Fondo Italiano di Investimento has pledged to boost start-up growth in Italy by investing in venture capital funds. The fund is set to make investments of up to €50m from its €1.2bn of assets under management to help young Italian companies grow.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn