Liftt, a venture capital firm that invests in deeptech projects, announced the renewal of its board of directors, confirming Stefano Buono as board chairman and directors Giuliana Mattiazzo, Gabriele Blei, Massimo Lapucci and Giancarlo Rocchetti.
ISI Bank chairman Francesco Profumo (former Minister of Education and chairman of Compagnia di San Paolo until January 2024) joins the board of directors as a director, and Alice Mariotti, appointed vice-chairman.
The renewal of the Board of Directors and the new appointments confirm Liftt’s ties with academia and strengthen the investment vehicle’s willingness to support the originators of innovative and deeptech technologies.
Liftt was established in 2018 by Francesco Profumo at the helm of Compagnia di San Paolo with the intention of creating an instrument, a venture capital, that would be able to exploit the intellectual property generated in universities and that would have the objective of creating a bridge between the world of capital and that of laboratories and research centres, bringing these innovations closer to the market and thus transferring technology to the territory.
Since its start of operations, Liftt has raised a total of EUR 104.6 million from 213 institutional and individual investors, investing EUR 67.2 million and having 51 start-ups in its portfolio.
In the first half of 2024, EUR 11.7 million was invested (+19% compared to EUR 9.8 million in the same period of 2023) in 14 transactions: 5 new acquisitions of participations in which EUR 3.7 million was invested (+32% compared to EUR 2.8 million invested in the same period of 2023) and 9 reinvestments.
Giovanni Tesoriere, CEO of Liftt, says in a note: “Investing in deeptech is not just about funding new technologies, but cultivating an ecosystem where academic research and industry can thrive together. Liftt has set itself this goal and the results achieved so far in 2024 testify to the excellent direction Liftt has taken and the validity of our not-for-profit and evergreen investor model. I would like to thank Carla Ferrari who is leaving the board having reached the maximum term of office but will continue to serve on our investment committee, thus ensuring Liftt can further benefit from her experience and strategic vision.” (photo: the Liftt team)
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