What was little more than a hypothesis just a year ago, has been transformed in 12 months into an original investment model, with its own unique identity and a specific weight well defined by the numbers that in this period have accompanied our path.

We opened the year with the launch of our first capital increase open to third-party investors, with a value of nominal 18.2 million euros over a two-year time horizon, mainly aimed at private investors; this made it possible to reach the ‘year-end collection target (7.2 million), which was then completed, well in advance, in February 2021 for a total cumulative collection of approximately 20.9 million euro, including premiums.

The early cut of this milestone was also possible thanks to the entry of two primary institutional players active in the territory where LIFTT is based: Compagnia di San Paolo Foundation, former founding member of LIFTT together with the Polytechnic of Turin through the LINKS Foundation, and CRT Foundation. Their total investments in LIFTT in February 2021 amounted to 7 million euros.

These are inputs that allow us to further expand the skills of our shareholder network, thanks to the presence of two entities totally in line with our reference value systems, and which consolidate the diverse and passionate shareholder network that represents the basis of LIFTT’s mission.

More than a laboratory of ideas, we have given life to what I would rather define a factory, where projects become reality at the end of a process that involves an obsessive attention to details, which represents one of our distinctive features.

To date, 107 privates, business angels, investment holding companies and employees have responded positively to our appeal: among these, many “first-time” shareholders who have reconfirmed, with further injections of capital, their trust in a proposal aimed at creating value through innovation, which is itself innovative.

I want to take this opportunity to thank them, because it was not, and is not, neither simple nor obvious to trust our project. And a special thanks goes to Francesco Profumo who strongly wanted this project and convinced me to start this great adventure.

We are different from other Venture Capital organizations: we think and act differently, and this underlies a further opening of credit towards us. Our commitment is to repay this trust and always live up to their expectations.