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Top 45 Medical Device VC Funds & Investors in Italy (May 2026)

The most active venture capital funds investing in Italy Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Italy Medical Device startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
CDP Venture Capital
VC Fund
6 Italy, United States, Germany Seed, Series A Software, Health Care, Information Technology $418k–$7.5M
Innogest Capital
VC Fund
5 Italy, United States, Spain Series A, Series B Health Care, Medical, Medical Device $750k–$28M
Principia SGR
VC Fund
5 Italy, United States, United Kingdom Series A, Seed Health Care, Biotechnology, Software $321k–$31M
Italian Angels for Growth
VC Fund
5 Italy, United States, United Kingdom Seed, Angel Software, E-Commerce, Health Care $214k–$2M
A11 Venture
VC Fund
4 Italy, United States Seed, Pre-Seed, Series A Biotechnology, Medical Device, Health Care $375k–$1.4M
Intesa Sanpaolo
VC Fund
2 Italy, United Kingdom, United States Debt Financing, Post-IPO Debt, Seed Financial Services, FinTech, Finance $429k–$1.3B
Atlante Ventures
VC Fund
2 Italy, United States, Israel Series A, Seed Software, Biotechnology, Analytics
Invitalia Ventures
VC Fund
2 Italy, United States, United Kingdom Series A, Seed Software, Medical, Health Care $643k–$6M
UniCredit Group
VC Fund
2 Italy, Germany, Sweden Debt Financing, Post-IPO Debt Energy, Software, Financial Services $118k–$2B
Healthware Ventures
VC Fund
2 Italy, Austria, United States Seed, Pre-Seed, Series A Health Care, Personal Health, PaaS $804k–$1.8M
Panakes Partners
VC Fund
2 Italy, Ireland, France Series A, Series B, Seed Health Care, Medical, Biotechnology $3.2M–$75M
Eureka Venture
VC Fund
2 Italy Seed, Pre-Seed Nanotechnology, Renewable Energy, Medical Device $321k–$6.4M
Vertis SGR S.p.A.
VC Fund
2 Italy, United States Seed, Series A Software, Biotechnology, Computer $654k–$4.9M
Fondazione Cottino
VC Fund
1 Italy Seed Medical, mHealth, Diabetes
Si14
VC Fund
1 Italy Seed Medical, mHealth, Diabetes
LIFTT
VC Fund
1 Italy, United Kingdom, Switzerland Seed, Series A Software, Biotechnology, Health Care $268k–$5.7M
Roca X
VC Fund
1 Romania, Italy, Israel Seed, Pre-Seed, Convertible Note Software, Information Technology, Health Care $54k–$2M
Global Payments SpA
VC Fund
1 Italy Seed FinTech, Wearables, Biometrics
Fondazione Golinelli
VC Fund
1 Italy Seed, Pre-Seed FinTech, Financial Services, AgTech $122k–$471k
Sistema Investimenti
VC Fund
1 Italy Seed Mobile, Medical, Health Care $500k–$2M
INGENIUM Emilia Romagna
VC Fund
1 Italy Seed, Angel Medical, Health Care, Privacy $2M–$2.1M
Amazon Alexa Fund
VC Fund
1 United States, United Kingdom, Canada Seed, Series A Software, Artificial Intelligence, Internet of Things $120k–$22M
Omnes Capital
VC Fund
1 France, United States, Belgium Series A, Series B Software, Biotechnology, Health Care $3.2M–$37M
Green Arrow Capital
VC Fund
1
Avanzi Etica Sicaf EuVECA
VC Fund
1 Italy Seed, Series A Fashion, Wellness, Recycling $643k–$964k
UV-Cap
VC Fund
1 Italy, Germany Seed, Series A Personal Health, Big Data, Wellness
EASME - EU Executive Agency for SMEs
VC Fund
1 Spain, Switzerland, United Kingdom Grant, Seed Biotechnology, Health Care, Software $54k–$2.7M
Rancilio Cube
VC Fund
1 United States, Italy, Germany Seed, Series A, Series B E-Commerce, Software, Financial Services $54k–$16M
Andera Partners
VC Fund
1 France, United States, Germany Series B, Private Equity Biotechnology, Health Care, Medical $11M–$241M
RedSeed Ventures
VC Fund
1 Italy, United Kingdom Seed, Series A Retail, Crowdsourcing, Information Technology $654k–$1.1M
Fountain Healthcare Partners
VC Fund
1 Ireland, United States, France Series A, Series B, Series C Health Care, Biotechnology, Medical $3.2M–$55M
Club degli Investitori
VC Fund
1 Italy, United Kingdom, Israel Seed, Series A E-Commerce, Health Care, Software $193k–$10M
Equiter
VC Fund
1 Italy Seed, Series B, Convertible Note Medical, Health Care, Information Technology $3.2M–$3.8M
Sviluppo Imprese Centro Italia
VC Fund
1 Italy Seed, Angel, Series A Travel, Medical, Hospital
SFEM Italia
VC Fund
1 Italy Seed Big Data, Health Care, Medical Device
GM&C Life Sciences Fund
VC Fund
1 United Kingdom, Italy, Germany Seed, Series A Health Care, Biotechnology, Medical $61k–$903k
Italian Angels for Biotech
VC Fund
1 Italy Seed Health Care, Biotechnology, Pharmaceutical
Indaco Venture Partners
VC Fund
1 Italy, United States, United Kingdom Series A, Series B Biotechnology, Health Care, Medical $1.5M–$47M
Estor
VC Fund
1 Italy Seed Health Care, Biotechnology, Medical Device
Spindial Group
VC Fund
1 Italy Medical, Health Care, Biotechnology
F3F
VC Fund
1 Italy Series A, Series C Hardware, Hospital, Software
Embed Capital
VC Fund
1 Italy, Switzerland, United Kingdom Seed, Pre-Seed Information Technology, Health Care, Mobile $129k–$2M
I.A.C.E.R. srl
VC Fund
1 Italy Seed Wellness, Health Care, Medical Device
Lazio Innova
VC Fund
1 Italy, United Kingdom Seed, Pre-Seed, Grant Health Care, Artificial Intelligence, Software $27k–$1.3M
Bios Line Holding
VC Fund
1 Italy Seed Sports, Leisure, E-Commerce
Access all 68 VC funds in Italy Medical Device startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

CDP Venture Capital
VC Fund · Rome, Lazio, Italy · 6 investments in Italy Medical Device startups, 34 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: Italy, United States, Germany

Investor stats

  • Total investments: 112
  • Round size: Seed $418k–$3.8M; Series A $2.1M–$7.5M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $193M in 2021

Portfolio highlights

  • Picosats — PicoSaTs envisages a new generation of telecommunication systems for space applications dedicated to CubeSat pico-satellites. The key technologies at the core of this system are a software defined radio and a highly directive and configurable antenna, operating at higher frequencies (Ka band), and providing very high data rates.
  • Leaf Space — Leaf Space aims to become a global leading service provider in the new, emerging microsatellite market by developing a technology platform providing all basic services required by microsatellite operators.
  • Energy Dome — Energy Dome | Groundbreaking Long Duration Energy Storage. Using CO2 against climate change. Our Technology enables to store renewable energy efficiently.
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Innogest Capital
VC Fund · Milan, Lombardia, Italy · 5 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Series A, Series B
  • Geography: Italy, United States, Spain

Investor stats

  • Total investments: 66
  • Round size: Series A $1.1M–$11M; Series B $750k–$28M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $91M in 2015

Portfolio highlights

  • GreenBone Ortho — GreenBone Ortho was founded in Faenzato offer advanced and innovative solutions in the field of orthopaedics and bone regeneration, using the Rattan wood.
  • Renovacor — Renovacor is a preclinical‑stage biopharmaceutical company focused on developing transformative gene therapy‑based treatments for cardiovascular disease.Renovacor’s lead program is a recombinant adeno-associated virus (AAV)‑based gene therapy for patients suffering from dilated cardiomyopathy (DCM) due to mutations in the Bcl2‑associatedathanogene 3 (BAG3) gene.Dilated cardiomyopathy is a condition affecting over 3 million patients in the US and growing steadily. Many patients develop DCM due to ischemic heart disease. Recently subpopulations have been identified that develop DCM due to mutations in specific genes that have been shown to result in the development of DCM. One of these specific genes is the BAG3 gene. The prevalence of disease‑causing BAG3 haploinsufficiency is estimated at approximately 35,000 individuals in the United States, representing an orphan disease by FDA guidelines. It is estimated a similar number of DCM patients with BAG3 mutations exist in Europe. These patients are typically younger and progress to end-stage heart failure sooner than patients with ischemic heart disease. Currently, DCM patients with a BAG3 mutation are treated with standard of care for heart failure. Despite improvements in pharmacotherapy and care, the five‑year survival of a patient with DCM is only 50%. The development of a BAG3 gene replacement therapy for patients with DCM that carry BAG3 mutations could potentially prevent the progression of disease in this otherwise healthy population of young adults.
  • BetaGlue Technologies — BetaGlue Technologies engage in the research and offers anticancer products.
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Principia SGR
VC Fund · Milan, Lombardia, Italy · 5 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 50
  • Round size: Seed $321k–$3.2M; Series A $1.5M–$31M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $171M in 2014

Portfolio highlights

  • KLISBio — KLISBio is a medtech company currently developing a variety of regenerative medicine implantable products leveraging the power of silk fibroin to promote an endogenous repair of human soft tissues.
  • ENTEROME — We are a clinical stage biopharmaceutical company developing novel drugs to transform human health based on our unique ability to de-code molecular interactions in the gut microbiome.
  • WISE — WISE (Wiringless Implantable Stretchable Electronics) is a start-up company created in 2011 with the mission of producing the new generation of leads for neuromodulation for treatment of chronic pain and Parkinson: unbreakable, less invasive and cheaper.
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Italian Angels for Growth
VC Fund · Milan, Lombardia, Italy · 5 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Angel
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 82
  • Round size: Seed $321k–$2M; Angel $214k–$1.2M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • WORA — Wora is integrated with the main e-commerce platforms. For in-store purchases or via alternative channels (e.g., Instagram, WhatsApp, telephone), they make their app available to retailers to be able to send their requests easily.
  • Viceversa — Viceversa provides capital to European digital businesses to support companies in sustainable and ethical growth. The company was founded in 2021 and has locations in Milan and Dublin.
  • Resalis Therapeutics — Resalis Therapeutics sviluppa un farmaco in grado di inibire un micro-RNA per il trattamento di alcune malattie metaboliche
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A11 Venture
VC Fund · Lucca, Toscana, Italy · 4 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Biotechnology, Medical Device, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $375k–$1.4M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Reefilla — Reefilla EV charging services: recharge your car anywhere, anytime
  • Endostart — Endostart development and manufacturing of a new generation medical devices for gastrointestinal endoscopy.
  • Neuron Guard — Neuron Guard, recognized as the best European startup in HEALTH category (Startup Europe Awards - SEUA 2017), is developing a life-saving medical device that aims to become the standard of care for Targeted Temperature Management (TTM) therapy. Every 7 seconds around the world a person suffers of Acute Brain Damage because of CardiovascularDiseases (CVD) and Traumatic Brain Injury (TBI). They are the most costly and prevalent killers in the last 15 years (15 million deaths by CVD in 2015), and the leading cause of disability (the global incidence rate of TBI is 200 per 100k people per year). WHO estimated a global expenditure of $ 330 billion in 2015, but it is going to increase sharply: $ 4 trillion in 2025 - including premature death, disability, and health care costs - just for CVD in LMICs. Temperature is a vital body parameter. It regulates all cellular functions so its management is essential for the good outcome of patients in several medical conditions such as cardiac arrest, stroke, traumatic brain injury, neuro and cardiac surgery, epilepsy, migraine and oncology. Regulating body temperature at a desired level makes all other treatments more effective. The most modern medical approach is the target temperature management, where physicians try to maintain the most favourable temperature for the patient for up to 24-36 hours, preventing excessive warming (fever) or cooling.Our device is a targeted temperature management system composed by a THERAPEUTIC COLLAR POWERED BY A SMART CONTROL UNIT (the size of a small briefcase). The collar transforms the neck into a natural heat exchanger exploiting several physiological and anatomical characteristics of the human body. It is quicker to act on brain tissue but can also function as total body temperature adjusting device if required. A disposable protective shield makes cleaning the collar after each use simple while featuring an optimal safety profile both in term of pathogens and allergens. The control unit collects all the data of the treatment and transmits them to the Emergency Response System. Our mission is to improve the safety of patients on the roadside, at home or in the workplace, and to reduce the costs of chronic care. In fact, Neuron Guard aims to be the only device that can be used in every circumstance, inside and outside the hospital, and allow the user to fully manage the temperature of the patient warming and cooling as necessary. Our vision is to have a Neuron Guard kit in every public place just like the Automatic External Defibrillator (AED) to empower bystanders to immediately react in case of emergency. Under this perspective our device becomes a connected-intelligent platform that takes care of the patient, connects the scene with the Emergency Response System transmitting vital data to improve the readiness and effectiveness of professional intervention.The device is patented in Italy, USA and China. We have made several prototypes in collaboration with Italian and English companies, such as Tecno Elettra Impianti and TWI, tested it in laboratory and published the experimental results on the NeuroCritical Care Journal. We have also conducted a GAP Analysis with another English consulting firm (CDP) and we are testing the human prototype internally. We are seeking to raise 2.5M€ to complete the pre-industrialization, with design and construction of the human device for the pilot trial, finalized the regulatory clearance and launch it into the market in 2019.
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Intesa Sanpaolo
VC Fund · Torino, Piemonte, Italy · 2 investments in Italy Medical Device startups, 15 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: Italy, United Kingdom, United States

Investor stats

  • Total investments: 58
  • Round size: Seed $429k–$1.3M; Post-IPO Debt $7M–$763M; Debt Financing $536k–$1.3B
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Battistella — Battistella sells lumber, pine chips, sawdust, and pine logs. They serve both domestic and foreign markets. It exports its products worldwide. They engage in continuous recycling, which gives them the experience they need to satisfy the customs regulations of the various nations where they do business. They use the sawn pine wood that they processto make furniture and packaging.
  • Fincantieri — Fincantieri is one of the shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry’s sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions,systems and components production and after-sales services.
  • Selene — Selene produces FFS tubulars, FFS films, preformed bags, stretch hoods, and technical films for industrial applications.
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Atlante Ventures
VC Fund · Milano, Lombardia, Italy · 2 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Software, Biotechnology, Analytics
  • Stage:Series A, Seed
  • Geography: Italy, United States, Israel

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

Portfolio highlights

  • treet — Treet helps brands launch fully-branded recommerce sites where customers can buy & sell items from each other.
  • Newronika — Newronika restores brain and body functions with innovative technologies. We translate our deep knowledge on biosignal decoding into clinical practice, with the aim of improving treatments, health, and wellness. With our revolutionary brain devices, the patient receives the right stimulation at the right moment, thus becoming able to perform normaldaily activities and improve quality of life. Newronika is the spin-off company of two leading research institutions in Italy, the Fondazione IRCCS Ca' Granda Ospedale Maggiore Policlinico Hospital and the University of Milan. ​ Newronika comprises a multidisciplinary team formed from Neuroscience research groups and involves scientists with expertise in neurophysiology, neurology, biomedical engineering, neuropsychology, bioinformatics, and biotechnologies.
  • WISE — WISE (Wiringless Implantable Stretchable Electronics) is a start-up company created in 2011 with the mission of producing the new generation of leads for neuromodulation for treatment of chronic pain and Parkinson: unbreakable, less invasive and cheaper.
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Invitalia Ventures
VC Fund · Rome, Lazio, Italy · 2 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Software, Medical, Health Care
  • Stage:Series A, Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $643k–$1.6M; Series A $900k–$6M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Ecomate — The ESG Rating platform for every company
  • BigProfiles — A deep understanding of customers let a company tailor marketing campaigns and CRM strategies, but companies have only basic data about customers (e.g. gender or age). External data sources like Social Networks, Public Registries and Socio-Demographic data contain rich information about billions of people, like job titles, levels of education,interests and habits.BigProfiles is a Customer Intelligence SAAS that leverages external information about persons to enrich customer profiling: it can profile a company's customers with previously unknown information about them. Thanks to its Identity Resolution algorithm (the result of a PHD), it identifies a person’s information scattered among external sources.Through this technology, BigProfiles provides customer base analytics and behavior predictions: using Artificial Intelligence on enriched profiles allows to predict churn, fraud and willingness to buy.
  • Codemotion — Codemotion is the ecosystem devoted to innovation, focused on developers and coding, open to all programming languages and technologies. Pioneering spirits, it scout the future to deliver a first class experience to our people. Codemotion is one of the biggest tech-conferences in Europe, with an international network of 30.000 developers and 350speakers coming from all over the world and from the most important IT realities.Codemotion draw in its main conferences, thousands of attendees eager to discuss about hottest topics: it tailor for them disruptive proposals ranging from mobile to UX, develops, cloud, big data, gamedev, security, methods, languages, web, Internet of things. Codemotion is also a startup, providing a bunch of services and activities, for personal and business customers.
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UniCredit Group
VC Fund · Milan, Lombardia, Italy · 2 investments in Italy Medical Device startups, 13 in the past 12 months

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.

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Investment focus

  • Industry: Energy, Software, Financial Services
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Italy, Germany, Sweden

Investor stats

  • Total investments: 43
  • Round size: Post-IPO Debt $7M–$804M; Debt Financing $118k–$2B
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Edison Spa — Edison is Europe's oldest energy company, and one of the industry leaders in Italy and Europe. Discover all the activities we ar
  • Goglio Group — Goglio Group produces full trademark food packaging.
  • Casalasco Società Agricola — Casalasco Società Agricola is the supply network for the cultivation and processing of industrial tomatoes.
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Healthware Ventures
VC Fund · 2 investments in Italy Medical Device startups

Healthware Ventures is the corporate venture capital arm of Healthware Group

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Investment focus

  • Industry: Health Care, Personal Health, PaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, Austria, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $804k–$1.8M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • PatchAi — Improve patient engagement and experience in clinical trials and standard care. Discover Patchai solution.
  • 1000Farmacie — 1000Farmacie is the leading Pharmacy Marketplace in Italy. Though a network of independent Pharmacies we deliver faster!
  • YourCoach Health — Health and Wellness coach practice management solution enabling coaches to holistically lead their clients, connecting mind, body and soul through behavior modification and accountability tools towards outcomes
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Panakes Partners
VC Fund · Milano, Lombardia, Italy · 2 investments in Italy Medical Device startups

Panakes Partners is a venture capital investor that finances in medical companies, startups, and high growth SMEs in Europe and Israel. Advantages of the firm are broad network of business contacts and corporate relations, domain expertise, proactive portfolio management, and relationship with selected industrial partners. Investments of thecompany focus on medical devices, diagnostics, biotech for in-vitro diagnostics, IT healthcare, and medical services.Panakes Partners is an Italy-based company that was founded in 2015 by Alessio Beverina, Fabrizio Landi, and Diana Saraceni.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: Italy, Ireland, France

Investor stats

  • Total investments: 20
  • Round size: Series A $3.2M–$21M; Series B $8.8M–$75M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Allotex — Allotex offers therapeutic solutions for the treatment of presbyopia and hyperopia.
  • CarThera — Revolutionizing severe brain disease treatments
  • Neuromod Devices — Neuromod is a medical device company formed to advance the science of bi-modal neuromodulation.We are committed to delivering treatments that significantly reduce the suffering of underserved patient populations who live with chronic and debilitating conditions globally. Our goal is to design products that empower patients to take control oftheir own treatment, delivering targeted therapies that integrate seamlessly into a modern lifestyle.Neuromod has developed and patented a bi-modal neuromodulation technology that it is evaluating for neurological disorders including chronic tinnitus, a condition affecting 10% of the adult population and commonly known as 'ringing in the ears'.
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Eureka Venture
VC Fund · Milano, Lombardia, Italy · 2 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Nanotechnology, Renewable Energy, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 19
  • Round size: Seed $321k–$6.4M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • i-TES srl — i-TES is providing consulting and assistance. They reduce energy waste and optimism the management of the system with the i-TES PCM thermal coil. They provide services for the thermal accumulator, including assistance, maintenance, consulting, research, and development. They provide research and development activities in the field of thermalstorage with innovative materials.
  • Planckian — Charging the future by powering energy with science We explore frontiers of energy science by developing quantum...
  • BeDimensional — We produce graphene and others two-dimensional materials (2D) with few atomic layers. Find out more.
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Vertis SGR S.p.A.
VC Fund · Milan, Lombardia, Italy · 2 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Software, Biotechnology, Computer
  • Stage:Seed, Series A
  • Geography: Italy, United States

Investor stats

  • Total investments: 51
  • Round size: Seed $654k–$3.5M; Series A $1.4M–$4.9M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $35M in 2021

Portfolio highlights

  • NEWTWEN — We develop software that generates real-time embedded digital twin solutions for model predictive control and diagnostics of electromechanical systems, enhancing performance, longevity, and reliability. In essence, our toolchain creates a precise digital replica of a physical device, such as an electric motor or generator, in order to accuratelymodel the electrodynamic and thermodynamic behavior of the system across a wide range of operating conditions. We then apply our proprietary mathematical approach to exponentially reduce the computational complexity of this model—so much so, in fact, that our digital twin can be integrated into the device itself to compute in real-time, “on-chip,” as part of an amazingly fast and accurate firmware solution. By accurately predicting temperatures and other critical system parameters thousands of times per second, our Digital Twin On-Chip solutions not only provide unprecedented insight for real-time control techniques to enhance system performance, but also pave the way for data-as-a-service capabilities such as predictive maintenance, monitoring of component aging, and anomaly detection.
  • Coverzen — The digital office of insurers
  • Sibylla Biotech — Sibylla Biotech developed small molecule folding interfering degraders (FIDs) that can address a range of therapeutic areas.
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Fondazione Cottino
VC Fund · 1 investments in Italy Medical Device startups

Fondazione Cottino is support young people in their educational path and support for scientific research, technology transfer.

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Investment focus

  • Industry: Medical, mHealth, Diabetes
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • D-EYE — D-EYE's technology enables healthcare professionals all over the world to quickly screen for problems, photograph them and then distribute them digitally via various secure wireless solutions. They design and manufacture diagnostic instruments.
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Si14
VC Fund · Vicenza, Veneto, Italy · 1 investments in Italy Medical Device startups

Si14 is a visionary original design and development laboratory for novel technology products that enhance the way we live, work and play. Founded in 2008 and based in Padova, Italy, Si14 turns inspiration into the realization of compelling, cutting-edge products and services that help people connect with their activities and their world, empowerenterprises in realizing greater efficiencies, improve access to vital health screening services for millions worldwide, and much more.

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Investment focus

  • Industry: Medical, mHealth, Diabetes
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • D-EYE — D-EYE's technology enables healthcare professionals all over the world to quickly screen for problems, photograph them and then distribute them digitally via various secure wireless solutions. They design and manufacture diagnostic instruments.
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LIFTT
VC Fund · Turin, Piemonte, Italy · 1 investments in Italy Medical Device startups, 12 in the past 12 months

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

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom, Switzerland

Investor stats

  • Total investments: 47
  • Round size: Seed $268k–$3.2M; Series A $932k–$5.7M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • CellPly — Cellply is a life-science company focused on developing next-generation analytical tools enabling a deep characterization of cancer immunotherapies, cell therapies and cell-based biotherapeutics. The company aims to support the development of novel cancer immunotherapies by accelerating R&D, automating the quality control and advancing theability to monitor the clinical response to these treatments.Through the use of proprietary microfluidic technologies with Co-Culture Array technology, highly-automated analytical instruments and AI-powered image and data analytics, Cellply products define the function of the immune system one cell at a time, combining functional data with other multiplex data and providing unprecedented single-cell analytical solutions.
  • Test1 soultions — Test1 Solutions is an oil absorbent technique for hydrocarbons and their derivatives. They serve environmental clean up, oil spill clean up, hydrocarbon spills, geennovation, open cell oleophilic polyurethane foam with a hydrophobic effect, and hydrocarbon spills on water and land.
  • Comptek Solutions — Comptek Solutions' novel passivation technology - Kontrox - promotes surface crystalline oxide reconstructions on the surface of the III-V compound semiconductor materials, enabling unprecedented efficiency of devices and a significant reduction in manufacturing costs
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Italy Medical Device startups

RocaX > Is building a solid and much needed bridge for startups between the support offered by business angels and the upper stage VCs. Learn more!

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, Italy, Israel

Investor stats

  • Total investments: 30
  • Round size: Seed $150k–$2M; Pre-Seed $54k–$857k; Convertible Note $161k–$1.1M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • MOCAPP — Find influencers. Run campaigns. Get results.
  • Munevo — Munevo empowers people with disabilities by using smart and innovative technology.
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Global Payments SpA
VC Fund · 1 investments in Italy Medical Device startups

Global Payments SpA is a wholly-owned subsidiary of TAS Group.

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Investment focus

  • Industry: FinTech, Wearables, Biometrics
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Flywallet — Flywallet founded by Lorenzo Frollini at the end of 2018 together to Arianna Ludovica Frollini, Matteo Egidi e Alessandro Massimiani, is an innovative startup that connects payment, mobility and health services by enclosing them in a single ecosystem and putting safety first, thanks to biometrics and proprietary wearable and IoT technologies. Ithas created Keyble, a new type of wearable that adapts to the user's lifestyle, created with eco-sustainable materials and inspired by made-in-Italy fashion. It consists in a smart module which can be inserted into fashion accessories such as bracelets or watch straps and is equipped with biometric sensors for user authentication and to monitor their health. Through the fingerprint or heartbeat via ECG, the user enables payments in stores, passwordless access to online services, ticketing for public transport, loyalty cards, access to gyms, offices and homes, car door locks and digital identity. In Q1 2022, the wearable will reach the certification for medical device for performing the analysis of cardiac arrhythmias, blood oxygen saturation and body temperature. Flywallet offers a unique model of "Biometric Wearable Platform as Service" aimed to electronic money and payment institutions, banks, insurance companies and firms. The Flywallet Platform includes the world's 1st wallet for tokenizing payment cards on wearables equipped with biometric authentication and allows Partner companies to deliver new types of services through API connection in a simple and secure way.
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Fondazione Golinelli
VC Fund · Bologna, Emilia-Romagna, Italy · 1 investments in Italy Medical Device startups

Fondazione Golinelli was born in Bologna in 1988 by the will of the entrepreneur and philanthropist Marino Golinelli with the aim to promote education and training, to promote the culture, to foster intellectual growth and ethics of young people, the citizens of tomorrow.

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Investment focus

  • Industry: FinTech, Financial Services, AgTech
  • Stage:Seed, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 5
  • Round size: Seed $122k–$471k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Biorfarm — Adotta il tuo Albero, crea il tuo Campo Digitale e ricevi a domicilio la tua frutta biologica. Solo con Biorfarm puoi seguire la crescita dei tuoi frutti!
  • EvenFi — Criptalia uses blockchain technology to connect businesses that have projects to be funded with people and organizations who are looking for high-yield investments. We offer an online platform where companies publish their innovative ideas and industrial improvement projects. Investors, people, and institutions can fund these projects by lendingmoney in exchange for a higher interest rate.
  • Latitudo40 — We transform satellite images into useful insights, using AI & ML.
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Sistema Investimenti
VC Fund · Catania, Sicilia, Italy · 1 investments in Italy Medical Device startups

Sistema Investimenti is an holding in the form of SpA, established by the will of young professionals and entrepreneurs in Sicily. Sistema Investimenti focus on qualified minorities primarily in companies in the South of Italy with the exception of turnaround/restructuring and distressed.

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Investment focus

  • Industry: Mobile, Medical, Health Care
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 2
  • Round size: Seed $500k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pedius — Pedius is a communication system that allows deaf people to make normal phone calls. Use it in your everyday life to make important calls such as booking doctors appointments or making reservations, or to call family, friends and coworkers.Once you download the smartphone app you can start a conversation by either typing or speaking a message.The recipient will listen on their end and reply, and you will immediately read a transcription of what he or she just said. Pedius gives you the freedom to have real-time conversations when you need to call a plumber, book a table at your favourite restaurant, or talk to your doctor.The Pedius app is especially useful when you need to contact someone accessible only by phone, and it is an excellent help when you need to be careful about your privacy.
  • Angiodroid — Angiodroid srl, a medical technology company, focuses on hemodynamics, vascular surgery, and interventional radiology. It offers an automatic injection system for carbon dioxide angiography. Its products include carbon dioxide injector that is used as a contrast medium for pheriperal interventional angiography; and a single use kit, which iscomposed of French catheters and a custom connection line. The company is based in San Lazzaro di Savena, Italy.
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INGENIUM Emilia Romagna
VC Fund · 1 investments in Italy Medical Device startups

INGENIUM Emilia Romagna was started with EUR 5.30 million by the Emilia Romagna region and EUR 1.7 million from fund managers. Managed by META Investment, the nine-year fund operated through the temporary acquisition of minority stakes in high-opportunity technological companies. It is now fully invested.

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Investment focus

  • Industry: Medical, Health Care, Privacy
  • Stage:Seed, Angel
  • Geography: Italy

Investor stats

  • Total investments: 4
  • Round size: Seed $2M–$2.1M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • CellPly — Cellply is a life-science company focused on developing next-generation analytical tools enabling a deep characterization of cancer immunotherapies, cell therapies and cell-based biotherapeutics. The company aims to support the development of novel cancer immunotherapies by accelerating R&D, automating the quality control and advancing theability to monitor the clinical response to these treatments.Through the use of proprietary microfluidic technologies with Co-Culture Array technology, highly-automated analytical instruments and AI-powered image and data analytics, Cellply products define the function of the immune system one cell at a time, combining functional data with other multiplex data and providing unprecedented single-cell analytical solutions.
  • GreenBone Ortho — GreenBone Ortho was founded in Faenzato offer advanced and innovative solutions in the field of orthopaedics and bone regeneration, using the Rattan wood.
  • Angiodroid — Angiodroid srl, a medical technology company, focuses on hemodynamics, vascular surgery, and interventional radiology. It offers an automatic injection system for carbon dioxide angiography. Its products include carbon dioxide injector that is used as a contrast medium for pheriperal interventional angiography; and a single use kit, which iscomposed of French catheters and a custom connection line. The company is based in San Lazzaro di Savena, Italy.
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Amazon Alexa Fund
VC Fund · Seattle, Washington, United States · 1 investments in Italy Medical Device startups, 9 in the past 12 months

The Amazon Alexa Fund is Amazon’s venture capital fund investing in artificial intelligence, frontier tech, voice, robotics, and digital health across consumer and enterprise. We invest in early- to growth-stage companies globally. To learn more, visit us at alexafund.com.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet of Things
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 124
  • Round size: Seed $120k–$4.4M; Series A $5.6M–$22M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Span.IO — Span reinvented the electrical panel. Control every circuit in your home from your phone. Contact us!
  • Hyper — Hyper is an avatar-based social network. We're building the metaverse.
  • Scriptic — Scriptic, interactive story games on mobile.
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Omnes Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in Italy Medical Device startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Series B
  • Geography: France, United States, Belgium

Investor stats

  • Total investments: 152
  • Round size: Series A $3.2M–$21M; Series B $4M–$37M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $407M in 2020

Portfolio highlights

  • Iktos — Iktos is the only company to offer generative modeling with built-in synthetic accessibility for successful drug discovery
  • DiogenX — We incorporated DiogenX with the objective to provide new therapeutic solutions for diabetic patients. With Patrick Collombat and the team, we are focused on developing a first-in-class regenerative treatment for type 1 diabetes. Benjamin Charles CEO See the team News See more Our Work OUR APPROACH ABOUT DIABETES
  • The Exploration Company — For Space & Non-Space Industries.
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Green Arrow Capital
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Medical Device startups

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.

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Investor stats

  • Total investments: 7
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cogisen — Cogisen develops artificial intelligence solutions. It offers SENCOGI, an eye-tracking software for smartphones/mobile phones. Chiara Passacantilli and Christiaan Erik Rijnders founded Cogisen in 2009. Its headquarters is in Naples in Italy.
  • Directa Plus — Directa Plus is a nanotechnology company, manufactures nanoparticles.
  • Glomeria Therapeutics — Glomeria Therapeutics researches, develops, and markets new medical devices for the treatment of serious diseases in the nephrological area. It offers DesmoPD, peritoneal dialysis connection system; SmartPD, an automated management device for peritoneal dialysis solutions to be instilled in peritoneum; and solutions for peritoneal dialysis.Andrea Zanella founded Glomeria Therapeutics in 2010. Its headquarters is in Chieti in Italy.
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Avanzi Etica Sicaf EuVECA
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Fashion, Wellness, Recycling
  • Stage:Seed, Series A
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Round size: Seed $643k–$964k
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Euleria Health — Devices and technologies for more accessible and measurable rehabilitation and telerehabilitation at the service of clinics and movement experts, in the clinic and at home.
  • Ricehouse — Ricehouse uses organic residues, such as rice straw, husk and chaff, from the rice industry and creates natural construction materials.
  • greenchic — A pioneer of the circular economy, greenchic is the number 1 fashion-logistics startup in Southern Europe. Send us what you wish to swap, and immediately start buying with our reward points system. Thanks to this effortless service model, greenchic offers the fastest DTC way to regain value from no longer used clothing. Through greenchic, memberscan exchange items and revamp their style in an affordable, convenient and sustainable way. With 99% of the products sold, reused, upcycled, or donated to charities within 6 months, greenchic is set to become a European leader in circular fashion. With its growing user base, the highest customer retention rate in fashion recommerce, a 4.5-star TrustPilot rating, the platform offers to its highly engaged community a collection of more than 240.000 items. Thanks to a semi-automated logistic warehouse, an event-driven serverless digital platform, and its own digital token, the startup is experiencing a 2X growth pattern and is supported by some of the best investors from the Italian fashion & social impact scene.greenchic is now operating in Italy and France.Find out more by visiting greenchic.com and following @greenchic on socials.
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UV-Cap
VC Fund · Ravensburg, Baden-Wurttemberg, Germany · 1 investments in Italy Medical Device startups

UV-Cap is a German family office that invests in mid-size cooperations that have great potential in their markets in the "b-to-b" business. It is based in Ravensburg, Germany.

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Investment focus

  • Industry: Personal Health, Big Data, Wellness
  • Stage:Seed, Series A
  • Geography: Italy, Germany

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • PatchAi — Improve patient engagement and experience in clinical trials and standard care. Discover Patchai solution.
  • Perfood — Perfood is a digital therapeutic startup that identifies what actions need to take on a personalized level, to prevent or fight diseases. Using sensors, lab results, and holistic analyses, they derive therapeutic angles and deliver them in a slick, easy-to-use way, making them accessible for all patients. They call this approach digitaltherapeutics. A digital solution that is just as effective as a drug. But without side effects.
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EASME - EU Executive Agency for SMEs
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Italy Medical Device startups

Executive Agency for SMEs

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Seed
  • Geography: Spain, Switzerland, United Kingdom

Investor stats

  • Total investments: 162
  • Round size: Seed $54k–$200k; Grant $54k–$2.7M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • AGADE — AGADE specialising in robotic exoskeletons. The company created its first product, AGADEXO, which can significantly reduce muscle fatigue and the risk of injury associated with repetitive and dynamic activities. They provide variable support, eliminating the effect of gravity on human limbs and allowing movements comparable to those possible in azero-g environment.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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Rancilio Cube
VC Fund · Milano, Lombardia, Italy · 1 investments in Italy Medical Device startups

Cube is the investment office founded by Rancilio family

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Italy, Germany

Investor stats

  • Total investments: 66
  • Round size: Seed $54k–$1.2M; Series A $1.7M–$16M; Series B $2.1M–$16M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Convoy — Convoy uses technology to make freight more efficient, reduce shippers' costs, increase carriers' earnings, and eliminate carbon emissions.
  • FinCompare - Smarter Business Finance — FinCompare was founded by Stephan Heller and is a fintech startup that helps businesses to find, compare, and close the financing solutions. Via the online platform, companies can access a wide range of financing options. They can independently compare offers from well-known banks, fintechs, and alternative financial services providers in Germanyand close the financing. The company also offers a convenient one-stop destination for all financing questions relating to the company.FinCompare financing solutions including corporate loan, factoring, company leasing/hire purchase, warehouse financing, fine trading/purchase financing, and mezzanine capital. It simplifies the financing process with its digital application process and can thus provide your company financing. The company allows SMEs to receive and compare various offers for loans.FinCompare was founded in October 2016 by Stephan Heller and is headquartered in Berlin, Germany.
  • Finom — Finom combines digital business account benefits with multiple services to provide financial solutions for entrepreneurs, self-employed, and freelancers. It pulls together accounting, financial management, and banking functions for early-stage businesses and SMEs into one mobile-first product.Founded in 2019, Finom is headquartered in Amsterdam,The Netherlands.
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Andera Partners
VC Fund · Paris, Ile-de-France, France · 1 investments in Italy Medical Device startups, 9 in the past 12 months

Andera Partners, formerly known as Edmond de Rothschild Investment Partners (EdRIP) As heir to the traditions and values that have ensured the success of the Rothschild family for 250 years, the Edmond de Rothschild Group has established itself over time as a leading player in European finance. Its activities are grouped around two major areas:Private Banking and Asset Management. The Group offers wealthy families, entrepreneurs, and large institutions a full range of solutions combining a culture of tailored solutions, stability, performance, and innovation. The Edmond de Rothschild Group’s offering is characterised by strong convictions, with the desire to guarantee to each of its customers: A unique, close relationship, underpinned by the know-how and the variety of expertise of a large international group; Autonomous, experienced teams, who anticipate economic trends and innovate to establish long-term performance; The recognised stability, strength, and independence of a family-owned financial group. Founded by Baron Edmond de Rothschild in 1953, the Group has been chaired by his son, Baron Benjamin de Rothschild, since 1997.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Private Equity
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 146
  • Round size: Series B $11M–$75M; Private Equity $107M–$241M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Evommune — Evommune is taking a tissue-based approach to advance insights and accelerate the development of transformative medicines in inflammatory diseases.
  • Crescendo Biologics — Crescendo Biologics is a new Cambridge-based company whose vision is to deliver next-generation antibody therapeutics based on novel class-leading platforms.The focus of the company is on developing platforms that will address key issues in generating high-affinity, soluble, human VH antibody fragments. These are the smallest fragments thatretain antibody binding, and have many desirable properties as potential therapeutics. Crescendo will then utilise these platforms for product development of in-house targets or in partnership with other companies.
  • Ariceum Therapeutics — Ariceum Therapeutics focuses on diagnosis and precision treatment of neuroendocrine and certain other aggressive, hard-to-treat cancers.
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RedSeed Ventures
VC Fund · Milano, Lombardia, Italy · 1 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Retail, Crowdsourcing, Information Technology
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $654k–$1.1M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Dianax — Milan-based Dianax was founded in 2013 starting from a group scientists led by Eugenio Iannone and Maurizio Moroni and by a few angel investors orchestrated by Gabriele Bavagnoli. Dianax mission is to develop and manufacture labs-on-chip aiming to trasform protein-based diagnostics and make it prompt, easy to use, inexpensive and reliableTheDianax novel technology is designed to make precise diagnostic results convenient, easily accessible, and affordable to patients and healthcare professionals, to empower them to effective prevention, ongoing accurate management and timely emergency treatment.The Dianax technology is the first ever application to diagnostics of a combination of microfluidic innovations and electrochemistry detection systems.Dianax was founded by Eugenio Iannone and his partners to pursue technical and market opportunities based on proprietary, independent research.
  • Leaf Space — Leaf Space aims to become a global leading service provider in the new, emerging microsatellite market by developing a technology platform providing all basic services required by microsatellite operators.
  • WIB Machines — Smart vending machines and smart lockers manufacturer pioneering smart, web-based retail automation globally. Patented solutions enabling next-gen retail.
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Fountain Healthcare Partners
VC Fund · Dublin, Dublin, Ireland · 1 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Ireland, United States, France

Investor stats

  • Total investments: 40
  • Round size: Series A $6.4M–$24M; Series B $5.4M–$48M; Series C $3.2M–$55M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • MMI — The future of Microsurgery: microinstruments that expand the possibilities of surgical interventions. Wristed robotic microinstruments for unprecedented results in microsurgery.
  • Vivasure Medical — Medical device company developing a closure device for vascular access procedures.
  • Ermium Therapeutics — Ermium Therapeutics is a biotech company developing innovative therapies for auto-immune diseases, based on a breakthrough discovery showing that CXCR4 is a master regulator of inflammation.
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Club degli Investitori
VC Fund · Torino, Piemonte, Italy · 1 investments in Italy Medical Device startups, 8 in the past 12 months

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.

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Investment focus

  • Industry: E-Commerce, Health Care, Software
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom, Israel

Investor stats

  • Total investments: 79
  • Round size: Seed $193k–$3.9M; Series A $321k–$10M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Largix — Largix is the first company to develop and commercially produce 3D Robotic Printers for real production processes. We have invented the "Cold 3D Printing®" technology that makes 3DP possible for real industrial production. Largix uses the most common thermoplastic polymers: Polypropylene and Polyethylene, polymers that nobody else iscapable of printing.
  • TextYess — Increase your eCommerce Retention with a Frictionless Experience.
  • Electra Vehicles — Control, Analyze, & Design Innovative Battery Packs using Electra Vehicles' EVE-Ai 360 Adaptive Controls and Analytics and EnPower Design.
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Equiter
VC Fund · Turin, Piemonte, Italy · 1 investments in Italy Medical Device startups

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

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Investment focus

  • Industry: Medical, Health Care, Information Technology
  • Stage:Seed, Series B, Convertible Note
  • Geography: Italy

Investor stats

  • Total investments: 4
  • Round size: Seed $3.2M–$3.8M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • AWorld — AWorld is The Sustainability Platform and Mobile App chosen by the United Nations to support the ActNow Campaign.
  • Medics — 3D anatomical modeling per la pianificazione pre-operatoria e il supporto intra-operatorio delle chirurgie complesse.
  • BionIT Labs — We apply IT to Bionics in order to Turn disabilities into New Possibilities
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Sviluppo Imprese Centro Italia
VC Fund · Firenze, Toscana, Italy · 1 investments in Italy Medical Device startups

Sviluppo Imprese Centro Italia is an independent asset management company founded in Florence in 1998. Active in the Private Equity and Venture Capital sector, it currently manages four closed-end funds for a total value of around 140 million euro and has already carried out numerous operations. in the capital of companies operating in variousindustrial sectors, from the most traditional to high-tech. The mission of SICI is to encourage the development of unlisted SMEs in Central Italy through the contribution of financial resources intended to strengthen their capital and financial structure. SICI intends to represent a Growth Partner for the investee companies and a strategic operator in the creation of value for the territory with an impact on the economic and social fabric in terms of competitiveness of the economic system, employment, entrepreneurial and managerial culture. Business Development Central Italy is an independent Italian managing closed-end funds company. Established in Florence in 1998, SICI has 4 Private Equity and Venture funds under management with a total committed capital of 140m Euros.

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Investment focus

  • Industry: Travel, Medical, Hospital
  • Stage:Seed, Angel, Series A
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vino.com — The best red wines, white wines, sparkling wines, champagne, franciacorta and spirits. Vino.com is the most loved online wine shop in Italy. Famous Italian and international wines for sale.
  • Winmedical — WinMedical brings to the market a modular, scalable and easy to use platform to continuously monitor vital signs of the Patient in hospital and at home: WINPACK.WinPack is the leading wearable modular device for real-time, continuous and simultaneous vital signs monitoring in non-critical care units and at home, offering: Continuous NonInvasive Blood Pressure – cNIPB, 5-Lead ECG, Heart Rate, Pulse Rate, SpO2, Body Temperature, Posture, and Respiration Rate. It is comfortable to wear, easy to use and lightweight. WinPack’s sensor modules enable monitoring of vital signs via Bluetooth or Wi-Fi while customizable alert settings allow early detection of Patient deterioration.WinPack keeps Patients continuously monitored by the medical staff - anytime and anywhere, whether in hospital or at home while offering an effective cost-reduction solution to healthcare providers.WinPack is the first customizable hardware and software solution for any hospital department, and delivers an increase in efficiency and effectiveness of clinical workflows. WinPack has been proven to generate costs savings and increase clinical efficiency for hospitals through several case studies, as well as through its use in hospital departments including: General Medicine, Haematology, Infectious Diseases, Pneumatology, Nuclear Medicine, Oncology, Post Surgical, Gastroenterology and Internal Medicine.WinPack allows:-> Better Patient care-> Valuable cost reductions for healthcare providers-> Significant reduction of clinical risks-> Considerable reduction of the medical professional liability and litigation risks-> Seamless continuum of care from hospital to home through better care coordination and clinical collaboration By connecting doctors, Nurses and Patients, WinPack improves the quality and turnaround time of the care of adults, infants and paediatric Patients in hospital and at home whether in bed or out of bed. Doctors and Nurses may access Patient’s data at anytime using our user friendly software solution on their PCs, Notebooks, Tablets and Smartphones.
  • Parking My Car — Parking My Car offers transportation services.
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SFEM Italia
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Medical Device startups

SFEM Italia is a family office that chooses, manages, and oversees the investments of the Stevanato Family. SFEM is dedicated to the management of all non-core investments for the group including alternative investments such as real estate, private equity, and venture capital. It was founded in 2012 and is headquartered in Milan, Italy.

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Investment focus

  • Industry: Big Data, Health Care, Medical Device
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • PatchAi — Improve patient engagement and experience in clinical trials and standard care. Discover Patchai solution.
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GM&C Life Sciences Fund
VC Fund · Alderley Edge, Cheshire, United Kingdom · 1 investments in Italy Medical Device startups

The GM&C Life Sciences Fund is a seed and early stage venture capital fund targeting life sciences businesses located in the Greater Manchester and Cheshire & Warrington region. The Fund is managed by Catapult Venture Managers ("Catapult Ventures").The Fund is based at Alderley Park, which is well recognised as a site ofnational importance, being the largest life sciences campus of its kind in the UK with more than 500,000 sq. ft. of top-end laboratory and related space and facilities. Until recently, the Park was the R&D headquarters for AstraZeneca.Since 2002, Catapult Ventures has backed a significant number of companies across a broad range of life sciences, including therapeutics (such as Abzena and Oxford BioTherapeutics), medical devices (such as Monica Healthcare and Probe Scientific), contract research organisations (such as R5 Pharmaceuticals and FDAS), diagnostics developers (such as Lumora and Biofortuna), as well as developers of technology used in healthcare applications (such as Oxford Cryosystems and Accutronics). The Fund is the result of a collaboration between Cheshire and Warrington Enterprise Partnership, Greater Manchester Combined Authority, Cheshire East Council, and Manchester Science Partnerships.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: United Kingdom, Italy, Germany

Investor stats

  • Total investments: 32
  • Round size: Seed $61k–$903k
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • ScubaTx — ScubaTx is a breakthrough organ preservation device organ transplant. The ScubaTx device will leverage world-leading expertise in software design to commercialise a proven but unexploited organ preservation technique, Persufflation. ScubaTx will offer healthcare providers significant net savings, an
  • Flynotes — Flynotes is a digital software platform helping dentists deliver personalised patient care
  • QV Bioelectronics — Manchester-based start-up QV Bioelectronics is developing innovative electrotherapy devices for the treatment of certain types of brain tumours.
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Italian Angels for Biotech
VC Fund · 1 investments in Italy Medical Device startups

Angel group focuses on biotech

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Investment focus

  • Industry: Health Care, Biotechnology, Pharmaceutical
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • MgShell — MgShell offers intraocular devices for the treatment of age-related macular degeneration and other ocular diseases. Their technology is the only technical solution capable of replicating current clinical practice with a single injection and releasing the same therapeutic drug doses at predetermined periods, autonomously and without surgicalprocedures.
  • CaSRevolution — A novel disease-modifying approach against neurodegeneration
  • Metis Precision Medicine — Metis Precision Medicine is a B-Corp founded with the vision of bringing powerful cancer therapies to patients in need. Metis owns the intellectual property of a suite of anti-Met monoclonal antibodies (mAbs), with different and unique mechanisms of action, and is currently seeking investors, biotech or pharmaceutical companies interested inacquiring the relevant platform technology on a global basis.
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Indaco Venture Partners
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Medical Device startups

VENTURE We invest across all sectors with specific focus on technology and digital The largest independent more About Us Portfolio [...]

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Series A $1.5M–$9M; Series B $8.6M–$47M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Easy Rain — We are Easyrain. Continuous innovation runs in our blood.With our expertise, we develop, simulate, and test solutions, launching our ideas into production. We exploit the basic laws of physics to engineer a tangible solution!
  • Sibylla Biotech — Sibylla Biotech developed small molecule folding interfering degraders (FIDs) that can address a range of therapeutic areas.
  • Alia Therapeutics — Alia Therapeutics is developing next-generation gene-editing medicines to cure rare genetic diseases.
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Estor
VC Fund · 1 investments in Italy Medical Device startups

Estor is a Investment Firm.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Endostart — Endostart development and manufacturing of a new generation medical devices for gastrointestinal endoscopy.
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Spindial Group
VC Fund · 1 investments in Italy Medical Device startups

Spindial Group

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Investment focus

  • Industry: Medical, Health Care, Biotechnology
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Glomeria Therapeutics — Glomeria Therapeutics researches, develops, and markets new medical devices for the treatment of serious diseases in the nephrological area. It offers DesmoPD, peritoneal dialysis connection system; SmartPD, an automated management device for peritoneal dialysis solutions to be instilled in peritoneum; and solutions for peritoneal dialysis.Andrea Zanella founded Glomeria Therapeutics in 2010. Its headquarters is in Chieti in Italy.
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F3F
VC Fund · 1 investments in Italy Medical Device startups

Investment focus

  • Industry: Hardware, Hospital, Software
  • Stage:Series A, Series C
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Newronika — Newronika restores brain and body functions with innovative technologies. We translate our deep knowledge on biosignal decoding into clinical practice, with the aim of improving treatments, health, and wellness. With our revolutionary brain devices, the patient receives the right stimulation at the right moment, thus becoming able to perform normaldaily activities and improve quality of life. Newronika is the spin-off company of two leading research institutions in Italy, the Fondazione IRCCS Ca' Granda Ospedale Maggiore Policlinico Hospital and the University of Milan. ​ Newronika comprises a multidisciplinary team formed from Neuroscience research groups and involves scientists with expertise in neurophysiology, neurology, biomedical engineering, neuropsychology, bioinformatics, and biotechnologies.
  • WISE — WISE (Wiringless Implantable Stretchable Electronics) is a start-up company created in 2011 with the mission of producing the new generation of leads for neuromodulation for treatment of chronic pain and Parkinson: unbreakable, less invasive and cheaper.
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Embed Capital
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Information Technology, Health Care, Mobile
  • Stage:Seed, Pre-Seed
  • Geography: Italy, Switzerland, United Kingdom

Investor stats

  • Total investments: 17
  • Round size: Seed $129k–$2M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Piantando — Piantando sells plants connected to initiatives for the preservation of the planet engaged in the following areas: land, water, climate, biodiversity and local communities. Each plant is equivalent to a transparent and unique contribution, destined to an initiative certified by our Value Chain. Everyone become ambassadors of a new way of livinggreen and understanding their commitment to the planet.
  • FrescoFrigo - Healthy food close to you — FrescoFRIGO is a smart fridge with fresh and quality products designed for the needs of worker. Improve everyday lifestyle, through automated proximity selling of good, fresh and healthy product, innovating technology and user experience.
  • The Nemesis — The Nemesis is the Metaverse for the mass market: virtual worlds, adventures, gaming Play & Earn and amazing experiences.
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I.A.C.E.R. srl
VC Fund · 1 investments in Italy Medical Device startups

Manufacturer of medical devices for home rehabilitation

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Investment focus

  • Industry: Wellness, Health Care, Medical Device
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Euleria Health — Devices and technologies for more accessible and measurable rehabilitation and telerehabilitation at the service of clinics and movement experts, in the clinic and at home.
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Lazio Innova
VC Fund · Rome, Lazio, Italy · 1 investments in Italy Medical Device startups

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.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Italy, United Kingdom

Investor stats

  • Total investments: 18
  • Round size: Seed $188k–$1.3M; Grant $27k–$32k; Pre-Seed $54k–$536k
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $24M in 2018

Portfolio highlights

  • CyLock — CyLock anti-hacker is a software designed to defend systems from hacker attacks, identifying weaknesses in their systems and websites, and providing information to address vulnerabilities used by the cybercriminal to access their computers. Through CyLock's Anti-Hacker system, small and medium-sized businesses will be able to test theirdigital defences to identify and eliminate vulnerabilities in websites, e-commerce sites, apps, e-mails, information systems, corporate networks, servers, and IoT. Companies that do not periodically test their digital tools and their staff skills are more exposed to cyber attacks, which turn into business interruptions, document loss, e-commerce, and online payments breakdown.
  • Medicud — Medicud develops a device for treating wounds with negative pressure dressing.
  • Rocky — Grow your mindset with the AI coaching chat in just 5 minutes of daily self-improvement sessions to be truly successful.
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Bios Line Holding
VC Fund · 1 investments in Italy Medical Device startups

investment firm

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Investment focus

  • Industry: Sports, Leisure, E-Commerce
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • MgShell — MgShell offers intraocular devices for the treatment of age-related macular degeneration and other ocular diseases. Their technology is the only technical solution capable of replicating current clinical practice with a single injection and releasing the same therapeutic drug doses at predetermined periods, autonomously and without surgicalprocedures.
  • Freedome — Freedome is the leading marketplace for outdoor activities in Italy
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Medical Device VC funding in Italy at a glance

Stats across 60 deals from 68 investors.

68
investors
in Italy Medical Device startups
60
deals
in Italy Medical Device startups
$1.2M
median round
in Italy Medical Device startups
43%
lead investors
lead at least one round
42%
Seed
most common funding stage

Access all 68 VC funds in Italy Medical Device startups.

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