Sella Venture Partners to launch €150m VC fund-of-funds

Alessia Argentieri
17 May 2019

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Sella Venture Partners, a newly established private equity house owned by Banca Sella Holding, will launch a venture capital fund-of-funds with a €100m target and a €150m hard-cap in the coming months.

The vehicle will make around 20 investments and will target European, US and Israeli VC funds that invest primarily in early-stage rounds. It will be sector-agnostic, though will towards ICT and healthcare tech vehicles.

Sella expects to receive commitments from a wide range of LPs, mainly Italian pension funds, insurance companies and banks, as well as some European family offices.

The new VC house will be led by CEO Grazia Borri alongside president Pietro Sella and chief investment officer Luca Mannucci.

Following the launch of its first fund-of-funds, the GP plans to expand its array of vehicles in future by raising a new VC fund that will make direct investments in early-stage technology companies.

Banca Sella Holding also operates via its VC division Sella Ventures, which has recently invested in e-commerce startup Brandon and fintech company Satispay.

In addition, Banca Sella Holding is also a shareholder in Primomiglio, a VC house that invests equity tickets of up to €3m in Italian startups via its €30m fund Barcamber Ventures.