Techshop I Fund exceeds target with €53 million in subscriptions

Techshop SGR has announced the successful closure of the Techshop I Fund placement, welcoming new investors alongside approximately 40 existing subscribers. This brings the total subscriptions received to around €53 million, exceeding the initial target of €50 million.

Techshop I Fund exceeds target with €53 million in subscriptions

Founded in 2021 by experienced digital sector managers and entrepreneurs Aurelio Mezzotero and Gianluca D’Agostino, Techshop SGR also welcomes CDP Venture Capital as a new subscriber (limited partner - LP) through its Digital Transition Fund. This fund uses resources allocated by the EU via the NextGeneration EU initiative to support the digital transition of supply chains and small and medium-sized enterprises. Techshop I's LPs include FoF VenturItaly, CDP Venture Capital's Fondo Italia Venture II, and several prominent banking foundations, alongside a group of private investors. These investors, often entrepreneurs, consultants, and business leaders from telecommunications, finance, and industry, also contribute to screening and portfolio development. Techshop I is a pre-seed and seed fund dedicated to Italian B2B software startups, with a particular focus on SaaS (Software as a Service). It distinguishes itself as an active investor, providing operational support and focusing on technologies that improve business processes, such as AI in customer care, stock market investments, payment infrastructures, and e-commerce. The fund also targets solutions that radically innovate sectors lagging in digitalization, like banking, mobility services, and hospitality. The fund not only offers financial resources to help develop a shared growth plan with startup founders but also provides managerial expertise and networks, which often enhance the likelihood of success for the companies it invests in.

Company's background

Investment activities began in the spring of 2022, targeting high-growth potential B2B tech startups with global ambitions, particularly those in Southern Italy and Italian founders based abroad. Investment tickets typically range from €100,000 to €500,000 for pre-seed stage startups and between €500,000 and €1.5 million for seed-stage companies. Currently, Techshop I’s portfolio includes eleven investments, with plans to expand to more than twenty. Some of the portfolio companies include Hlpy, Tiledesk, Smartpricing, Qodeup, Sbp, Qomodo, AxyonAI, Shop Circle, Tot, and Syllotips, with an eleventh investment soon to be announced. Some of these companies have already gained traction in their respective sectors, completing multiple funding rounds in just two and a half years, demonstrating operational growth and investor interest. Notable emerging companies include Smartpricing, Shop Circle, and Hlpy, which Techshop has supported in their development and internationalization, alongside renowned venture capital firms such as Partech, QED, NFX, Montage Ventures, 3VC, and Green Sands.