Synergo Capital announces the first closing of its first venture capital fund Sinergia Venture Fund, with €30 million of assets under management subscribed by private investors, sponsors and fund managers.
Sinergia Venture Fund is focused on investments in innovative technological startups and scaleups, in pre-Series A and Series A stages. The Fund seeks potential target companies – already generating revenues – based on business models that are “scalable” through target geography and revenue stream expansion, ideally in the b2b or b2e arena.
Potential target companies are led by ambitious, visionary entrepreneurs eager to make their companies international leaders, and focused on innovating business, processes, products and/or services through the use of technology.
The technologies of the highest interest are: TCP/IP Application Layer, A.I., IoT, Robotics, Blockchain, VR/AR.
The macro-sectors of main interest are: food&agri-tech, digital media, e-commerce, fashion-tech, alternative mobility, smart retailing, med-tech.
The Fund was been conceived by Simone Cremonini and Giacomo Picchetto who, as partners of Synergo Capital and managers of the Fund, bring to the management company and to the target companies of the Fund a rich mix of competencies developed in over 40 years of combined experience in investment banking, hedge-fund management, executive management in media, technology, digital & telecommunications companies.
The Fund can count on a variety of leading early investors (sponsors & advisors), including entrepreneurs, managers and consultants from successful companies, such as Urbano Cairo (RCS MediaGroup, Cairo Communication), Marco Casiraghi (ENGECO), Giuseppe Falco (BCG), Pasquale Forte (Eldor Corporation), Stefano Simontacchi (Bonelli Erede with Lombardi), Salvatore Vicari (VVA, Bocconi University).
Sinergia Venture Fund wants to support its portfolio companies with both equity investments and operational and effective support for the growth of their business. Thanks to a proprietary methodology, fund managers can identify – together with the Founders of startups & scaleups – critical success factors for success and work together with Founders to best manage them. Moreover, the Fund benefits from the support of sponsors and advisor investors on new business opportunities development.
The Fund is structured as a closed-end and reserved AIF (alternative investment fund), with a 10-year term and a hard-cap of €150 million AuMs. Furthermore, in certain cases depending on the investor’s specific tax status, Italian investors may obtain, for their subscribed Fund units, certain tax benefits provided by current Italian legislation on tax reliefs and deductions for investments in startups and/or innovative SMEs.
During 2020, despite the Covid-19 pandemic, the Sinergia Venture Fund team reviewed ca. 100 potential investments which enabled the team to select a first potential investment target, within the timing of the first closing. The transaction may be completed in a short time frame.