Intesa SanPaolo raises €250 mil. for new VC fund
Neva Sgr has successfully completed the fundraising of € 250 million for its Neva First Fund and announces the launch of a new larger Fund for 2024, according to a press release.
Neva Sgr is a company of the Intesa Sanpaolo Group 100% controlled by Intesa Sanpaolo Innovation Center and, since August 2020, has invested in 26 companies for a total allocated of approximately € 150 million.
Among the major investments of the Neva First fund , those in: R3, Yolo, MatiPay, D-Orbit, iwoca, Diamanti, vFunction, blubrake, Jumple, TechStars, Rocket Internet Capital Partner I & II, Endeavor Catalyst III, Classiq, Seed- X, Cyberint, Coro, and finally, Tr1X .
Furthermore, Intesa Sanpaolo Innovation Center , in collaboration with Neva Sgr, will launch the SEI Fund – Development of Innovation Ecosystems – to support the growth of the Italian innovation ecosystem with an initial endowment of € 15 million, fully subscribed by Intesa Sanpaolo.
These announcements were made at the “Venture Capital: protagonists, growth and projects of Neva Sgr” event organized in Turin by Neva Sgr, which hosted over 500 attendees including venture capitalists, institutional investors, private clients, entrepreneurs and start-ups.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
