Key Takeaways
- • CDP Venture Capital's Fondo di Fondi Internazionale invested an undisclosed amount in Jolt Capital V, the fifth flagship fund of French growth equity manager Jolt Capital, which reached a first closing of 600 million euros and has a hard cap of 1.1 billion euros.
- • The European Investment Fund committed 260 million euros as lead subscriber to the first closing, with support from the European Tech Champions Initiative.
- • Jolt Capital V targets growing B2B deeptech companies in Europe, with plans to finance around twenty portfolio companies in semiconductors, medical devices, advanced materials, applied AI, energy management and technical software.
- • The commitment is intended to channel international growth capital to innovative Italian companies, and Jolt Capital recently opened an office in Milan.
- • CDP's International Fund of Funds, launched in 2023 with 305 million euros of resources and nine funds in its portfolio, targets international managers that maintain a local presence in Italy.
Summary
CDP Venture Capital's Fondo di Fondi Internazionale has invested an undisclosed amount in Jolt Capital V, a vehicle of French firm Jolt Capital, according to a statement from CDP and Jolt Capital. The fund has reached a first closing of 600 million euros and carries a hard cap of 1.1 billion euros. CDP Venture Capital retained Greenberg Traurig as legal counsel on the transaction.
Jolt Capital V invests in European B2B deeptech companies at the growth stage, developing software and hardware technologies. Key sectors include semiconductors, medical devices, advanced materials, applied artificial intelligence, energy management and technical software. The fund is compliant with Article 9 of the EU SFDR regulation. The European Investment Fund committed 260 million euros to the vehicle in 2025 as the lead subscriber to the first closing, with support from the European Tech Champions Initiative, a programme for financing technology scale-ups. The manager plans to finance the growth of around twenty European deeptech companies.
CDP said the investment aims to strengthen Italian innovative companies' access to international capital for advanced technologies and support their expansion into foreign markets. Giacomo Valentini, head of CDP Venture Capital Fondo di Fondi Internazionale, said the investment aligns with the strategy of partnering with leading international fund managers that add value to the Italian innovation ecosystem. Jean Schmitt, chairman and managing partner of Jolt Capital, said the firm remains committed to identifying and supporting deeptech champions with Italian roots, and noted Jolt Capital opened an office in Milan. Jolt Capital has been active since 2012 and uses its proprietary Jolt.Ninja AI platform, whose database includes around five million companies.
Fondo di Fondi Internazionale, established in 2023, has resources of 305 million euros split between CDP Equity and Simest, and a portfolio of nine funds. It invests in funds of international managers that commit to allocating resources to Italian businesses and maintaining a local presence, across technology sectors and development stages from seed to growth.
Jolt Capital V invests in European B2B deeptech companies at the growth stage, developing software and hardware technologies. Key sectors include semiconductors, medical devices, advanced materials, applied artificial intelligence, energy management and technical software. The fund is compliant with Article 9 of the EU SFDR regulation. The European Investment Fund committed 260 million euros to the vehicle in 2025 as the lead subscriber to the first closing, with support from the European Tech Champions Initiative, a programme for financing technology scale-ups. The manager plans to finance the growth of around twenty European deeptech companies.
CDP said the investment aims to strengthen Italian innovative companies' access to international capital for advanced technologies and support their expansion into foreign markets. Giacomo Valentini, head of CDP Venture Capital Fondo di Fondi Internazionale, said the investment aligns with the strategy of partnering with leading international fund managers that add value to the Italian innovation ecosystem. Jean Schmitt, chairman and managing partner of Jolt Capital, said the firm remains committed to identifying and supporting deeptech champions with Italian roots, and noted Jolt Capital opened an office in Milan. Jolt Capital has been active since 2012 and uses its proprietary Jolt.Ninja AI platform, whose database includes around five million companies.
Fondo di Fondi Internazionale, established in 2023, has resources of 305 million euros split between CDP Equity and Simest, and a portfolio of nine funds. It invests in funds of international managers that commit to allocating resources to Italian businesses and maintaining a local presence, across technology sectors and development stages from seed to growth.
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