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

## Primo Ventures
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 13
- Stages: Seed, Series A
- Focus: Software, Information Technology, Aerospace

Primo Ventures is a venture capital firm focused on seed and early stage startups. The firm manages two funds focused on the digital sector and one fund specializing in the new space economy.

## Club degli Investitori
- Type: VC Fund
- Location: Torino, Piemonte, Italy
- Relevant deals: 11
- 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.

## CDP Venture Capital
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 11
- 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.

## Vertis SGR S.p.A.
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 9
- 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.

## Club Italia Investimenti 2
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 9
- Stages: Seed, Pre-Seed
- Focus: E-Commerce, Software, Mobile

Club Italia Investimenti is a Milan-based venture capital firm that assists startups in raising seed capital.

## Invitalia Ventures
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 8
- 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

## Italian Angels for Growth
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 7
- Stages: Seed, Angel
- Focus: Software, E-Commerce, Health Care

IAG is an angel investor network that offers access to its affiliates to early-stage venture opportunities. Its members to date have deployed over 22 million Euros to support 41 startups in the series seed/series A stage in many verticals, among which: Medtech, SAAS, e-commerce, Fintech, and high tech at large. Every investment opportunityat IAG is vetted by a professional team together with expert members of the group. Once invested, the company receives the support of up to two Investment champions, who bring their expertise to the table and help them succeed.

## P101
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Internet

P101 is an Italian venture capital firm focused on early-stage investments in the digital sector.

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## Principia SGR
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 7
- 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.

## GELLIFY
- Type: VC Fund
- Location: Bologna, Emilia-Romagna, Italy
- Relevant deals: 6
- 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.

## UniCredit Group
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 6
- 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.

## LIFTT
- Type: VC Fund
- Location: Turin, Piemonte, Italy
- Relevant deals: 6
- 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.

## TIM Ventures
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Mobile, FinTech, Finance

TIM Ventures prefers to invest in the internet, digital life, mobile evolution, e-learning, and green technology sectors. It provides capital for startups in Italy and Europe. The company provides startups with consulting services and support. Salvo Mizzi founded TIM Ventures was founded in July 1995, with its headquarters in Milan in Italy.

## Eureka Venture
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 4
- 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

## Invitalia
- Type: VC Fund
- Location: Roma, Lazio, Italy
- Relevant deals: 4
- Stages: Grant, Debt Financing, Seed
- Focus: Software, Information Technology, Machine Learning

Invitalia, the National Agency for inward investment promotion and enterprise development, is mandated by the Italian government to increase the country's competitiveness, particularly in the South, and to support strategic sectors for development. Its main objectives are: Supporting innovation and growth of the productive system - support theinvestment programs of new business or already underway through a package of instruments between them complementary, capable of increasing the competitiveness of companies.

## Embed Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 4
- 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.

## RedSeed Ventures
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Retail, Crowdsourcing, Information Technology

RedSeed Ventures is a Venture Capital firm investing in Early Stage Companies and Scaleups, in Europe and more particularly in Italy.

## Pi Campus
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Mobile, Biotechnology

Pi Campus is a startup district and a venture fund that invests in talent. We provide startups with money, mentorship and the best work environment for growth.

## Growth Engine
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 3
- Stages: Secondary Market, Seed, Convertible Note
- Focus: E-Commerce, Information Technology, Internet

Growth Engine is a holding company that invests in startups and scaleups with high growth potential founded by Fabio Mondini de Focatiis, Andrea Marangione, Michele Appendino and Marco Ariello, Venture Capital professionals with an excellent track record. Growth Engine invests in Italian startups at the Pre-Seed and Seed stage.

## 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.

## Green Arrow Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2

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.

## Atlante Seeds
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Manufacturing, Sports, Hardware

Atlante Seed is an Intesa Sanpaolo Group's Fund dedicated to seed and early stage capital, it invests in innovative companies still small but with high growth potential, with a particular attention to those belonging to the high technology industry. Besides this activity (direct investments), the Fund invests in selected business incubators oraccelerators specialized in specific sectors (indirect investments).

## 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.

## Atlante Ventures
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Analytics

Atlante Ventures is a leading Italian VC fund, operated by IMI Fondi Chiusi SGR, part of Intesa Sanpaolo Group. Totalling, together with its companion funds Atlante Ventures Mezzogiorno (AVM) and Atlante Seed, 60 mio euros in funds under management, Atlante Ventures only supports truly innovative startups, in Italy and abroad.Sinceinception from 2007, Atlante Ventures, AVM and Atlante Seeds have invested in more than 20 seed and early stage companies across all the innovation spectrum, among which Silicon Biosystems, the leading single-cell genomics company, Icoolhunt, the online trend forecasting startup, Admantx, the semantic-based advertising optimization platformThrough its dedicated team of 8 professionales, Atlante Ventures sifts through hundreds of startup companies per year, using the following as key investment criteria: existence of a clearly innovative product or method, strong IP and Know how where applicable, an entrepreneurial team possessing dynamism, common sense, selling skills and in general, the will to make their mark

## Neva SGR
- Type: VC Fund
- Location: Turin, Piemonte, Italy
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: FinTech, Software, Financial Services

Neva SGR, part of the Intesa Sanpaolo Group and wholly owned by the Intesa Sanpaolo Innovation Center, plans and manages investment funds for professional investors interested in seizing diversification and high-yield opportunities offered by Venture Capital investments. Neva SGR can count on Intesa Sanpaolo Innovation Center’s and Intesa SanpaoloGroup’s strength, financial resources, know-how and network of relationships, a unique source of value on the market.
Neva SGR is the perfect blend of strength, reputation and stability of the Intesa Sanpaolo Group and the best practices of international venture capital firms. Neva SGR aims to boost the Italian economy through new technologies and to be market maker of the VC asset class of venture capital in Italy.

## 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...

## Lazio Innova
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 2
- 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.

## Azimut Digitech Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Computer, Mobile

Azimut Digitech Fund Was created as part of a partnership with the Gellify Group.

## 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.

## Rancilio Cube
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Software, Financial Services

Cube is the investment office founded by Rancilio family

## 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

## Cassa Depositi e Prestiti
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 2
- 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

## Key Capital
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 2
- 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.

## 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.

## Alantra
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Private Equity, Debt Financing, Series B
- Focus: Financial Services, Manufacturing, Information Technology

ALANTRA is a PROJECT, a firm being built by all its partners and professionals, a collective aspiration which aims to become an enduring institution for the generations to come.
It is a GLOBAL FIRM, being founded by the partners of the 19 countries we are present in.It is an open firm, articulated around the principles of ENTREPRENEURSHIP,PARTNERSHIP, INNOVATION and FLEXIBILITY.Their segment is the MID-MARKET, a space for growth, for new ambitions, for creative and innovative spirits. We grow with our clients, we share their mindset and we build very long-term relationships with them.

## CLN Group
- Type: VC Fund
- Location: Caselette, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Hardware, E-Commerce

CLN is the Group Company specialized in producing and assembling steel automotive structural parts, components, subassemblies and modules.

## Game Seer Venture Partners
- Type: VC Fund
- Location: Aschaffenburg, Bayern, Germany
- Relevant deals: 1
- Focus: Gaming, Video Games, iOS

We are a group of friends and investors united by our love for video games and who created a fully privately owned venture fund exclusively for core and indie multiplatform licensesOur product-centered approach aims at filtering, assessing and early funding impactful PC & consoles titles that will drive traction and revenuesWe have afifteen years know-how in the industry and brought our former gaming companies to high profitability and up to the point of publicly listing themWe work jointly with governments, marketing agencies, payments and distribution service providers to guide the talents of tomorrow on the path to successful releases

## The Techshop
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Computer, Software, Automotive

The Techshop is a venture capital and private equity firm that invests in B2B digital startups.

## Como Venture
- Type: VC Fund
- Location: Como, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Aerospace, Health Care, Space Travel

Como Venture is a venture capital firm specialized in seed and early stage investments.

## Rho Capital Partners
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Information Technology, Advertising

Rho Capital Partners is the parent company to Rho's four operating divisions, Rho Ventures, Rho Canada Ventures, Rho Fund Investors and Rho Acceleration.

## Selected Investments
- Type: VC Fund
- Location: Florence, Toscana, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Electronics, Manufacturing, Marine Technology

Selected Investments è una società di investimenti e partecipazioni che investe prevalentemente in imprese innovative ad alto contenuto tecnologico ed elevato potenziale di crescita, partecipando al capitale di rischio con un orizzonte temporale di lungo termine. La società opera quindi come investitore di venture capital nelle fasi seed edearly-stage. Selected Investments, inoltre, offre alle imprese supporto strategico e servizi ad alto valore aggiunto in tema di corporate finance, M&A e operazioni straordinarie.

## European regional development fund (ERDF)
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

## Endeavor Catalyst
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: E-Commerce, Software, Information Technology

Endeavor Catalyst is the rules-based, co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Launched in 2012, Endeavor Catalyst has ~$500M+ AUM across four funds and has made 260+ investments to date in 35+ different markets. TodayThe Endeavor Catalyst portfolio has 53 companies valued at $1B+. Investments include Globant (NYSE:GLOB), Rappi, and Creditas in Latin America; Yemeksepeti.com and Careem in MENA; and Bukalapak and Carro in Indonesia.

## SmartCapital
- Type: VC Fund
- Location: Salamanca, Castilla y Leon, Spain
- Relevant deals: 1
- Stages: Series A
- Focus: Events, Mobile, Software

Smart Capital form a group of entrepreneurs and managers with over 10 years experience in this sectors.

## 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.

## Fountain Healthcare Partners
- Type: VC Fund
- Location: Dublin, Dublin, Ireland
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Health Care, Biotechnology, Medical

Fountain Healthcare Partners is an Irish based life science venture capital fund.
Fountain is exclusively focused on the life science sector. Specific areas of interest to them are: specialty pharma, medical devices, biotechnology and diagnostics. They will deploy the majority of their capital in Europe with a strong focus on Ireland.

## Intermedia Iniziative
- Type: VC Fund
- Location: Firenze, Toscana, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Banking, FinTech, Payments

Intermedia Iniziative is a consulting and equity investment firm.

## Digitech Venture Capital Fund
- Type: VC Fund
- Location: Houston, Texas, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Big Data, Software, Health Care

Digitech is a strategic venture capital fund that identifies emerging tech companies at their early stages and plays an active role in their growth.

## B2venture (formerly btov Partners)
- Type: VC Fund
- Location: Saint Gallen, Sankt Gallen, Switzerland
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Health Care, Information Technology

Btov Partners is a venture capital firm focused on early-stage investments in digital and industrial technology companies. With investment teams in Digital and Industrial Tech, Btov invests EUR 50m per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

## FINTEL
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Robotics, Software, Information Technology

FINTEL is a financial company of the Bulgarelli family.

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