# Top 40 Travel Startup Investors in Italy in May 2026 ## Italian Angels for Growth - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 5 - Stages: Seed, Angel - Focus: Software, E-Commerce, Health Care IAG is an angel investor network that offers access to its affiliates to early-stage venture opportunities. Its members to date have deployed over 22 million Euros to support 41 startups in the series seed/series A stage in many verticals, among which: Medtech, SAAS, e-commerce, Fintech, and high tech at large. Every investment opportunityat IAG is vetted by a professional team together with expert members of the group. Once invested, the company receives the support of up to two Investment champions, who bring their expertise to the table and help them succeed. ## P101 - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 4 - 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. Agreement to handle personal data I agree I don't agree ## CDP Venture Capital - Type: VC Fund - Location: Rome, Lazio, Italy - Relevant deals: 4 - 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. ## Federico González Tejera - Type: Angel - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Travel, Software, Travel Agency Federico González is the Founder at Radisson Hotel Group. ## Alma Mundi Ventures - Type: VC Fund - Location: Madrid, Madrid, Spain - Relevant deals: 3 - Stages: Series A, Seed - Focus: Software, InsurTech, Insurance We back bold and purpose-driven founders. ## Primo Ventures - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Information Technology, Aerospace Primo Ventures is a venture capital firm focused on seed and early stage startups. The firm manages two funds focused on the digital sector and one fund specializing in the new space economy. ## Fnm - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 2 - 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. ## Pi Campus - Type: VC Fund - Location: Rome, Lazio, Italy - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Mobile, Biotechnology Pi Campus is a startup district and a venture fund that invests in talent. We provide startups with money, mentorship and the best work environment for growth. ## United Ventures - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 2 - Stages: Series A, Seed - Focus: Software, Financial Services, FinTech We are an independent Venture Capitalfirm supporting visionary entrepreneurs toreinvent industries through technology. ## Club Italia Investimenti 2 - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 2 - 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. ## Principia SGR - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 2 - Stages: Series A, Seed - Focus: Health Care, Biotechnology, Software Principia is an Italian Venture Capital firm with over Eur 80M under management. Currently Principia has two funds investing in digital start ups and expansion capital opportunities and in particular cases, we invest also in seed opportunities. ## Andrea Dusi - Type: Angel - Location: Verona, Veneto, Italy - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Biotechnology, Health Care, Information Technology Entrepreneur and investor. After working in management consulting, in 2006 he created Wish Days, known above all for the Emozione3 gift boxes. In April 2016, he sold the company to the Smartbox group with a millionaire exit. In 2017, together with Cristina Pozzi, already a partner in Wish Days he founded Impactscool.He is advisor of dozens oftechnological initiatives and business angels in 150+ startups focusing on clean tech.He is the author of the book “Come far fallire una startup ed essere fellici” – How to make a startup fail and be happy, published by Bompiani, Bestseller in 2018. ## BayBG Venture Capital - Type: VC Fund - Location: München, Bayern, Germany - Relevant deals: 1 - Stages: Series A, Series B - Focus: Software, Information Technology, Health Care Innovative post-revenue startups with first customers trust us as highly reliable investors. We have been an active player in the venture capital market for over 25 years. Due to our evergreen approach, we offer institutional venture capital without the limitations of the usual fund structure. Predominantly we invest straight equity. Additionally,we can offer venture debt to mature startups close to break-even in order to avoid further dilution for founders. Being a private investment company we act as both lead investor or co-investor. We can also fulfill the private lead investor role for public investors like Bayern Kapital. Together we are increasing YOUR company's value. ## 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. ## Giovanni Gardelli - Type: Angel - Location: San Francisco Bay Area, California, United States - Relevant deals: 1 - Stages: Seed, Angel - Focus: E-Commerce, Fashion, Software Giovanni Gardelli is the Senior Director at Verizon Media. ## Mario Mariani - Type: Angel - Location: Cagliari, Sardegna, Italy - Relevant deals: 1 - Stages: Seed, Angel - Focus: Apps, SaaS, Mobile Mario Mariani - Partner @ United Ventures ## 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. ## Maurizio Donadelli - Type: Angel - Location: Altino, Veneto, Italy - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Analytics, Retail, E-Commerce Maurizio Donadelli ## Luca Ascani - Type: Angel - Location: Rome, Lazio, Italy - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, FinTech, Financial Services Luca is founder and CEO of Lambda Alpha, an investment company focused on early stage investment. Its portfolio includes Bear, the Apple Design Award winner notes app, Fintechs as Lendable and Emma App in London, Mansa in Paris and ScalaPay as well as autonomous robots Gideon Brothers and automated pasta restaurant Cala. Recent investmentsincludes Dishpatch, Airbank and RVVUP. Luca started his entrepreneurial career aged 20 when he launched BuyCentral.it, the first Italian shopping comparison site, in 2000. It was sold to Lycos in 2004. In 2002 he founded ADVance which became the leading digital agency in Italy, subsequently sold to NetBooster. In 2004 he cofounded GoAdv, later rebranded Populis, one of the largest vertical digital publishing groups in Europe and Brazil, listed on the Paris Alternext stock exchange. In 2011 Populis was named the fastest growing company in Ireland and part of the top ten in Europe by Deloitte. In 2012 and 2013 he has brought the TechCrunch conference to Italy with the aim of connecting the Italian industry with international investors. For this same purpose he was co-hosting the 2017 Founders Forum in Rome.From 2010 Luca was in the board of IlSecoloXIX, an Italian north west leading newspaper, then acquired by LaStampa in 2014 and he was in the board of the new group, ITEDI, until it was acquired by Gruppo Espresso in 2017. ## Roberto Nicastro - Type: Angel - Location: Milan, Lombardia, Italy - Relevant deals: 1 - Stages: Seed, Series A - Focus: Travel, FinTech, Software Roberto Nicastro ## 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 ## 360 Capital - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - 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. ## Alchimia Investments - Type: VC Fund - Location: Rome, Lazio, Italy - Relevant deals: 1 - Stages: Series A, Seed - Focus: Health Care, Medical, Biotechnology Alchimia is an investment company primarily operating in the Venture Capital Sector. Leveraging the expertise of our team and a wide network of international advisors, we invest and co-invest in high growth potential opportunities offering capital, as well as dedicated strategic and operational resources. ## Boost Heroes - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 1 - Stages: Seed, Series A - Focus: E-Commerce, Software, Apps Boost Heroes is an Italy-based holding company focusing on seed and early stage investments. ## Xandas New Media Ventures - Type: VC Fund - Location: Milano, Lombardia, Italy - Relevant deals: 1 - Stages: Pre-Seed - Focus: Travel, Internet, Web Apps We are dedicated to fund, launch and operate highly innovative projects and services in Internet and Mobile services. We enjoy access to a network of top-tier Companies and Professionals with whom we have partnered both for co-investment opportunities as well as for shared expertise and synergies on particular projects. With over 12 years fullydedicated to Internet on a Global scale, Xandas combines broad expertise from the areas of Web, Mobile Internet, Applications and Services. Our projects have a Global scope and have been deployed in Europe, US, and Asia. ## Key Capital - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Internet, Apps, E-Commerce We are a venture incubator that wants to exploit the extraordinary human capital of the new digital entrepreneurship. From design to ready-to-market, up looking for new partners and capital, we create value along the entire continuum of mentoring: direct investment , skills qualified and specialized network support the growth of new businesses oftomorrow. With our deal flow , we are able to select innovative ideas with high potential with a business model that minimizes the investment risk and guarantee the success on the market. ## Incos Invest - Type: VC Fund - Location: Falsterbo, Skane Lan, Sweden - Relevant deals: 1 - Stages: Seed, Convertible Note - Focus: Travel, Boating, Medical Incos Invest is a venture capital firm specializing in start-up and early-stage investments. The firm seeks to make investments in companies operating in the industries of cosmetics, perfumes, travel and tourism, real estate, e-commerce, IT, and software development. The company is headquartered in Skane Lan, Sweden. ## MTI Holding - Type: VC Fund - Location: Cairo, Al Qahirah, Egypt - Relevant deals: 1 - Stages: Seed - Focus: Travel, Transportation, Autonomous Vehicles MTI Holding invests in a wide range of companies. ## Club Digitale - Type: VC Fund - Location: Milano, Lombardia, Italy - Relevant deals: 1 - Stages: Seed - Focus: E-Commerce, Retail, Internet Club Digitale is an Italian startup accelerator focused on companies in the digital and technology sectors. It is the first club of private investors born with the aim of contributing to the growth of digital in Italy, providing the best startups in the area with the capital necessary for the development of the business. Club Digitale acquiresholdings in the capital of a selection of Startup companies that are completing a process of business acceleration at the partner incubators of the project. ## TheNetValue - Type: VC Fund - Location: Cagliari, Sardegna, Italy - Relevant deals: 1 - Stages: Seed - Focus: Apps, SaaS, Mobile The Net Value | Incubatore certificato | Spazio di Coworking | TNV Academy | Eventi Cagliari. Viale la Plaia 15, Cagliari (CA) 09123 ## Translated - Type: VC Fund - Location: Rome, Lazio, Italy - Relevant deals: 1 - Stages: Pre-Seed - Focus: Travel, Internet, Web Apps We are on a mission to open up language to everyone, using a powerful combination of expert human translators and machine intelligence, and providing curated localization solutions and tools to 225,176 customers worldwide. ## Luca Ferrante Carrante - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Shoes, Retail, Travel Luca Ferrante Carrante - Associate Director, Investments @ The Olayan Group ## Verdant Frontiers - Type: VC Fund - Location: Austin, Texas, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Travel, FinTech, Finance Verdant Frontiers designs and builds large-scale businesses to deliver compelling returns for investors and life-changing jobs in Africa. ## U-Start - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Travel, Internet U-Start is a professional advisory firm structuring deals with private investors, investing in tech companies across Europe, Israel and US. ## dPixel - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 1 - Stages: Seed, Series A - Focus: E-Commerce, Local, Retail dpixel seleziona e connette imprese, startup, talenti e istituzioni per generare innovazione e crescita attraverso programmi formativi, accelerazione... ## HATCHER+ - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Software, E-Commerce, Health Care Hatcher+ is a data-driven venture capital firm that uses AI and machine learning-based technologies to identify early-stage opportunities in partnership with leading accelerators and investors, worldwide. ## Marco Pescarmona - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed, Series A - Focus: Travel, Finance, Internet Mr. Pescarmona graduated cum laude with a degree in electrical engineering from the Turin Polytechnic Institute in 1993, and holds a second degree in information sciences from the University of Turin, from which he graduated cum laude in 1996. He also earned in 1998 an MBA from the MIT Sloan School of Management in Cambridge, Massachusetts. Heworked as a consultant in the Milan office of McKinsey & Company, focusing on the insurance and banking industries. Formerly he worked in the Fixed Income Derivatives desk of Morgan Stanley in London. In 2000, Mr. Pescarmona founded Gruppo MutuiOnline together with Alessandro Fracassi, and is currently Chairman of the Board, as well as CEO of the Broking Division. Gruppo MutuiOnline was listed on the Italian Stock Exchange on 6 June 2007. ## Sviluppo Imprese Centro Italia - Type: VC Fund - Location: Firenze, Toscana, Italy - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Travel, Medical, Hospital 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. ## Vertis SGR S.p.A. - Type: VC Fund - Location: Milan, Lombardia, Italy - Relevant deals: 1 - 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. ## Azimut Digitech Fund - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Seed - Focus: Software, Computer, Mobile Azimut Digitech Fund Was created as part of a partnership with the Gellify Group. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co