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Innogest SGR raises a €80m VC fund29/06/2007. Source: AltAssets. 
 Led by managing partners Claudio Giuliano, formerly at the Carlyle Group, and Marco Pinciroli, formerly at BC Partners, Innogest Capital, an Italian seed and early stage fund, has raised €80m, with an original target of €60m.
The fund is focused in providing seed capital exclusively to Italian companies. It is by far the largest early stage capital provider in Italy.
The vehicle has already completed two deals. It invested €1.5m in the media start-up, TheBlogTV and led a €5m round in biomedical company, Silicon Biosystems.
'We were 33 per cent over-subscribed,' said Claudio Giuliano. "Thanks to a combination of strong proprietary deal flow, a favourable momentum in the Italian technology market, and a strong team with experience in making investments from several reputed funds such as Carlyle, BC Partners, 3i, Piemontech."
The fund has offices in Torino, Milano and Padova and will be investing in early stage companies mainly in the Northern part of Italy. Main investment sectors range from Information and Communications Technology, Energy, Biomedical, Advanced Mechanics and New Materials.
Members of the management team include Pietro Busnardo, previously at 3i, Marco Natoli, previously at Piemontech, and Igor Calcio. Main investors include Intesa-SanPaolo, Generali Group, European Investment Fund, Fondazione CRT, Fondazione CARIPARO.
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