Giano Capital launches European single asset late stage secondary fund

The new later stage fund with a capital of 50 million euros invests in European tech and digital companies in the growth phase, with investments of between 2 and 25 million euros to be made in scale-ups.

Geneva - Geneva-based VC investor Giano Capital has launched the first European single asset later stage fund for the secondaries market. With a fund of 50 million euros, Giano Capital plans to invest in up to 15 tech and digital companies in the late growth phase with a focus on Europe.

The Giano Capital team has created a solution for more liquidity in the secondaries market, which represents a new category in venture capital. In private equity and venture capital, "secondaries" are transactions in which shares in existing assets are sold from one investor to another. With its new fund, Giano Capital invests between 2 and 25 million euros per company, including co-investments in which the fund investors can participate. This investment approach enables existing investors to obtain the liquidity they need, while at the same time giving new investors access to the assets.

We are delighted that we have been able to attract numerous influential family offices, outstanding entrepreneurs and tech pioneers as Limited Partners. They all share our conviction that the market for secondaries will establish itself as a new growth market in the coming years.

Alberto Chalon, Founding Partner Giano Capital

Giano Capital is backed by a team led by Andreas Wiele and Alberto Chalon. Andreas Wiele was previously a member of the Executive Board of Axel Springer and is currently Chairman of the Supervisory Board of ProSiebenSat.1. Alberto Chalon is the founder of a 300 million euro company, a tech investor and a partner in the Business Angel Program of the European Investment Fund.

Giano Capital invests exclusively in technology companies that are already established as market leaders. In addition to an outstanding management team, these companies should have a turnover of at least 30 million euros and an annual growth rate of at least 30%. In addition, they should have a clear path to profitability and positive cash flow, enjoy the support of renowned investors and have the financial scope for a successful exit in 2 to 4 years. Through these strict criteria, Giano Capital manages to limit the fund term to 5 years - half the term of "classic" VC funds - while achieving a targeted IRR of more than 25%.

We are very pleased to welcome Giano Capital as a new investor. Alberto and Andreas bring a unique entrepreneurial experience.

Maximilian Wühr, Co-Founder & CEO Finn

The first investment of Giano Capital's new fund is Finn.com. The start-up was founded in Munich in 2019 and has quickly become the market leader for car subscriptions in Germany and the USA. Finn focuses on the megatrends of "use instead of ownership" and e-mobility and offers flexible subscriptions for new cars that are delivered free of charge within a few days. In this way, Finn utilizes the proven advantages of online shopping for the automotive market. In 2023, Giano Capital plans to make at least three further investments in fast-growing, market-leading companies in the European technology and digital sector.