Growth Capital presents the Venture Capital Report – Italy Q3-23 in partnership with Italian Tech Alliance, hosted by LVenture Group as part of the “Venture Capital Motore dell’Innovazione” event.
Q3-23 Italy Highlights:
– €302 million raised across 65 investment rounds: the amount invested increased compared to Q2-23 (+14%) while the number of rounds remained stable
– 11 exits recorded: with this contribution, the number of M&As in Italy has already surpassed the total for FY-22 in 2023 (YTD)
Considerations on the Italian Ecosystem in 2023:
– Stability in core distribution: excluding outliers, the amount invested has remained consistent over the past four quarters, indicating a positive response to the challenging macroeconomic environment
– International investor participation: remained stable compared to 2022, showing that Italian VC continues to be an attractive asset class abroad
“Despite the global economic context, the third quarter of 2023 has seen the highest amount raised this year in Italian Venture Capital. As forecasted, 2023 is proving to be a year of consolidation, already surpassing the number of exits recorded throughout 2022. In particular, the number of Pre-seed rounds is growing, while the number of Seed and Series A rounds remains steady, creating a pipeline for future Late Stage rounds,” comments Fabio Mondini de Focatiis, Founding Partner, Growth Capital.
