Intesa Sanpaolo S.p.A.

09/23/2024 | Press release | Distributed by Public on 09/23/2024 04:24

Venture Capital: Neva Sgr keeps growing and launches two new funds

Neva Sgr, the Intesa Sanpaolo Group's venture capital company, celebrates its fourth year of operations and launches the new Neva II and Neva II Italia funds: the aim is to invest in companies able to provide business solutions to global problems, with a capacity of €500 million, double that of the Neva First funds.

More specifically, the new funds target companies operating in sectors of priority importance for the future of the planet, such as:

  • life sciences (e.g. in the medical field for the treatment of oncological and autoimmune diseases)
  • energy transition
  • digital transformation
  • next-generation manufacturing and aerospace.

For the new funds, Neva Sgr has set the following new targets:

  • Neva II, which aims at achieving final funding of around €400 million, will invest in highly innovative start-ups worldwide
  • Neva II Italia, which plans to raise €100 million, will be dedicated to Italian companies.