Small Cap Conference

Milan, November 21st 2013 Borsa Italiana - Palazzo Mezzanotte

The Venture Capital

Partecipation Holding listed on Borsa Italiana

Operates on an international level in the Venture Capital field

Makes investments in «fast growing companies» operating in the digital world

Accelerator

Increase Success

rate

The first integrated ecosystem of Accelerator and VC

Who we are

Accelerator LVenture Group directly controls LUISS ENLABS which is:

•  Startup accelerator founded in 2010, called LUISS ENLABS after the

joint venture of 2012 with LUISS University

•  First Italian example in which entrepreneurial system, university and

Venture Capital are linked together

•  Represents LVenture Group micro seed investments funnel

Seed Venture Capital

•  LVenture is one of the most important Italian VC in seed stage

•  Focus on most promising early stage companies from the market

•  Makes follow up investments in startups from the Acceleration Program

•  Wide and strong knowledge of italian tech startup scene

•  Close relationship with Italian innovation centers, universities, professionals and operators of the digital world

•  Consistent track record of co-investments with main Italian investors and funds

Investors

Corporation Universities

Startups Advisors

Partners

Public Administration

Ecosystem International

VCs

Accelerator = Incubator 2.0 •  Bulding product and getting to market require

less capital

•  Online platforms allow to acquire more customers

Faster results with less financial need •  Building product -> cheaper, faster, better

•  Acquiring customers -> easier, quicker, more measurable

Big opportunity: digital startup

€ 29

€ 32

2009 2010

1,9% GDP

2,0% GDP +10%

Italian Internet Economy Value In billions

Source: Boston Consulting Group

•  Market: E-Commerce Italy 2012: € 9,5 Mld (+19%) •  Online advertising market Italy: 2012: €1,4 Mld +14% •  Italian internet users 2012: 38,4 Mln

Funding the gap

OPPORTUNITY • Low evaluation • Limited capital availability

Investments

•  Modern and furnished work space

•  Business modelling

•  Entrepreneurship courses

•  Advisory services

•  Business networking

•  Investor relationship

•  “Hands on” approach

•  Business developing

•  Fundraising network & support

•  Follow on investments

•  Exit strategies

Micro-seed: 60k Seed: <200k

Targets

•  Disruptive technology

•  Complete and heterogeneous team

•  International and growing market

•  Strong competitive advantages

•  Scalable business

•  ICT

•  M/e-commerce

•  Online media

•  Gaming

•  Web&mobile apps

Sectors Key criteria

7 Startup

What we do

12 Startup

3 Startup

Deal Flow

LUISS ENLABS Accelerator Micro Seed

€60K LVenture

Seed €200k

6 Startup EXIT

•  Total investment in startups: € 1,8 Mln

•  18 partecipations

•  Expected IRR: 30%

Every 12 months From the 48° month

Sele

ctio

n Universities

Events

Partners

Online

Other VCs

Competitive advantages

Business Angels:

•  Limited capital

•  Limited support

•  Few deal sources

•  Small Portfolio

VC:

•  Not willing to make small investments

•  Less entrepreneurial approach

Seed Money Entrepreneurial approach

Operational support

Network size

Process efficiency

Later round financing

Professional approach

Investments terms simplicity

VC

Angels

Limits of Angels & VCs

Competitive advantages

•  Ability to negotiate attractive

valuations

•  Enables follow-on rounds

•  Full support

•  Multiple deal sources

•  Professional processes

•  Entrepreneurial approach

•  Diversified portfolio

•  Ability to invest small amounts

LVenture: the best of both

Seed Money Entrepreneurial approach

Operational support

Network size Later round financing

Professional approach

Investments terms simplicity

Process efficiency

Investors advantages

Adding value by intensive Acceleration Program

Reliable sources with high due diligence

Smaller and multiple investments portfolio

Higher Risk diversification

Exit multiple up to 5.3x

Source: Angel Capital Education Foundation (ACEF)

Exit multiple up to 2.8x

•  Experienced team with combined skills •  High reputation and strong networks •  Positive track record from sucessful experiences •  +50 professional advisors

Who we are

Where we are

2000 sqm in Termini Station: a strategic place

What we have done

•  80% of our startup funded •  4 mln € invested with other investors •  More than 150 jobs created

Portfolio

Key success factors

Deal Flow

Selection

Add Value

Success

Consolidated evaluation models combining professional and entrepreneurial criteria

Sourcing innovative tech startups from numerous and reliable funnels

Active approach: intensive acceleration program, mentorship, advisory, business networking & developing

Focus on most promising deals with active role in achieving highest capital gain

NEXT STEPS

School for developers

More startups (Boston Mass Challenge +120)

Looking for 10.000 sqm Tech City in Termini

Complete our fundraising

Attract SMEs & Corporations

Government procurement

Attract International VCs

Attract Stakeholders

Luigi Capello

CEO

luigi.capello@lventuregroup.com

@gigicapello

+39 335 80 99 163