# Top 10 Enterprise Software VC (Venture Capital) Funds in Italy in May 2026

## UniCredit Group
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 3
- Stages: Debt Financing, Post-IPO Debt
- Focus: Energy, Software, Financial Services

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.

## CDP Venture Capital
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 2
- 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.

## Angel Capital Management
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A, Series C
- Focus: E-Commerce, Fashion, Food and Beverage

Founded by Angelo Moratti, Angel Capital Management (formerly Angel Lab) is a leading private investment firm providing growth equity to companies in various stages of development. The Direct Investments Practice mainly focuses on fast growing Consumer&Lifesyle companies.
ACM offers its portfolio companies a comprehensive platform for growthacting as i) a partner for the international expansion of Italian companies ii) and a gateway to the Italian and South European market for foreign companies.

## Principia SGR
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- 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.

## Friulia Finanziaria FVG
- Type: VC Fund
- Location: Trieste, Friuli-Venezia Giulia, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Art, SaaS, Internet

Friulia Finanziaria FVG formed by the Region of Friuli Venezia Giulia.

## AnimaTerra Investments
- Type: VC Fund
- Relevant deals: 1
- Focus: SaaS, Software, Marketing

Investments on sustainable and innovative projects.

## Aurelia Ventures
- Type: VC Fund
- Location: Santa Barbara, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Equity-free programs for B2B SaaS founders - 1:1 Coaching with each founder team - Community of 200+ B2B founders - $1.25M+ Perks & Benefits.

## 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

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

## EuroFinLeading Private Equity
- Type: VC Fund
- Relevant deals: 1
- Focus: SaaS, Software, Marketing

Private Equity Partner

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