# IAG: portfolio, investments and team > IAG is an angel network based in Italy. 10 investments on record, 2 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/iag (Millionrounds; every figure on the page links to its filing or article) Italy · [Investor](https://millionrounds.com/investors) # IAG Last cheque observed Sep 2026; 10 cheques on record. Email Angel network Deploying now Pre-seed Seed Startups Innovation Entrepreneurship Follow IAG and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fiag) Deploying now **100%** of best year **2** **cheques in 12 months**, 10 on record Since the last cheque **49** days **00** hrs **00** min **00** sec Median round **$100M** Rounds led **0 of 10** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **Italy, 60%** Pitch IAG ## IAG highlights - 01 2 cheques in the last 12 months - 02 Mostly Seed and Pre-seed: 80% of its rounds - 03 Sole investor in 2 rounds, median $756K - 04 1 exits from the portfolio ## What they do > Italian Angels for Growth (IAG) è una community di business angel, imprenditori e corporate che condividono competenze, capitali e impegno per supportare l’innovazione e l’imprenditorialità. From their own website - **Type:** Angel network - **Cheque size:** Not stated - **Stages:** Pre-seed Seed - **Sectors:** Startups Innovation Entrepreneurship - **Based in:** Milano, Italy - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2026** 2 rounds - **Sept** **[Arcee AI](https://millionrounds.com/company/arcee-ai)** Series B · US · Ventureburn **$150M** With 10 others - **Sept** **[Delos Data](https://millionrounds.com/company/delos-data)** Series A · US · TechStartups **$100M** With 7 others - **2025** 1 round - **Sept** **[Pillar](https://millionrounds.com/company/pillar)** Pre-seed · IT · TechStartups **$3.8M** With 10 others - **2013** 2 rounds - **Oct** **[Musement](https://millionrounds.com/company/musement)** Seed · IT · finsmes.com **$950K** With 1 other - **Oct** **[Angiodroid](https://millionrounds.com/company/angiodroid)** Seed · IT · finsmes.com **$1.2M** With 1 other - **2012** 1 round - **May** **[Sedicidodici](https://millionrounds.com/company/sedicidodici)** Seed · IT · finsmes.com **$1.2M** Sole investor - **2011** 2 rounds - **Sept** **[Spreaker](https://millionrounds.com/company/spreaker)** Seed · US · blog.spreaker.com **$660K** With 2 others - **Mar** **[Nomesia](https://millionrounds.com/company/nomesia)** Seed · IT · finsmes.com **$383K** With 1 other - **2010** 1 round - **Oct** **[Spreaker](https://millionrounds.com/company/spreaker)** Seed · US · eu.techcrunch.com **$347K** Sole investor - **2008** 1 round - **May** **[Passpack](https://millionrounds.com/company/passpack)** Seed · IT · reuters.com **$542K** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **0** of 1 we have independently watched raise Iag-connect Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Passpack](https://millionrounds.com/company/passpack)** Bought by Kemesa **Undisclosed** Jan 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Pre-seed Seed Median round joined **$100M** the round, not its cheque Alone, median **$756K** Led 0 of 10 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Sept 2026 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Seed said *7* - Pre-seed said *1* - Series A *1* - Series B *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [INGENIUM Sardegna Fund](https://millionrounds.com/fund/ingenium-sardegna-fund) 2 **Pitching IAG?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as IAG. A count of rooms they were both in, not a relationship either has claimed. [**INGENIUM Sardegna Fund** Accelerator **2** rounds together](https://millionrounds.com/fund/ingenium-sardegna-fund) ## Recently backed The latest companies IAG put money into. [**Arcee AI** $150M · Sept 2026](https://millionrounds.com/company/arcee-ai)[**Delos Data** $100M · Sept 2026](https://millionrounds.com/company/delos-data)[**Pillar** $3.8M · Sept 2025](https://millionrounds.com/company/pillar) ## Quick answers about IAG ### What does IAG invest in? IAG invests most often at Seed and Pre-seed (80% of the rounds on record), in sectors such as Startups, Innovation and Entrepreneurship. ### How active is IAG? 10 investments on record, 2 of them in the last 12 months. The most recent was in Sept 2026. ### What has IAG invested in recently? Its most recent investments on record: Arcee AI (Series B, Sept 2026), Delos Data (Series A, Sept 2026) and Pillar (Pre-seed, Sept 2025). ### How big are IAG's cheques? The median round it joins is $100M. ### Does IAG lead rounds? Rarely, if at all: none of its 10 investments on record names it as the lead. ### Where does IAG invest? Most of the companies it backs are in Italy (60%) and the United States (40%). ### Is IAG investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does IAG invest alongside? Most often INGENIUM Sardegna Fund (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=iag) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=iag)