Italian family offices join forces to invest in VC

Rancilio Cube, the Rancilio family office, created Cube3 in a bid to help Italian investors gain exposure to international investment strategies, while generating economies of scale and reducing costs.

The new organisation has $30m in assets under management, with 60% of the assets coming from the Rancilio family office, according to Luca Rancilio, chair and CEO of Cube3.

The remaining 40% comes from Ares (the Cassina-Pezzoli family), Luigi and Tiziano Doppietti, Nico Ventures (Marco Nicosia), Rancilio Farm (Roberto Rancilio), R301 (Alessandro Rivetti), Finn Holding (Claudio Tavazzani), MLTS (Emilio Tommasi), Vis Capital (Giovanni Tremonti) and CubOne.

Rancilio Cube has transferred its international venture capital investment assets collected over the last six years into Cube3. The rest of the investors have made commitments to Cube3 starting from $1m.

Rancilio says that Cube3 is looking to invest in both co-investments (70%) and funds (30%). He adds that the average ticket when investing in a fund ranges between $500,000 and $1m.

Its portfolio includes direct investments in Deliveroo, SumUp, Tier, Lyst, Fraugster, Bnext, Prodigy Finance and Travelperk. The entire portfolio includes 77 investments, geographically broken down into Italy (18%), the rest of Europe (33%), and the US and Israel (49%).

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• Topics
• LPs
• Southern Europe
• Italy
• Family Offices