> It has come to Privacy International’s attention that Hacking Team appears to have received €1.5 million from two venture capital funds originating from the Region of Lombardy in 2007. One of the funds, Finlombarda Gestioni SGR S.p.A (FGSGR) has only a single shareholder - Finlombarda S.p.A, a public financial services agency whose only shareholder is the Region of Lombardy. Finlombarda S.p.A. designs, builds and manages financial services on behalf of the Region of Lombardy, placing the profits of Hacking Team hand-in-hand with the public finances of Lombardy. FGSGR also lists the Head of Venture Capital as being a Board Member of Hacking Team itself.
> It has come to Privacy International’s attention that Hacking Team appears to have received €1.5 million from two venture capital funds originating from the Region of Lombardy in 2007. One of the funds, Finlombarda Gestioni SGR S.p.A (FGSGR) has only a single shareholder - Finlombarda S.p.A, a public financial services agency whose only shareholder is the Region of Lombardy. Finlombarda S.p.A. designs, builds and manages financial services on behalf of the Region of Lombardy, placing the profits of Hacking Team hand-in-hand with the public finances of Lombardy. FGSGR also lists the Head of Venture Capital as being a Board Member of Hacking Team itself.