Tim Ventures, corporate venture capital arm of Telecom Italia, launched on AngelList.
The firm joined the syndicate of DFJ Esprit partner Gil Dibner, which aims to invest in European and Israeli tech startups.
At the beginning, Tim Ventures has committed €100k, which will be invested in a maximum of five startups in one year with syndicates including US-based venture capital firms. Last week, the investment arm of Telecom Italia joined Endeavor, the New York-based high-impact investment organization in the effort to diversify and globalize its portfolio.
Led by Salvo Mizzi, Tim Ventures makes €50k to €500k seed investments in Internet, digital, greentech and mobile startups. It has already backed 4 Italian startups including Pedius, Wiman, Eco4Cloud and OilProject.
FinSMEs
27/03/2015