The year 2024 has seen continued momentum in the launch of venture capital funds and investment initiatives targeting Italy. These new initiatives reflect a growing interest in supporting Italian startups across diverse sectors, from digital transformation to sustainability and emerging technologies.
Below is a list (in alphabetical order) of some of the new venture capital funds, club deals and investment initiatives dedicated to fostering innovation and entrepreneurship in Italy that were announced in 2024.
360 Digitaly
360 Capital’s latest VC fund focuses on seed and early-stage investments in startups driving digital transformation.
360 LIFE II
A European early-stage fund launched by A2A as the anchor investor and industrial sponsor, in partnership with 360 Capital. This fund focuses on energy transition and circular economy solutions, key priorities in A2A’s 2024-2035 business plan.
AI Fund I
Managed by Altas SGR, this fund invests in pre-seed and seed-stage AI and cybersecurity startups originating from top European and global venture builders.
Avolta Next – F&B Hub Milan
An accelerator dedicated to startups in the travel catering and travel retail sectors, launched in Milan.
CrossConnect
An accelerator program by CDP Venture Capital, supporting startups developing innovative infrastructure solutions.
Fondo Indaco Ventures I – Parallel Lombardia
A parallel fund of INDACO VENTURES I, focused on deeptech startups in Series A-B and scale-up stages based in the Lombardy region.
Frontech
Another accelerator from CDP Venture Capital, Frontech focuses on startups developing AI, Web 3.0, and Metaverse technologies.
Futura SGR
A new asset management company that has launched Futura Growth, a fund blending venture capital and private equity with a focus on technological, digital, and process innovation, particularly in AI.
LIFTT EuroInvest
A joint initiative by the European Investment Bank (EIB) and LIFTT, this investment vehicle targets Italian startups, SMEs, and mid-caps in critical sectors such as life sciences,
GDA Impact
Managed by GDA Venture, in partnership with Fondazione Social Venture Giordano Dell’Amore and Fondazione Cariplo, this impact investment program allocates over €60 million to support the growth of Italian social enterprises.
Gresilient Holding
The family office of Claudio Erba, which invests in pre-seed and seed-stage startups across various sectors and geographies.
Italian Founders Fund (IFF)
Italy’s first venture capital fund created by founders, for founders, managed by Koinos Capital SGR. IFF leads pre-seed and seed rounds and helps Italian startups access international growth capital.
Join Capital
Now active in Italy, Join Capital invests at the Seed/Series A stage in DeepTech and IndustrialTech companies nationwide.
LaGemma Venture
A new initiative by the CRC Foundation, LaGemma Venture aims to create an investment and growth hub, starting in the province of Cuneo and expanding nationally and across Europe.
Linfa
The first Italian venture growth capital fund dedicated to the AgriFoodTech sector, launched by Riello Investimenti. Linfa invests in late-stage or growth SMEs with high levels of product, process, or service innovation.
Liquid Factory
A startup studio focused on creating “liquid companies” — fully remote ventures — starting from Valtellina and expanding to Silicon Valley.
Maritime Ventures
CDP Venture Capital’s venture-building program, in collaboration with Cariplo Factory, focusing on innovations in nautical and port logistics technologies.
Mito Tech Ventures
A fund launched by Mito Technologies to invest in technologies aimed at ecological transition and decarbonization, with a clear goal of reaching Net Zero.
Neva SGR
The venture capital arm of the Intesa Sanpaolo Group, Neva SGR has launched two funds in 2024: Neva II, which invests globally, and Neva II Italia, which is dedicated to Italian companies.
PLAI
A new accelerator by Gruppo Mondadori, focused on GenAI startups and fostering growth in the generative AI space.
Primo Climate
Primo Capital’s new fund, Primo Climate, focuses on early-stage investments in climate technology startups, accelerating the environmental transition.
Probios Ventures
The corporate venture capital arm of Probios (Agreen Capital), which targets startups in the food industry with a focus on innovation and sustainability.
Rialto I EuVeca
A fund managed by AVM Gestioni SGR, Rialto I EuVeca invests in B2B digital transformation technologies.
Scientifica Fund 1 (SF1)
A fund by Scientifica Venture Capital that supports startups in future computing, smart materials, and advanced industrial and environmental technologies at various stages of development.
Seroba Life Science
A European life sciences venture capital firm, Seroba Life Science has opened a new office in Milan and closed Seroba Fund IV, which invests in innovative early-stage life science companies.
Startup Geeks Investment Club
A new investor club launched by Startup Geeks, focusing on pre-seed and seed-stage investments in new Italian startups.
Una Terra
A new investment fund focused on the global transition to a circular economy, Una Terra invests in European asset-light, early-growth companies (Series A+).
VC Partners Fund I
The first fund by VC Partners SGR – Gestore Euveca, focusing on consumer tech and enabling platforms, marking the company’s debut in the Italian venture capital space.
Vertis Venture 6 Digital Sud
A fund by Vertis SGR targeting startups based in Southern Italy, from seed to scale-up stages, with a focus on digital transformation.
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