GTV Italia S.r.l., a vehicle created specifically for equity crowdfunding that aims to invest the capital raised in the holding company Global Tech Ventures, has successfully closed its campaign on the CrowdFundMe portal with over $4.36 million (€3.7 million). Although the minimum investment amount was high, $11,800 (€10,000), the project managed to attract about 130 investors who, therefore, invested an average of $33,000 (€28,000) each.
That is the biggest success ever for CrowdFundMe and the third in the Italian equity crowdfunding market, after two other holdings, Fin-novia and Red-Fish.
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To date, GTV has invested more than $5 million, raised from private investors and Family Office
Global Tech Ventures (GTV) is an equity holding company that invests in the most promising technology and digital companies globally. Thanks to the strong partnerships built over the years with leading US and European Venture Capital Funds such as Target Global, G Squared, Accel, Sequoia, General Catalyst, the company has exclusive and privileged access to unique investment opportunities in the digital and tech landscape on an international scale.
GTV focuses its investments in established high-growth companies, oriented to become the next Unicorns, but starting from a lower valuation: the so-called Contenders (expected valuation $1 billion within 2 years) and Climbers (expected valuation $100 million within the next 5 years). The investment strategy is therefore based on the selection, within these two “clusters”, of companies with high tech and digital content with a goal of exit within a maximum of 5 years.
To date, GTV has invested more than $5 million, raised from private investors and Family Office, in 10 high-potential companies, which are part of the portfolio: Bird, Toast, Payfazz, Convoy, Coursera, 23andMe, Finom, Omaze, eTravel and Rapyd (some of these have exit or IPO prospects as early as 2021).
The company, founded by Alessandro Rivetti and Roberto Bossi, is therefore positioned as an investment holding that combines the logic of Private Equity, investing in companies with a significant valuation, but with the approach of Venture Capital, focusing on the international tech and digital sectors. This approach derives from the global presence of the target companies. In both cases, GTV focuses on a short investment horizon that allows for a faster exit with a target return of 2/2.5x the invested capital and is also characterized as an instrument of direct investment in individual companies and not in investment funds.
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First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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