IH1 Overview
| Investment Holding Size |
€10M |
| Capital Commitments today |
€8.7M |
| Legal form |
Società a Responsabilità Limitata |
| IH1 domicile |
Italy |
| Vintage |
2022 |
| First closing |
€1,65M |
| Second closing |
€3,65M |
| Third closing |
€5M |
| Investment period end date |
Dec 2026 |
| Divestment period end date |
Dec 2032 |
| Focus |
Startups created by Mamazen: companies designed to simplify processes, improve customer experience, and create tools for digital transformation addressed to self-employed workers and artisans. |
| Strategy |
1 Investment in the Studio 15 pre-seed investment10 Follow on Investment |
| Management Fee |
2% |
| Carried Interest |
20% up to 3X, 25% up to 5X, 30% over 5X |
| Board Commitment |
€550.000 invested by the board |
| Legal Firm |
Futura Law Firm |
| Tax Consultant |
Sevat Group |
The Dual Entity Model
Mamazen IH1 adopt the Dual Entity Model: the model involves the combination of a Startup Studio (Mamazen) and a Holding Company (IH1).
The holding size is €10M, allocated as follows:
- €3M investment in the Studio to finance the ideation, validation and creation of 15 startups
- €6M investments in the startups created by Mamazen
- €1M in management fee (1% for 10 years)
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Fundraising and investments
IH1 Investment Thesis
IH1 invests in software-enabled businesses to boost the competitiveness and growth of European micro-businesses. These enterprises, employing fewer than 10 people and generating under €2M annually, are crucial to the European economy, employing 50 million people and contributing over 20% to the GDP. Despite their importance, they struggle with competition, lack of digital tools, and weak bargaining power.
Fundraising and deployment
| Cashed-In |
€ 6.300.000 |
| Total Capital Deployed |
€ 5.550.000 |
Investments, valuations and ownership
| Average Investment |
€ 281.500 |
| Min |
€ 150.000 |
| Max |
€ 550.000 |
| Median valuation |
€ 2.635.000 |
| Min |
€ 1.000.000 |
| Max |
€ 5.100.000 |
| Average ownership (direct equity) |
19,94% |
| Smallest |
14,07% |
| Largest |
24,29% |
| Portfolio Value |
€ 7.950.000 |
| TVPI |
1,3 |