looking forward - 01.03.2016

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  • Looking Forward

    01.03.2016

  • Disclaimer

    This presentation, its contents and any statement made in connection with it do not amount to - and cannot be construed as amounting to - any

    solicitation or other offer to sell or buy any security or financial instrument issued by LVenture Group, nor to a recommendation, suggestion,

    advocacy or other marketing or similar effort of any investment in any securities.

    Therefore, any investor contemplating purchasing securities or financial instruments issued by LVenture Group should make its own independent

    investigation and assessment with respect to the financial condition and affairs of the issuer, as well as its own appraisal of LVenture Groups

    creditworthiness, and it should carefully consider the risk involved in purchasing such securities or financial instruments.

    Any forward looking statement included in this presentation or provided in connection with it reflects managements current plans, views, estimates,

    projections and objectives. Actual results may differ materially from such expectations, as they relate to future events and circumstances which are

    beyond our control, including, amongst other things, internal, industry and external factors, such as general economic conditions. Any user of such

    information should not place undue reliance on such forward looking statements.

    This presentation, its contents and any statement made in connection with it have not been independently verified. No representation or warranty,

    either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the

    information provided. LVenture Group, its representatives, directors and employees are not (and cannot be held) liable, under any circumstance and

    for any reason, in relation to such information or any damage, loss or cost arising from its use or otherwise. LVenture Group is under no obligation to

    update or keep current the information contained in this presentation.

    This presentation, its content and any statement made in connection may not be reproduced or redistributed, in whole or in part, or otherwise

    disseminated, directly or indirectly, to any other person. All copyrights are reserved.

    By attending this presentation or otherwise accessing these materials, you agree to be bound by the foregoing limitations.

  • Other Revenues

    Who We Are

    TOP20Most Active

    Tech VCs

    The 2014 European Tech Report

    MostActive VCin Italy

    Source: bit.ly/TECH_EU2014

    LVenture Group is one of the few listed Venture Capital operators in the world

    Based in Rome with an integrated acceleration and investment approach

    More than 1.5k investment proposals analyzed yearly

    The Venture Capital Business

    Rome

    SEED

    Up to 250k investmentin startups exiting theacceleration program orother startups selectedfrom the market

    MICRO SEED

    Investment of 80k in every startup through LUISS ENLABS Acceleration program

    ACCELERATION

    Offering LUISS ENLABSservices to third parties

    CO-WORKING

    Events and desks or offices rented to startups

    SCHOOL

    Courses for corporates and privates via DoLab School

    OPEN INNOVATION

    Fees from Open Innovation Programs for corporates

  • The Team

    Senior team with a cumulated experience in the financial capital markets of over 100 years

    Combined skills and a positive entrepreneurial track record

    High reputation, strong and extensive networks

    Source: elaboration based on the organisational chart of the group

  • Current Business Model

    Startups from the market

    De

    al F

    low

    LUISS ENLABSMicro Seedup to 80K LVenture

    Seed

    up to 250k

    EXITS

    ele

    ctio

    n

    6+

    Startups

    LVenture Groups investment

    0

    months

    3 9

    years

    Universities

    Events

    Partners

    Online

    VCs

    Word of Mouth

    Third Parties Programs

    Startups

    Expected cash multiple of 5.45

    LVenture Group combines both financial and entrepreneurial expertise in the micro seed and seed segment thanks to its integrated model with a startup accelerator

  • Arbitrage Opportunity

    Investing in Italy with competitive valuations and rapidly scaling startups to international markets with higher valuations

    Micro Seed Series ASeed

    InvestmentPriority International

    VC FundsCo-investors:

    1.5m3m

    5m

    Italy Europe Silicon Valley

    Average Pre-money Valuation

    5m

    7m

    10m

    Italy Europe Silicon Valley

    Average Pre-money Valuation

    Acceleration Program standard deal:

    Premoney: ~ 800k

    Investment: 80k

    Equity: 9%

    Source: own data elaboration based on internet information

    http://www.italianangels.net/http://www.italianangels.net/

  • Competitive Advanteges

    Multiple deal sources and data-driven processes

    Entering at early stage with competitive valuations

    Small investments and diversified portfolio

    Full support with an entrepreneurial approach and a network of advisors

    High Return Rates: early-stage investment

  • The Ecosystem

    Thanks to its activities and results, LVenture Group hasmanaged to create a dynamicecosystem

    Interactions and synergies within the ecosystem are essential for the growth and development of startups

    LVenture Groups unique ecosystem relies on the strength of a network of exceptional stakeholders: Investors (business angels

    and VCs) Corporates Universities Advisors Partners & Sponsors Institutional bodies

    SPONSORS

    PARTNERS

    ADVISORS

    50+InternationalChampions

    SPONSOREDPROJECTS

    CORPORATES

    UNIVERSITIES

    INSTITUTIONALBODIES

    INVESTORSNETWORK

    30+ Startups

    http://www.italianangels.net/http://www.italianangels.net/

  • Estensive Corporate Network

    EmotionsIndustrialFinanceUtilityTechnology

    Our ecosystem is engaging an increasing number of corporates seeking to get involved in innovation

  • A Fast Growing System

    In 36 months: 27 startups accelerated by LUISS ENLABS

    23 startups raised over 9m (more than 60% from third party investors)

    ~ 650kin 9 months

    ~ 1.1min 6 months

    ~ 1.4min 3 months

    ~ 2.3min 2 days

    Acceleration Program 2013 Acceleration Program H1 2014 Acceleration Program H2 2014 Acceleration Program H1 2015

    Source: data elaboration based on internal data as of 31.12.2015

    Capital raised by startups after the Acceleration Program

  • Results

    33Portfolio startups

    5mInvested by LVenture Group

    28 monthsPortfolio maturity

    13.7mInvested by third parties

    Source: elaboration based on internal data as of 31.12.2015

  • Startup Investment Criteria

    LVenture Group is a seed investor in digital tech startups with global markets and with a replicable and scalable business model focused on B2B sectors

    SaaS

    Market: fast growth & international

    Marketplace IoT Lifestyle Gaming Big Data Fintech Cleantech

    Team: complete & heterogenous

  • 0

    500

    1000

    1500

    2000

    2500

    2013 2014 2015

    Amount Invested by year

    Total Amout Invested

    697(15)

    1,197(22)

    2,000+(31)

    Investment Activity

    Over the three years of activity the investment trend has shown an annual growth rate that exceeds 90% and the overall amount invested to date is of over 5 million

    Figures in k (# of deals)

    90%+CAGR

    Source: elaboration based on internal data

  • Startup Investments

    Micro-seed Investment: 80k in startups participating to the Acceleration Program and 30k for the most promising startups participating to third parties programs

    Follow-on Investment: average amount of 63k

    Seed Investment: average amount of 144k

    0

    0,5

    1

    1,5

    2

    2,5

    3

    3,5

    4

    2016 E 2017 E 2018 E 2019 E

    Total Amount by year

    Total Amount

    2.4(34)

    3.0(43)

    3.2(48)

    3.4(49)

    Figures in m (# of deals)

  • Portfolio

    33 startups in the portfolio 23 of which are from LUISS ENLABS Acceleration Program:Portfolio @ cost: ~ 5m and an average lifetime of 2.5 years

    Accelerated by LUISS ENLABS (chronological order)

  • Portfolio Revenues

    Startups founded in 2011and 2012 entering LVGsportfolio in 2013 havemore than doubled therevenues performance ratein two years (2013-2015)

    Startups which received aninvestment by LVG in 2013have so far registered arevenues performance rateof 7.49, while those includedin the Vintage 2014achieved the same resultwithin a year

    Total Revenues

    (# of startups)2013 A 2014 A 2015 F Performance

    Vintage 2011 (4) 1,242 1,615 2,665 2.15x

    Vintage 2012 (4) 85 110 229 2.69x

    Vintage 2013 (10) 321 1,295 2,405 7.49x

    Vintage 2014 (6) - 106 830 7.83x

    Vintage 2015 (9) - - 897 N.A.

    Source: data elaboration based on information provided by the portfolio companies

    The quality of LVenture Groups investments has progressively improved over the years, allowing the registration of increasingly positive performance rates

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