Italian Angels for Growth

IAG sources primarily through its 250-plus member network, who bring proprietary referrals from their industries and professional networks across Italy's entrepreneurial ecosystem. The group also screens applications through its website and regional chapters in Milan, Turin, and Rome. Cross-border deal-sharing occurs via IAG's membership in EBAN, the European Business Angels Network.

Members invest their personal capital individually — IAG is not a blind-pool venture fund. Each angel decides per-deal whether to participate, with the network providing screening, due diligence support, and legal infrastructure. A separate vehicle, IAG Capital, pools member commitments for follow-on rounds in existing portfolio companies.

IAG focuses on seed and early Series A rounds, occasionally participating in bridge financings. The network does not pursue late-stage growth equity or buyout transactions. Tickets generally range into the hundreds of thousands of euros, positioned to complement, not replace, lead institutional VCs in a syndicate.

While the majority of portfolio companies are Italian, IAG has increasingly evaluated pan-European opportunities, particularly in sectors where Italian entrepreneurs have cross-border traction — digital health and fintech, for example. The network's EBAN affiliation facilitates co-investment with other European angel groups.

Individual members make their own final investment decisions on a deal-by-deal basis. IAG's screening committees and sector working groups perform due diligence and present vetted opportunities, but there is no centralized GP with sole discretion. This decentralized governance is the hallmark of the angel-network model.