Italy-based media company Espresso Group has formed fund with venture capital firm Innogest called REinventures that will invest in digital business startups
Equipped with €10m ($12.5) of funding, REinventures will provide funding, media visibility and expertise to help fuel their portfolio companies’ growth. It will invest at early and late stage.
Claudio Giuliano, managing partner of Innogest, said: “If a leading group like Espresso accepts the challenge with the strength of its expertise and size, and forms an alliance with the leading firm in the venture capital space, then we are going in the right direction, finally providing entrepreneurs with the resources they need to excel and compete in the global arena.”