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Angel Capital Management

Europe, Lombardia, Italy, Milan

Description

Angel Capital Management S.p.A. is a Milan-based financial holding company established in 2004, specializing in private equity and private debt investments. The firm primarily targets small and medium-sized Italian companies, aiming to support their growth and internationalization processes. With a strategic focus on the domestic market, Angel Capital Management seeks to identify promising businesses across various sectors that demonstrate high potential for development and require capital for expansion.

In its private equity operations, Angel Capital Management typically invests in Italian SMEs, taking either minority or majority stakes. The firm maintains a medium-long term investment horizon, generally ranging from three to seven years, allowing ample time for portfolio companies to execute their growth strategies. Preferred sectors for equity investments include manufacturing, services, food & beverage, and digital industries. Angel Capital Management is not merely a capital provider; it emphasizes active involvement in the management of its investee companies, offering strategic and financial guidance to facilitate their expansion.

The typical investment ticket for Angel Capital Management's private equity deals ranges from approximately $1.08 million to $5.4 million. This range allows them to cater to a diverse set of SMEs, providing crucial capital for initiatives such as market expansion, product development, or operational improvements. While their core focus is on direct equity investments, their broader financial holding structure also encompasses private debt solutions, further cementing their role as a comprehensive financial partner for Italian businesses. Their commitment to fostering the growth and international competitiveness of Italian SMEs underscores their strategic importance in the regional investment landscape.

Investor Profile

Angel Capital Management has backed more than 31 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 10% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Italy, United Kingdom.
  • Strong thematic focus on E-Commerce, Fashion, Food and Beverage.
  • Typical check size: $1.1M – $5.4M.

Stage Focus

  • Seed (26%)
  • Series A (23%)
  • Series C (16%)
  • Series B (13%)
  • Secondary Market (6%)
  • Series Unknown (6%)
  • Series E (3%)
  • Series D (3%)
  • Series F (3%)

Country Focus

  • United States (55%)
  • Italy (19%)
  • United Kingdom (10%)
  • Germany (6%)
  • France (3%)
  • Thailand (3%)

Industry Focus

  • E-commerce
  • Fashion
  • Food And Beverage
  • Retail
  • Marketplace
  • Wellness
  • Delivery
  • Mobile
  • Software
  • Subscription Service
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Angel Capital Management frequently co-invest with?

All Iron Ventures
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 2
H14
Europe, Lombardia, Italy, Milano
Co-Investments: 3
FJ Labs
North America, New York, United States, New York
Co-Investments: 2
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 5
U-Start
Europe, Lombardia, Italy, Milan
Co-Investments: 5
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Big Sur Ventures
Europe, Madrid, Spain, Madrid
Co-Investments: 2
Burda Principal Investments
Europe, Bayern, Germany, Munich
Co-Investments: 3
Emil Capital Partners
North America, Connecticut, United States, Greenwich
Co-Investments: 2
Rancilio Cube Sicaf
Europe, Lombardia, Italy, Milano
Co-Investments: 3

Which angels does Angel Capital Management often collaborate with?

RB
Europe, Bayern, Germany, Munich
Shared Deals: 2
SW
North America, California, United States, Los Angeles
Shared Deals: 2
BA
Europe, Ile-de-France, France, Paris
Shared Deals: 2
BJ
Europe, Braga, Portugal, Guimarães
Shared Deals: 1
JK
North America, Massachusetts, United States
Shared Deals: 2
CS
North America, Colorado, United States, Denver
Shared Deals: 2
David Heller
North America, New York, United States, New York
Shared Deals: 1
JR
Europe, Gloucestershire, United Kingdom, Cirencester
Shared Deals: 2
AR
Europe, Bayern, Germany, Munich
Shared Deals: 1
Shared Deals: 2

What are some of recent deals done by Angel Capital Management?

AGORA

London, England, United Kingdom

AGORA is a next gen shopping platform powered by short form video content

BeautyE-CommerceMarketplace
SeedDec 7, 2020
Amount Raised: $6,945,038
ZAGO Milano

Milano, Lombardia, Italy

Beauty & cosmetics brand

BeautyCosmeticsE-Commerce
SeedFeb 23, 2020
Amount Raised: $1,083,870
Crea

Bangkok, Krung Thep, Thailand

Connection Through Innovation - Reach Asia’s thriving millennial & Gen Z nomads through digital commerce

E-Commerce
SeedJun 5, 2019
ALOHA

Darien, Connecticut, United States

Aloha is a USDA organic, clean, plant-based, sustainable food & beverage B-corporation

FitnessFood and BeverageNutritionOrganic FoodSnack FoodWellness
Series BMay 1, 2019
The Female Company

Berlin, Berlin, Germany

Building Europe's leading femcare platform – from first period to menopause.

Consumer GoodsHealth CareHealth DiagnosticsWomen's
SeedApr 29, 2019
Rockets of Awesome

New York, New York, United States

Rockets of Awesome is a direct-to-consumer kids' apparel brand, designing and selling over-the-top clothes.

ApparelChildrenConsumerE-CommerceFashionPersonalizationRetailRetail Technology
Series CFeb 26, 2019
Amount Raised: $19,500,000
Rebag

New York, New York, United States

Rebag is an e-commerce platform and retail store that buys, sells, and trades second-hand luxury handbags.

E-CommerceFashionPeer to PeerRetail
Series CFeb 7, 2019
Amount Raised: $25,000,000
FabFitFun

Los Angeles, California, United States

FabFitFun offers subscription services that allow its members to discover brands and products.

E-CommerceFashionSubscription ServiceWellness
Series AJan 30, 2019
Amount Raised: $80,000,000
Dolls Kill

San Francisco, California, United States

Dollskill is a website showcasing various fashion designs of women's clothing.

E-CommerceFashionLifestyle
Series BDec 21, 2018
Amount Raised: $10,724,988
Naadam

New York, New York, United States

Naadam is an American clothing company specializing in affordable, luxury cashmere products.

E-CommerceFashionInternetRetailSustainability
Series AJul 17, 2018
Amount Raised: $16,000,000