# Top 50 Energy VC (Venture Capital) Funds in Italy in May 2026

## CDP Venture Capital
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 14
- Stages: Seed, Series A
- Focus: Software, Health Care, Information Technology

CDP Venture Capital Sgr - National Innovation Fund aims to make venture capital a cornerstone of the country's economic development and innovation, creating the conditions for an overall and sustainable growth of the venture capital ecosystem.

## Innogest Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 6
- Stages: Series A, Series B
- Focus: Health Care, Medical, Medical Device

We are investors in companies that make the difference. We partner with hard-working entrepreneurial visionaries

## Eureka Venture
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 5
- Stages: Seed, Pre-Seed
- Focus: Nanotechnology, Renewable Energy, Medical Device

Eureka! is the first independent Italian venture capital Asset Management company exclusively focused on deep tech investments

## Principia SGR
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Health Care, Biotechnology, Software

Principia is an Italian Venture Capital firm with over Eur 80M under management. Currently Principia has two funds investing in digital start ups and expansion capital opportunities and in particular cases, we invest also in seed opportunities.

## Cassa Depositi e Prestiti
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: CleanTech, InsurTech, B2B

The Cassa depositi e prestiti Group is the national promotional institution that has supported the Italian economy since 1850

## 360 Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Information Technology

Early stage european VC investing on ClimateTech, DeepTech, Mass Consumption and Business Automation.

## DVR Capital
- Type: VC Fund
- Location: Lombard, Illinois, United States
- Relevant deals: 2
- Focus: Gamification, Social Impact, Natural Resources

DVR Capital offers M&A advisory and private equity as well as equity services for businesses, financial investors, and multinationals

## Intesa Sanpaolo
- Type: VC Fund
- Location: Torino, Piemonte, Italy
- Relevant deals: 2
- Stages: Debt Financing, Post-IPO Debt, Seed
- Focus: Financial Services, FinTech, Finance

Intesa Sanpaolo is a banking group that specializes in wealth management, protection, advisory, and digital orientation. Their products and services include accounts, cards, loans, mortgages, insurance, digital payments, retirement planning, investments, and consulting.

## A11 Venture
- Type: VC Fund
- Location: Lucca, Toscana, Italy
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Biotechnology, Medical Device, Health Care

A11-Venture investe nel capitale di startup innovative nei settori della robotica, automazione, meccatronica, cleantech, web e IT. Facilita la nascita e lo sviluppo di business innovativi globali per il futuro dell'economia locale. Contribuisce a costruire aziende, lavoro qualificato, brevetti, innovazione capaci di rilanciare e riportareinvestimenti e risorse sul territorio. I soci di A11 Venture credono fermamente nell’innovazione grazie a ciò è possibile crescere per linee esterne diversificando i propri investimenti, grazie ad un portafoglio di imprese, con una forte risk mitigation derivante dalla gestione professionale di tutti processi:
scouting, team building, investimenti, management degli investimenti, accelerazione e disinvestimento.

## Vertis SGR S.p.A.
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Computer

Vertis is a dynamic and independent investment management company authorised by Bank of Italy. It manages five closed-end funds for qualified investors by participating in research projects, spin-offs, startups and PMI and deals with the investments of the innovative Made in Italy.

## Barclays Sustainable and Impact Banking
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Energy, Renewable Energy, Industrial

Barclays is providing the green and sustainable finance required to transform the economies we serve.

## Banco BPM
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2
- Stages: Debt Financing, Pre-Seed, Series A
- Focus: Manufacturing, Renewable Energy, E-Commerce

Scopri i servizi bancari e finanziari di Banco BPM: conti, mutui, carte, prestiti, assicurazioni, trading e tanto altro. Per privati e imprese.

## OurCrowd
- Type: VC Fund
- Location: Jerusalem, Yerushalayim, Israel
- Relevant deals: 2
- Stages: Series B, Series A, Seed
- Focus: Software, Artificial Intelligence, Machine Learning

Access exclusive VC angel investment deals in pre-vetted startup companies. Join now.

## Progress Tech Transfer Fund
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Water, Eyewear, Farming

Investment fund specialized in sustainable technologies from universities and public research organizations, start-ups, spin-offs, and entrepreneurs.

## Boost Heroes
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Apps

Boost Heroes is an Italy-based holding company focusing on seed and early stage investments.

## dPixel
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Local, Retail

dpixel seleziona e connette imprese, startup, talenti e istituzioni per generare innovazione e crescita attraverso programmi formativi, accelerazione...

## EXOR N.V.
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Manufacturing, Health Care, Biotechnology

EXOR is a holding company based in the Netherlands that the Agnelli family controls. The company has a diverse portfolio of investments in various industries, including automotive, real estate, and finance. The company is known for taking a long-term approach to its assets and has a reputation for being a patient and value-oriented investor. Thecompany's primary focus is on creating long-term value for its shareholders by actively managing and growing its portfolio of investments.EXOR's core mission is to cultivate exceptional enterprises, simultaneously nurturing opportunities for its talented workforce to flourish, make meaningful societal contributions, and yield outstanding returns for its valued investors.

## UniCredit Group
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Software, Financial Services, Banking

UniCredit Group is an Italian global banking and financial services company. Its network spanning 50 markets in 20 countries, with more than 9,000 branches and over 148,000 employees. Its strategic position in Western and Eastern Europe gives the group one of the region's highest market shares.

## Plug and Play
- Type: VC Fund
- Location: Sunnyvale, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, FinTech, Big Data

We connect the largest corporations to the world's best startups through industry-focused accelerator programs in Silicon Valley and beyond.

## Azimut Holding
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: FinTech, Information Technology, Blockchain

Azimut Holding is an independent financial company that offers investment solutions to develop excellent levels of experience. The company's business model is based on the vertical integration between asset management and distribution. It has portfolio managers and analysts based in major hubs around the world and a network of client-facingfinancial advisors operating to deliver quality advice to clients.Azimut Holding was founded on 1989 and is headquartered in Milan, Italy.

## Synergo Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Manufacturing, Information Technology, Software

Diamo sostegno operativo e finanziario alle PMI italiane che vogliono crescere negli USA. Investiamo a fianco di imprenditori ambiziosi per aumentare significativamente il valore delle loro aziende. Non siamo un partner solo finanziario, ma anche operativo e strategico. Mettiamo a disposizione la nostra esperienza nel costruire aziende di successo.

## Iona Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Focus: Renewable Energy, Waste Management, Energy

Iona Capital is a UK market leader in sustainable investment funds with over 20 different low-carbon energy projects.

## GELLIFY
- Type: VC Fund
- Location: Bologna, Emilia-Romagna, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

GELLIFY is the first innovation platform that invests in B2B digital software startups and connects them to traditional companies with the purpose of innovating their processes, products and business models, through Open Innovation.We make B2B software digital startups grow from the early stage, that we call the liquid state, to the solid one,thanks to our innovative process called "Gellification".A company which is looking to innovate can partner with GELLIFY to leverage all critical capabilities for digital transformation and focus on these specialties: Entrepreneurship, Sales & Marketing, Phygital Factory & Operations, Smart Technology and Smart Human. GELLIFY has also built a B2B Innovation Community, called “EXPLORE”, whose aim is to connect entrepreneurs, innovators and professionals through B2B events and phygital experiences.We operate globally from the following locations: Italy, United Arab Emirates, Spain and Portugal.

## Lazio Innova
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Grant
- Focus: Health Care, Artificial Intelligence, Software

Lazio Innova is a venture capital firm with its headquarters in Rome in Italy. The firm provides services in areas such as credit support and guarantees, interventions in risk capital, internationalization services, promotion of business networks and services for the creation and enterprise development.

## Russian Direct Investment Fund
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Series A, Private Equity
- Focus: Transportation, Logistics, Industrial

Russian Direct Investment Fund is a Russia’s sovereign wealth fund with reserved capital of $10 billion under management. Working alongside the world’s foremost investors, we make direct investments in leading, as well as promising, Russian companies. RDIF attracted over $40 billion of foreign capital into the Russian economy through long-termstrategic partnerships

## Luxor Capital Group
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Food Delivery, Logistics

Luxor Capital Group is a hedge fund that offers equity and fixed income investments. It also provides its customers with investment advisory services.
Luxor Capital Group was founded by Christian Leone and is based in New York.

## Key Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Internet, Apps, E-Commerce

We are a venture incubator that wants to exploit the extraordinary human capital of the new digital entrepreneurship. From design to ready-to-market, up looking for new partners and capital, we create value along the entire continuum of mentoring: direct investment , skills qualified and specialized network support the growth of new businesses oftomorrow. With our deal flow , we are able to select innovative ideas with high potential with a business model that minimizes the investment risk and guarantee the success on the market.

## Moonstone
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Energy

VC

## Novum Capital Partners
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Energy, CleanTech, Smart Cities

Novum Capital Partners is a Swiss multi-family office.

## Omnes Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Biotechnology, Health Care

Omnes, "Powering Entrepreneurs" is a Leading private equity firm dedicated to energy transition and innovation.

## Equiter
- Type: VC Fund
- Location: Turin, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed, Series B, Convertible Note
- Focus: Medical, Health Care, Information Technology

Equiter seleziona, realizza e gestisce investimenti infrastrutturali in capitale di rischio finalizzati allo sviluppo socio-economico del territorio.

## Wayra
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

## Tecno
- Type: VC Fund
- Location: Scalenghe, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Marketing, Sustainability

Tecno provides sustainability consulting services. They offer to their clients services aimed at increasing their ESG rating and digitizing all required data, through a virtuous path. Their r team is made up of highly qualified professionals who optimize internal processes and support companies in all phases: consulting, device installation,assistance.

## Banca Patrimoni Sella
- Type: VC Fund
- Relevant deals: 1
- Stages: Convertible Note
- Focus: Apps, Software, Education

Bank

## Tech4Planet
- Type: VC Fund
- Relevant deals: 1
- Focus: Energy, Sustainability

Tech4Planet was created to facilitate market access and the growth of new companies conceived within research laboratories dedicated to environmental sustainability, particularly in the energytech, circular economy, sustainable manufacturing, smart mobility, and water management sectors.With a total investment of up to 55 million euros allocatedby the Technology Transfer Fund of CDP Venture Capital Sgr , the Tech4Planet Pole was created in collaboration with the Milan Polytechnic and involves the Polytechnics of Turin and Bari .

## Finindus
- Type: VC Fund
- Location: Zelzate, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Manufacturing, Industrial, Renewable Energy

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

## AitherCO2
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Energy

ETS

## EIC Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed

start-ups, SMEs, technology, co-investment

## Scientifica Venture Capital
- Type: VC Fund
- Location: Roma, Lazio, Italy
- Relevant deals: 1
- Stages: Private Equity
- Focus: Biotechnology, Manufacturing, Sustainability

Scientifica Venture Capital offers private equity and venture capital investment services for Italy based startups and firms.

## Embed Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Health Care, Mobile

Embed Capital directly invests in startups, established or in the process of creation.Embed is mainly focused on innovative companies that:- Are active in the so-called “real economy” sectors: industrials, technology, environment, services, retail or social;- Are characterized by simple and intuitive business models and valuepropositions, and operate in markets or market segments featuring high growth potential;- Present a clear competitive advantage and high barriers-to-entry;- Are cash-generative in the medium term.Given that Embed Capital is not a closed-end fund, it doesn’t have specific time-constrains and it can assess on a project-by-project basis to determine the best time to sell a participation, and sign customized agreements with the entrepreneurs.

## Invitalia Ventures
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Medical, Health Care

Invitalia Ventures SGR manages the “Italia Venture Fund I”, a 87€/Ml sized co-investment fund that invests in early stage operations in Italy. They co-invest up to a maximum of 70% in round A (€ 0.5ML - € 1.5ML) in high growth sectors. Invitalia Ventures, with its network of co-investors not only provides risk capital, but also know-how and anetwork for business development. Main LPs includes the Ministery of Economic Development, the European Investment Bank, Cisco Group, the Sardinian Banking Foundation and Metec Group.They are looking for visionary entrepreneurs who share their passion for innovation.
Growth is their mission!!For more information please contact us at info@invitaliaventures.it or visit our website: www.invitaliaventures.it

## Sport Horizon Holding S.p.a.
- Type: VC Fund
- Location: Turin, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed, Convertible Note
- Focus: Apps, Sports, Fitness

The innovative hub to invest in the most promisingand visionary startups in the sport industry.

## Altana
- Type: VC Fund
- Location: Wesel, Niedersachsen, Germany
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Manufacturing, Printing, Automotive

ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 86% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTASElectrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

## Momenta
- Type: VC Fund
- Location: Engelberg, Obwalden, Switzerland
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Internet of Things, Artificial Intelligence

Momenta is the leading Digital Industry venture capital + growth firm. We accelerate entrepreneurs and leaders devoted to the digitization of energy, manufacturing, smart spaces, and supply chains. Since 2012, our team of deep industry operators have made over 100 investments in entrepreneurs and helped scale over 150 industry leaders via ouraward-winning executive search and strategic advisory practices.

## Club degli Investitori
- Type: VC Fund
- Location: Torino, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Health Care, Software

Club degli Investitori (Investors Club) is a network of investors and business angels that invest on early-stage SMEs and startups. The community of 300+ Members (entrepreneurs, CEOs, executive managers) actively scouts for investing opportunities on SMEs & startups and invests with a minimum ticket of €200k. The Club supports business byinvesting capital and by leveraging the Members' network and experience.Club degli Investitori is supported by Unicredit and KPMG Italy.

## LIFTT
- Type: VC Fund
- Location: Turin, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Health Care

A not-only-profit operating investment company, eager to create a bridge between innovative ideas, territory and capital.

## Sustainable Ocean Alliance
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Sustainability, CleanTech, Marine Technology

SOA develops leaders, cultivates ideas, and accelerates solutions to the biggest problems facing our ocean through the  Leadership and Accelerator programs

## Green Arrow Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1

Green Arrow Capital is an independent financial group specializing in alternative investments across Europe. They represent a one-of-a-kind platform, capable of connecting the financial system with the real economy through the management of private equity, private debt, infrastructure, and special credit situation funds as well as thematic fundssuch as microfinance and funds of funds that are currently under management. Their team has a successful track record in asset management, investment banking, industry sectors, technology startups, management consulting, renewable energy, and has government and regulatory experience. Their group is mainly composed of investment, asset management, and financial advisory companies. Their aim is to create a solid financial platform to launch and manage investment funds dedicated to alternatives and to the real economy.

## NextEnergy Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: CleanTech, GreenTech, Recycling

NextEnergy Capital is an investment management business founded in 2007, Their head office are in London, United Kingdom. NextEnergy Capital focus on the renewable energy sector with a presence in Italy and South Africa. NextEnergy Capital believes in the sustainable energy investment opportunity and plans to selectively add on other businesses.

## Avanzi Etica Sicaf EuVECA
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Fashion, Wellness, Recycling

Avanzi Etica Sicaf EuVECA is an investment company that supports the development and growth of SMEs and innovative startups .

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