About New Venture Development
New Venture Development SpA is a venture capital firm specializing in seed and startup and early stage financing. It focuses its investments in the information and communication technology and computer hardware sector. The firm prefers to invest in small and medium sized companies based in the Italian region of Piedmont. It prefers to invest between €0.1 million ($0.12 million) and €1.0 million ($1.20 million) in its portfolio companies. The firm seeks to act as a lead investor but will prefer affiliation at later stages of investment. It also provides consulting services. New Venture Development SpA was founded in 1996 and is based in Ivrea, Italy with an additional office in Ivrea, Italy.