# Top 50 Proptech VC (Venture Capital) Funds in Italy in October 2023

## Rancilio Cube
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Software, Financial Services

Cube is the investment office founded by Rancilio family

## CDP Venture Capital
- Type: VC Fund
- Location: Rome, Lazio, Italy
- Relevant deals: 5
- 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.

## Boost Heroes
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Apps

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

## Italian Angels for Growth
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 3
- 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.

## IH1
- Type: VC Fund
- Relevant deals: 3
- Stages: Pre-Seed, Convertible Note
- Focus: Real Estate, Online Portals, Venture Capital

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## Club degli Investitori
- Type: VC Fund
- Location: Torino, Piemonte, Italy
- Relevant deals: 3
- 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.

## United Ventures
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, Financial Services, FinTech

We are an independent Venture Capitalfirm supporting visionary entrepreneurs toreinvent industries through technology.

## 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.

## Picus Capital
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Software

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

## 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.

## 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

## Gabetti
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Internet, Marketing, Real Estate

Real Estate

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

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

## Banco BPM
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Debt Financing, Pre-Seed, Series A
- Focus: Manufacturing, Renewable Energy, E-Commerce

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

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

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

## illimity
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Debt Financing
- Focus: Art, Home Decor

illimity is a banking startup with a highly innovative and highly technological business model.

## Loric Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Real Estate, Financial Services, FinTech

Technology is transforming the way we live, work and play.
Loric Ventures invests in innovative and disruptive solutions globally, with a focus on fin- and urbantech and impact.

## VAM Investments
- Type: VC Fund
- Location: Esch-sur-alzette, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Private Equity, Seed
- Focus: Fashion, Music, Dental

Siamo una partnership di imprenditori, manager e professionisti di Private Equity che investono

## Tamburi Investment Partners
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Events, Fashion, Textiles

TIP is an investment-merchant bank focused on medium-sized Italian companies.


## Fondazione Golinelli
- Type: VC Fund
- Location: Bologna, Emilia-Romagna, Italy
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: FinTech, Financial Services, AgTech

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.

## Invitalia
- Type: VC Fund
- Location: Roma, Lazio, Italy
- Relevant deals: 1
- 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.

## P101
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- 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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## Atlante Ventures
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- 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

## Sapra Elettronica
- Type: VC Fund
- Location: Magnago, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Smart Home, Product Design, Smart Building

SAPRA elettronica is a plans, develops, and implements hardware and software solutions.

## InnoVaventures
- Type: VC Fund
- Location: Westerham, Kent, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: AgTech, Sensor, Farming

innova.ventures is a globally active management consulting firm.

## ScaleIT Ventures
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Series A
- Focus: Jewelry, Handmade, E-Commerce

ScaleIT Ventures is the investment arm of the platform-event selecting every year the top digital and sw scaleups from Italy and SE Europe

## Doorway Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Food and Beverage, E-Commerce, Marketplace

Doorway Capital is an independent provider of risk capital to law firms. It offers facilities of between £50,000 and £20 million to firms authorized by the SRA to practice law in England and Wales. These facilities can be used to fund disbursements, acquisitions, lock-up, tax liabilities, or anything else. It also purchases paid disbursements fromlaw firms for up to 80% of their face value. These means capital earning little or no return can be redeployed into more profitable activities of the firm or returned to its partners.Doorway Capital was founded in 2015 and is headquartered in London, England.

## 4impact
- Type: VC Fund
- Location: Netherlands, Missouri, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Marketplace

4impact was born out of our desire to increase the purpose of our work and help us give back. By backing tech4good technology startups with knowledge, experience, network, and funding, we can be a catalyst to a sustainable world.

## SMPI Group
- Type: VC Fund
- Location: Gallarate, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Smart Home, Product Design, Smart Building

Smpi Group is a marketing and public relation company, that provides sales, marketing, startup and public relations services.

## Vertis Venture 3 Tech Transfer
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Social, Hardware, Software

Vertis is a dynamic and independent investment management company authorised by Bank of Italy.

## Exor Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Seed, Pre-Seed
- Focus: Health Care, Software, FinTech

With EXOR Seeds, We have reconnected with our entrepreneurial roots and long history of innovation.
We look for exceptional founders, with the ambition to build great businesses in their field. EXOR Seeds offers a truly different type of partnership to the select group of entrepreneurs that it backs:- As a fifth-generation family-ledbusiness, we proved that we are builders not traders;- Our permanent capital allows us to take a long-term view and put the interest of the companies We invest in first;- Our global network, across industries and geographies, is a unique advantage to entrepreneurs

## ALIcrowd
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Marketing, Real Estate, Property Management

ALIcrowd is an investment fund by Azimut Investments SA Venture that allows private investors to invest on startups and SMEs.

## Club Italia Investimenti 2
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- 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.

## Antlia
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Internet, Marketing, Real Estate

Information technology solutions

## 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.

## NovaCapital
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: Software, SaaS, Semiconductor

NovaCapital invests in the union between entrepreneurs and innovation. It offers international and managerial experience, to transform innovative start-ups and already established companies into structured companies, with managerial skills and an international network.

## Wellness Holding
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Fitness, Wellness, Photography

Wellness Holding

## Women Angels
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Legal, Mobile, Consumer

Women Angels, LLC, based in Miami, Florida (with sister chapters around the United States) and is comprised of a group of qualified women investors who invest through Women Angels LLC only in majority women-owned companies. The group holds regular dinner meetings to review promising investment opportunities.

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

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

## Fnm
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- Stages: Series A
- Focus: Travel, Events, Sports

Fnm is a transport & mobility Group & non-state investor that is responsible to manage and coordinate its subsidiaries.

## 3LB Seed Capital Srl
- Type: VC Fund
- Location: Torino, Piemonte, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: E-Commerce, Information Technology, B2B

3LB Seed Capital is not an alternative to start-ups incubators and accelerators, rather acts as a complementary reality that helps to enhance your project in terms of attractiveness for the investor and venture capital market.As investors they are the first willing to know if your project has what it takes to grow successfully. If they areconvinced of your potential, they are ready to bet on you, by joining you and helping you to develop your project.3LB Seed Capital does not provide a percentage of equity in exchange for accompanying activities, but relies exclusively on a premium at the time of its first direct investment in your company.

## Ligurcapital SpA
- Type: VC Fund
- Location: Genoa, Liguria, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Fashion, Internet, Fitness

Ligurcapital is a public and private joint venture that offers equity financing to companies in Liguria, Italy.

## Your Voice SPA
- Type: VC Fund
- Relevant deals: 1
- Stages: Angel
- Focus: Automotive, Smart Home, Cloud Computing

Your Voice is the leading Italian organisation of Cloud multi-channel, automated and interactive communication services.

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

Novum Capital Partners is a Swiss multi-family office.

## UniCredit Group
- Type: VC Fund
- Location: Milan, Lombardia, Italy
- Relevant deals: 1
- 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.

## EASME - EU Executive Agency for SMEs
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Grant, Seed
- Focus: Biotechnology, Health Care, Software

Executive Agency for SMEs

## Fondamenta SGR
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 1
- Focus: Chemical, Construction, Manufacturing

Fondamenta SGR is a private equity and venture capital firm investing in growth capital, distressed assets and mature investments.

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

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

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

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

## Oxy Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Private Equity
- Focus: VoIP, Software, Wireless

Oxy is the company the first Private Equity in Portugal to create a co-investment program at the company level.

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