2024年意大利风险投资状况

1Italian tech coming of age2The starting line is now3Italy's role in Europe More qualitystartupsSkilled talent& AngelsEarly VC with globalquality standardsHigh profile exitsMore capital andbigger, moreambitious companiesGetting on the globalradarBigger outcomesThe message in 2021 was: Italy needs the flywheel to start spinning.Source:Dealroom.co. Source:Dealroom.co.#10 in Europe by VC investment(2023-2024 YTD) #8 in Europe by VC rounds(2023-2024 YTD) Source:Dealroom.co 2024 calculated basedon projection of data as of July 2024.VC investmentin 2024 is ontrack to be thesecond highestyear to date. Italy is one of thefastest growingecosystems inEurope, growing11x in the lastten years.Source:Dealroom.co. 2024E calculated basedon data as of July 2024. Includesecosystem for which 2024E is >$1B. Source:Dealroom.coThe combinedenterprise valueof Italianstartups hasreached$60B in 2024. Source:Dealroom.coItalian startupshave createdover 300k jobs,drivingconsistent jobgrowth for theItalian economy. AcceleratorsItalian Investor landscape has bloomed.Late Stage &GrowthSeries C+Growth &Early StageSeries A & BEarly StagePre-Seed & SeedItalian VC FundsItalian Corporates & CVCSource:Dealroom.co 1Italian tech coming of age2The starting line is now3Italy's role in Europe Source:Dealroom.coInsurtechAIDigital careAIDataCybersecurityEdtechLow CodeUrban techCybersecurityGenerative AIFashionDataCloud servicesEdtechCybersecurityHealthAIItalian successes spawn dozens of alumni founders, creating morefrontier tech in Italy and abroad.Digital transformation Source:Dealroom.coIn the last fiveyears, topsegments haveincluded Nuclear,Payments, SpaceTech and Surgicalrobots. Source:Dealroom.coTop segments in2024 are relatedto deep tech. A shift to SaaS andManufacturing, awayfrom eCommerce.Turin is Italyʼs mainhub for Manufacturingstartups.Source:Dealroom.co Italy VC investment by business model▊SaaS▊Manufacturing▊Marketplace & e-commerce Italian university spinouts are now worth over $2B, growing morethan 3x in the last five years.Combined enterprise value of Italian spinoutsSelected Italian spinouts$2B$581M3.4x20192024Source:Dealroom.co European countries by spinout value created: composite index▊VC-backed startups (2 points each)▊Series A+ startups (10 pts)▊Future unicorns (30 pts)▊Unicorns (100 pts) Source:Dealroom.coItaly is still farbehind when itcomes tocreating valuefrom universityspinouts.University value creation is ranked by multiplying the numberof startups at every stage of maturity for a score 2 for aVC-backed startup to 100 for a unicorn. Spinouts policies varyfrom country to country. Countries like France and Sweden arehard to compare due to the professor privilege model, whereuniversities have no stake in any research innovation comingout of the activities carried out there. The definition ofspinouts and their comparison with other countries like UK,Germany and Switzerland is therefore challenging. Someuniversities such as KTH collaborated in sharing detailed datafor a fair comparison. The ranking might evolve with betterinvolvement of more universities Italy now ranks8th in EuropeanDeep Tech VC inthe last years.Given Italy is Europe's4th largest economy,getting closer to whereit needs to be.Source:Dealroom.co Source:Dealroom.coNew startupsVC-backed companiesThere are 1.6K VC-backed startups in Italy.About1KItalian startupslaunched each year1.5KEarly ($100K–15M totalfunding)98Breakout($15–100Mtotal funding)14Scaleups($100M+ totalfunding)2%1.3%Source:Dealroom.co150First-timefoundedstartups peryear 18% of Italianstartupsadvance toseries A funding.European averageis at 24%.Source:Dealroom.co 1Italian tech coming of age2The starting line is now3Italy's role in Europe EMEA4,0002%0.1%Americas4,5005%0.2%Asia3,5003%0.1%Thinking in Power Law terms: $29 trillion of new enterprise valuefrom VC-backed companies in the last 35 years …New VC-backedcompanies per yearUnicorns and/or$100M revenueDecacorns$100B+companies$1T+companiesSource:Dealroom.co, conversion based on standardized seed rounds between 2015 and 2020 https://www.politico.eu/article/mario-draghi-report-says-eu-must-spend-twice-as-much-after-wwii/ Europeʼs share ofglobal early-stageVC is at a record22% in 2024.(<$40M rounds)Double the levelof 2011.Source:Dealroom.co More entrepreneurial talentthan ever in Europe and Israel.Source:Accel & dealroom.co Entire industries shifting online,to cloud, and to mobile.Big home market was hugeadvantage (Amazon, Facebook).In this second era, Europeanplayers could go up against UScounterpartsInternet eraSelling hardware andsoftware to largeenterprises and homesPC eraAI deeply embedded in physical worldincluding biotech, healthcare, defense,manufacturing, et ceteraNext 20 yearsEntering a new era in tech, more driven by Physical Tech. Italy is Europe'sfourth economyand a worldleader inmanufacturing. €12K€8.0K€7.8K€5.5K€5.3K€3.1K€3.0K€1.7K€0.2KManufactured exports per capita10 biggest manufacturing countries - UN and W