Andrea Di Camillo, founder and managing partner of P101 sgr, a venture capital firm focused on early-stage investments in the digital sector, said that the innovation market has grown much larger than anyone expected, a press release reported.
International investors were drawn to the internationalization of VC intensified: Both Italian-based and Italian-founded companies in 2021.
"Within Italy but also at a larger 'Italian matrix' level, the innovation market is starting to have a scale and a track record that were unimaginable 10 years ago, when we, as P101, were among the first VC funds in Italy," Di Camillo said in a press release. "What I think is striking is the increasingly cross-border dimension that the Italian innovation system is approaching."
Di Camillo said that the growth in the size of funds was a key factor.
"I believe that the previously limited size of available funds has been among the key elements of this situation, as Italian entrepreneurs have been able to create and develop companies that – thanks to accurate economics and healthy business models – are now being appreciated by international investors," Di Camillo said in a press release. "Besides, this system also results in attentive investors who can accompany and guide the growth of companies, as well as supporting them economically."