LVenture Group, holding company listed on the Italian Stock Exchange and one of the main early-stage Venture Capital operators in Europe, has signed a framework agreement of commercial collaboration with Chinastone Group, one of China’s leading professional organization in fields of management consulting and industrial services.
The agreement, which aims to boost the company’s internationalisation process and network, provides for the development of a series of synergic activities aimed at facilitating access to the Chinese Venture Capital market. In detail, the framework agreement intends to:
a) accelerate the international expansion of LVenture Group portfolio startups, thanks to the promotion of their digital products and services on the Chinese market, the second VC market in the world, with over 33 billion dollars invested in 2019. The agreement will also promote Chinese VC investments in LVenture Group portfolio’s startups;
b) develop reciprocal activities to strengthen the connections between the Chinese and European startup ecosystems. The Hub of LVenture Group – strategic pole for innovation in Italy and Europe – will play a key role as a reference point for Chinese startups wishing to operate on the Italian and European market;
c) launch a joint-venture to replicate LVenture Group acceleration-investment model in China.
According to the cooperation agreement signed, Chinastone Group reserves the right to increase its share in LVenture Group’s corporate capital. “Chinastone is the largest local consulting company in China, and LVG is one of the leading startups accelerators in Europe. Chinastone shares the same value with LVG on acceleration programs, that is, to provide more opportunities and better services to the accelerated companies in both China and Italy. The strength of Chinastone is complementary to that of LVG. When China’s domestic market and manufacturing capability can be combined with Italian brands, technology, and design, it will create values for both sides, which in turn makes acceleration more efficient”, said Wenfeng Zhang, CEO of Shenzhen Chinastone.
“The reason why we cooperate with LVG, evaluating a further investment in its corporate capital, is mainly because Italian most creative and promising entrepreneurs in digital economy come from LVG. Our cooperation will make the LVG teams connect with the market and capitals in China. This will allow Italian startups to gain more room for growth in the future. In the meanwhile, early-stage startups from China can get access to European capital and market through LVG. Our new projects will enable meaningful interactions between Italy and China and foster in-deep communication and cooperation of startups from both countries, which will increase the possibility of startup success”, said Xiaozhang Dai, Chairman of Chinastone Industry Service Europe.
“The strategic collaboration that we announce today represents an important step in the internationalisation process of LVenture Group and for the international expansion of the over 80 portfolio startups, with interesting prospects for scale-up on the Chinese market. A choice that upholds the attractiveness of LVenture Group’s business model that combines capital, skills and a network of investors and corporates within a physical platform – our Innovation Hub at Rome Termini Station – to concretely accelerate the growth of startups, and generate value”, said Luigi Capello, CEO of LVenture Group.
LVenture Group was assisted in the definition of the agreement by Prof. Mario Venezia of Studio Venezia – Dottori Commercialisti and by Avv. Paolo Luccarelli and Avv. Roberta Padula of Galante ed Associati Studio Legale. Chinastone Group was assisted in the definition of the agreement by Dr. Binhao Lin CPA in Rome and by legal Consultant Dr. Dixi Yang of Studio Legale Gioffrè.