Presenting the Q2-24 Venture Capital report, developed in partnership with Italian Tech Alliance, hosted by COPERNICO Isola S32, and organized with Sella and Fintech District.
Key points on Q2-24
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€228 million raised in 69 rounds in the first quarter of 2024
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10 Series A rounds, 2 Series B rounds, and 8 exits
Insights on the first half of 2024
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€671 million raised in 177 rounds in the first half of 2024, with 37% of capital raised coming from two mega rounds
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H1-24 is in line with H2-23 in terms of the number of rounds and amount invested, though with uneven quarterly distribution in 2024
"In a delicate market context characterized by high interest taxes, inflation, and difficulty in achieving successful exits, we are seeing greater difficulty in closing capital raises as well as deals with increasingly complex structures. The sentiment among industry players remains stable with respect to six months ago, and the market recovery expected in the coming quarters will depend on a variety of factors. Among these, the role of CDP will be crucial: the €3.5 billion in investments expected over the next 4 years and the ratification of the new industrial plan will give a new pulse to the Italian ecosystem, creating a positive domino effect on direct and indirect investments," comments Fabio Mondini de Focatiis, Founding Partner of Growth Capital.
