Geneva, Switzerland-based pan-European venture capital company Giano Capital launched EUR 50 million fund. The company announced the launch on July 17, 2023. The purpose of the fund is to explore later-stage investment opportunities in the best-in-class companies in the European tech and digital space.
Purpose of the fund by Giano Capital
Giana Capital intends to build a new category in VC investing in Europe. It has plans to bring a much-needed structured solution to existing shareholders seeking liquidity and investment opportunities to new investors who previously had no access to these privately held companies.
The fund has plans to invest in up to 15 companies, primarily within Europe. The ticket sizes range from EUR 2 million to EUR 25 million, including co-investments. In addition, Limited Partners will have access to co-investment, which in turn seeks to maximise returns.
In 2023 Giano Capital plans to make at least three more investments in fast-growing market-leading companies in the European tech- and digital space.
What the company’s officials have to add
Andreas Wiele, Founding Partner at Giano Capital, said, “The time-to-exit has almost doubled for start-ups between 2010 and 2023. The current macroeconomic environment with rising interest rates and falling tech valuations will further exacerbate the liquidity shortage for founders, business angels and early-stage funds. At the same time, the market is also very appealing for new investors to invest in these top companies at attractive valuations. With Giano Capital, we offer a great solution to become one of the leading matchmakers in this market.”
In addition, Alberto Chalon, Founding Partner at Giano Capital, said, “We are convinced that the secondary market will establish itself in the coming years as a new growth market between early-stage private companies and the public markets. Our ambition is to develop Giano Capital as a key player in this space. We thank the many influential family offices, outstanding entrepreneurs and tech pioneers that have joined our fund as Limited Partners. They share our vision that the late-stage secondary market is the best opportunity to seek high VC-like returns with limited PE-like risk.”
What the portfolio company’s official has to add
Maximilian Wühr, Co-Founder & CEO at Finn, further said, “We are very happy to welcome Giano Capital as our investors, as Alberto and Andreas bring a unique entrepreneurial experience that will help us in the future growth of our company way beyond the capital contribution.”
Giano Capital also announced its first investment in Finn. The latter is a category leader for car subscriptions in Germany and the USA, offering a true e-commerce experience for new cars.
About the company
Giani Capital is on a mission to bring liquidity to the secondary market. The company has headquarters in Geneva, Switzerland and intends to build the first European single-asset late-stage secondary fund. Alberto Chalon and Andreas Wiele launched the company in 2021.
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