years, expanding its portfolio beyond the 100 startups previously supported. The CEO, Diyala D’Aveni, emphasizes the need for success stories to inspire new entrepreneurs and to combat the perception that Italy is lagging in the tech arena.

Moreover, the fund recognizes the challenges posed by Italy’s regulatory landscape and aims to provide a robust support system that encompasses investment, mentoring, and networking opportunities through events like Italian Tech Week.

As Italy’s venture capital investment totals an impressive $5.72 billion over the last five years, this new fund solidifies a confident move towards building a thriving entrepreneurial ecosystem. Vento is poised to inspire a wave of innovation from the heart of Italy!