Born in spring 2005 in the Treviso countryside, H-Farm, the venture incubator that aims to create an international platform to support and facilitate the creation of new start-ups based on internet and digital media business models, has reported its 2009 results along with a significant growth of capital.
 
800,000 Euros net profit, five new companies started in 2009 and two companies taken over by the groups WPP and RCS: this is the balance sheet of the past year’s activities at Ca’ Tron.
 
A busy 2009 which concluded with a capital increase of 4 million Euros by the holding. Farm Angels, the finance group formed by several businessmen friends, acquired 25% of H-Farm Ventures, the group holding, and the capital raised puts it in a perfect position to face the new investment programme for 2010 and the first part of 2011.
 
Thomas Panto, one important member of the capital increase group, has been elected managing director, and will sit on the H-Farm Ventures board.
 
“I am really happy with these results. 2009 was not a happy year for anyone, let alone for us, who are trying to start a business generation model. After 18 months of discussions with various parties on the venture capital scene, we decided to open up to a group of entrepreneur friends who, like us, believe in the need to help innovation and create a new economy based on services, and in just four months we concluded our recapitalization programme raising the funds for further investments,” declares H-Farm founder Riccardo Donadon. “With this operation we have added not only finance but also people able to enlarge our network, our technological abilities and the commercial activities.”
 
H-Farm started in spring 2005: in the last four years it has invested in 18 startups, opened sites in Seattle (Wa, USA) and Mumbai, India, and London. It employs around 190 young people and intends to double that number in the next four years.