How Holding Companies Build Internal VC Arms

Episode 60 of The Holding Company with Fexingo explores how multi-business owners create internal venture capital arms to incubate new ventures and acquire startups. Lucas and Luna dig into the case of Italian holding company Exor, which launched its internal VC unit Exor Seeds in 2021 with an initial €50 million commitment. They discuss why a holding company would build an internal VC rather than just investing in external funds, how it sources deals from within its portfolio, and how it manages conflicts of interest. The hosts walk through the governance structure of Exor Seeds, including its independent investment committee and its mandate to invest in sectors adjacent to Exor's existing businesses like Ferrari, Stellantis, and CNH Industrial. They also touch on how internal VC arms can drive innovation, attract entrepreneurial talent, and create a pipeline of future acquisitions. If you run a holding company or advise one, this episode gives you a practical blueprint for setting up your own internal venture function. #HoldingCompanies #InternalVC #Exor #ExorSeeds #CorporateVentureCapital #VentureCapital #BusinessStrategy #Innovation #PortfolioManagement #SubsidiaryStrategy #Ferrari #Stellantis #CNHIndustrial #AgnelliFamily #Italy #BusinessPodcast #FexingoBusiness #Business Keep every episode free: buymeacoffee.com/fexingo