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08 05 18 LVenture Group A Scaling Tech Hub
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LVenture GroupA Scaling Tech Hub
Corporate Structure
Listed on MTA
Management Team
Acceleration Program
500
Applications per year
2-3%
Acceptance rate
5 months
Duration of each batch
€80K / 9%
Standard deal cash / equity
Revenues > 0
Minimum target required
80%
Success rate @ Seed
VC Investments
€80K €50-150K €50-150K<€10K
ü ü ü ü
LVG investment
up to €0.4M-
ROUND
VALUATION
1st SeedMicro-Seed Series A+2nd SeedPocket Money
€80K
<€1M €1.5-2M €2-6M >€6M
-
-
€300-700K €700K-1.5M >€1.5M
Strategy
Open Innovation
SPONSORSHIP INCUBATION EDUCATION
Network improvement Dealflow origination Digital transfer
Around LVG: a Connected Ecosystem
55+
Startups in portfolio
€15M
Last portfolio value (LVG)(*)
€130M
Portfolio Value (100%)
Results
Data as of 31.12.2017
(*) IAP figures, €13M under IFRS
€41M
Invested in LVG startups
€10M
Invested by LVG
1,100+
Jobs created
Market Issue: Limited VC Investments in 2017
Source: Annual European Venture Capital Report 2017,
Dealroom
€7.1B
€2.8B€2.5B
€0.9B
€0.1B
Opportunity: Higher International Valuations
@ Seed @ Series A
€1.5M
€5M >€5M €6M
>€10M>€15M
Reference: pre-money valuations for digital startups
Source: Venture Pulse, Dealroom, LVenture Group
@ Series B+
€15M
€30M
€40M
VC and J-Curve (Accelerated Growth)
2013 20212018
VC in Italy now ready for take-off: renewed interest from public & private investors
Growing Portfolio of Digital Leaders
Portfolio Highlights
Main Deals 2017/1Q18
1st Portfolio Exit 2016/17
2.7x
2nd Seed
€1.5M
Seed
€500K
2nd Seed
€1.0M
2nd Seed
€1.2M2nd Seed
€1.4M
Funding Pipeline
20192018
Strong revaluations expected in the next 24 months driven by large investment rounds
Strategic Recap
@ Acceleration Program
INTERNATIONAL
CO-INVESTOR
@ Tech hub
PARTNERSHIP
LVG: an Exciting Vision for 2018
@ VC Investments
ANCHOR
INVESTOR
€M 2016A 2017A 2018E 2019E 2020E 2021E
Investments 2.3 2.6 3.0 3.2 3.3 3.5
Revenues 1.7 2.4 3.5 4.3 4.9 5.5
EBITDA (1.0) (0.9) (0.5) (0.1) 0.1 0.3
Write-offs (0.7) (0.4) (0.6) (0.7) (0.8) (1.0)
Exits Gains 0.1 - 0.4 1.6 5.1 8.6
Net Income (1.9) (1.6) (0.9) 0.5 4.0 7.6
BP 2018-2021
LVG: European Excellence
#1 in ITALY #2 in EUROPE
Equity Value
€18mn(*)
LV.EN. Holding 36.2%
LUISS 3.5%
Sara Assicurazioni 2.5%
Kairos 1.5%
Zenit SGR 1.5%
STRONG MANAGEMENT TEAM
DIVERSIFIED VC PORTFOLIO
HIGH EXPECTED RETURNS
LIQUID ASSET
1
4
2
3
(*) Including €1.4M shares not listed
Free Float 54.8%
LVG: a Scaling Tech Hub
Via Marsala 29H Rome
lventuregroup.com
Via Marsala 29h Rome
Phone +39 06 4547 3124
lventuregroup.com
