U-Start, a global boutique advisory firm led by cofounder Stefano Guidotti and focused on direct and indirect venture capital investments, that provides fully fledged services to private investors (family offices and high-net-worth individuals) and professional investors, launched its venture capital vehicle U-Start Ventures (download here the press release), MF-Milano FInanza,writes today.
“The new fund will target young companies which have already a solid business but need support in order to develop a web based activity. The fundraising target is 30 million euros and the first closing is expected to be held in the fisrt quarter of 2015 at 10 million”, Marco Valta told the newspaper. Valta is a cofounder of U-Start Ventures together with Viktoriya Tigipko e Teodoro D’Ambrosio, all being experienced professionals in the venture capital investment sector with particular skills in the high tech digital sector on a global basis, emerging markets included (for example the team has the launch and subsequent listing in Zurich of Bravofly in his track record).
U-Start Ventures will be supported by U-Start experienced team based in Lugano, Milan, Sao Paolo, Kiev, Istanbul, Mexico City, Cape Town, Santiago and Kiev (download here the Company Profile of U-Start),
«U-Start Ventures will acquire minority stakes of maximun 5% in target companies together with other investors such as venture capital funds, family offices, busines angels, entrepreneurs members of the U-Start network of global contacts”, Valta added. The fund will follow the approach of TA Venture Holding, a 50 million dollars venture capital vehicle founded by Tigipko and D’Ambrosio, which invested in 70 different companies in Europe, US, India, Brasil, China and Africa in the last few years.