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Top 50 Hardware Startup Investors in Italy (June 2026)

The most active venture capital funds and angel investors investing in Italy Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Italy Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
CDP Venture Capital
VC Fund
26 Italy, United States, United Kingdom Seed, Series A Software, Information Technology, Health Care $488k–$17M
Primo Capital
VC Fund
17 Italy, United States, United Kingdom Seed, Series A Software, Aerospace, Information Technology $306k–$25M
Club degli Investitori
VC Fund
14 Italy, Switzerland, United Kingdom Seed, Series A Health Care, E-Commerce, Information Technology $197k–$19M
360 Capital
VC Fund
12 France, Italy, United States Seed, Series A Software, E-Commerce, Information Technology $1.1M–$18M
Italian Angels for Growth
VC Fund
10 Italy, United States, United Kingdom Seed, Angel, Series A Software, E-Commerce, Health Care $219k–$11M
Vertis
VC Fund
9 Italy, United States, United Kingdom Seed, Series A Software, Computer, E-Commerce $823k–$10M
EUREKA! Venture SGR
VC Fund
9 Italy Seed, Pre-Seed Nanotechnology, Manufacturing, Medical Device $384k–$4.1M
LIFTT
VC Fund
9 Italy, United Kingdom, France Seed, Series A Software, Biotechnology, Manufacturing $329k–$21M
Club Italia Investimenti 2
VC Fund
9 Italy, United States, United Kingdom Seed, Pre-Seed E-Commerce, Software, Mobile $55k–$576k
Invitalia Ventures
VC Fund
8 Italy, United States, United Kingdom Series A, Seed Software, Medical, Internet $658k–$6.2M
P101
VC Fund
7 Italy, Spain, United States Seed, Series A Software, E-Commerce, Information Technology $236k–$17M
TIM Ventures
VC Fund
7 Italy, United States, Malaysia Seed, Pre-Seed, Series A Internet, Software, SaaS $47k–$8M
Principia SGR
VC Fund
7 Italy, United States, United Kingdom Series A, Seed Health Care, Biotechnology, Software $329k–$7.7M
GELLIFY
VC Fund
7 Italy, United Kingdom, United States Seed, Series A Software, Information Technology, Artificial Intelligence $181k–$9M
Invitalia
VC Fund
7 Italy, Sweden Grant, Debt Financing, Seed Software, Information Technology, Travel $22k–$1.9M
Cassa Depositi e Prestiti
VC Fund
6 Italy, Turkey, Spain Debt Financing, Post-IPO Debt, Pre-Seed Energy, Manufacturing, CleanTech $71k–$437M
UniCredit
VC Fund
6 Italy, Germany, Spain Debt Financing, Post-IPO Debt, Seed Manufacturing, Energy, Renewable Energy $384k–$1.1B
Azimut Digitech Fund
VC Fund
6 Italy, San Marino, United Kingdom Series A, Seed, Series B Software, Information Technology, Computer $2.2M–$35M
Growth Engine
VC Fund
5 Italy, Mexico, United Kingdom Seed, Secondary Market, Pre-Seed Software, E-Commerce, Information Technology $300k–$4.2M
Atlante Ventures
VC Fund
4 Italy, United States, Israel Seed, Series A Software, Biotechnology, Hardware $150k–$3.5M
RoboIT
VC Fund
4 Italy Seed, Series A, Pre-Seed Manufacturing, Robotics, Artificial Intelligence $878k–$81M
Embed Capital
VC Fund
4 Italy, Switzerland, United Kingdom Seed, Pre-Seed Information Technology, Mobile, Health Care $132k–$2.1M
Tech4Planet
VC Fund
4 Italy Seed, Pre-Seed Renewable Energy, Energy, Manufacturing $313k–$8.3M
SIMEST
VC Fund
4 Italy, San Marino, United States Series A, Series B Manufacturing, FinTech, Banking $4.9M–$24M
Fabio Mondini de Focatiis
Angel
3 Italy, France, United Kingdom Seed, Pre-Seed, Equity Crowdfunding E-Commerce, Retail, Information Technology $329k–$2.9M
Toscana Next Fund
VC Fund
3 Italy Seed, Series A Manufacturing, Robotics, Electronics $1.6M–$5.8M
CRV
VC Fund
3 United States, Israel, Canada Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1.2M–$65M
Intesa Sanpaolo
VC Fund
3 Italy, United Kingdom, United States Debt Financing, Post-IPO Debt, Convertible Note Energy, Financial Services, Renewable Energy $299k–$2.5B
Redstone.VC
VC Fund
3 Germany, Finland, Switzerland Seed, Series A, Pre-Seed Software, Information Technology, Health Care $505k–$16M
RedSeed Ventures
VC Fund
3 Italy, United Kingdom Seed, Series A Retail, Medical, Big Data $669k–$1.1M
Pi Campus
VC Fund
3 Italy, United States, United Kingdom Seed, Pre-Seed Software, Mobile, Biotechnology $100k–$6.4M
Levante Capital
VC Fund
3 Italy Series A, Seed Internet of Things, AgTech, Hardware $3.1M–$6M
Lightspeed Venture Partners
VC Fund
3 United States, India, Israel Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $2M–$120M
PranaVentures
VC Fund
3 Italy, India Seed, Pre-Seed, Series A SaaS, Tourism, Internet $329k–$16M
The Techshop
VC Fund
3 Italy, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Financial Services $658k–$120M
035 Investimenti
VC Fund
3 Italy Seed, Series A, Convertible Note Electronics, Manufacturing, Electric Vehicle
Neva SGR
VC Fund
3 Italy, United States, Israel Series B, Series A Software, FinTech, Finance $5.5M–$863M
Nico Rosberg
Angel
2 Germany, United States, United Kingdom Seed, Series A Information Technology, Software, Logistics
40Jemz Ventures
VC Fund
2 Italy Pre-Seed, Seed, Series A Artificial Intelligence, Software, Generative AI $338k–$6.2M
Family, Friends & Angels
Angel
2 Italy Seed, Convertible Note SaaS, Software, E-Commerce $494k–$878k
Pariter Partners
VC Fund
2 Italy Seed Electronics, Semiconductor, Nanotechnology $878k–$1.6M
United Ventures
VC Fund
2 Italy, United States, United Kingdom Series A, Seed Software, Information Technology, FinTech $274k–$18M
Atlante Seeds
VC Fund
2 Italy, United States Seed, Series A Sports, Hardware, Incubators $434k–$745k
Cysero
VC Fund
2 Italy Seed, Series A Information Technology, Robotics, Mobile $2.1M–$5.5M
Green Arrow Capital
VC Fund
2 Italy, United Kingdom Seed, Series A Health Care, Biotechnology, Manufacturing $1.5M–$2.2M
Andrea Dusi
Angel
2 Italy, United States, United Kingdom Seed, Pre-Seed, Series A Biotechnology, Health Care, CleanTech $150k–$15M
DVR Capital
VC Fund
2 Italy Gamification, Social Impact, Natural Resources
2100 Ventures
VC Fund
2 Italy, United Kingdom, Switzerland Seed, Pre-Seed, Series A Software, SaaS, Manufacturing
Creative Thinking Ventures
VC Fund
2 Italy Seed, Pre-Seed E-Commerce, SaaS, Tourism
3LB Seed Capital Srl
VC Fund
2 Italy, United States, United Kingdom Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $71k–$2.5M
Access all 66 investors in Italy Hardware startups.

Access 48,091 investors

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

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Investor list

CDP Venture Capital
VC Fund · Rome, Lazio, Italy · 26 investments in Italy Hardware startups

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, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 228
  • Round size: Seed $488k–$8.3M; Series A $3.3M–$17M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $197M in 2021

Portfolio highlights

  • Radical Storage — Find your closest luggage storage and enjoy your journey until the very end!
  • Mela Works — Manage your work site with Mela, and generate logbooks and reports with one click. Download Mela now!
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Primo Capital
VC Fund · Milan, Lombardia, Italy · 17 investments in Italy Hardware startups

Primo Capital is a venture capital firm focused on seed and early stage startups. The firm is a multi-fund investment company, with four different investment practices with dedicated funds on specialized strategies. Primo Capital invests in digital/software, new space, climate technology and healthcare.

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Investment focus

  • Industry: Software, Aerospace, Information Technology
  • Stage:Seed, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 82
  • Round size: Seed $306k–$5.5M; Series A $3.3M–$25M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • PunchLab — Download PunchLab Choose among martial arts & combat sports workouts designed for boxing, MMA, karate and kickboxing training. Track any punching and kicking combination you throw at the punching bag USING ONLY YOUR PHONE! Follow audio workouts while you hit the punching bag or shadowbox.
  • Lithium Lasers — Lithium Lasers are manufacturer of compact and robust ultrafast lasers.
  • Yolo Tech Insurance — YOLO Group, uno dei principali operatori nel mercato insurtech italiano dei servizi assicurativi digitali, quotato in borsa sul segmento EGM.
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Club degli Investitori
VC Fund · Torino, Piemonte, Italy · 14 investments in Italy Hardware startups

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: Health Care, E-Commerce, Information Technology
  • Stage:Seed, Series A
  • Geography: Italy, Switzerland, United Kingdom

Investor stats

  • Total investments: 94
  • Round size: Seed $197k–$7.6M; Series A $889k–$19M
  • Lead/follow: 23% lead, 77% 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.
  • Spacest.com By Roomless — Rent directly online with Roomless, the safe and simple platform for those looking for a house for rent.
  • Approxima — Approxima medical is developing a novel treatment for patients with tricuspid valve regurgitation
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360 Capital
VC Fund · Paris, Ile-de-France, France · 12 investments in Italy Hardware startups

As an early-stage European VC, we invest from pre-seed to Series B in Deep Tech, Climate Tech, and Digital-First solutions. Embrace sustainable technological progress with us. Stay updated on the latest tech trends and portfolio news. We invest in the future now.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A
  • Geography: France, Italy, United States

Investor stats

  • Total investments: 195
  • Round size: Seed $1.1M–$8.3M; Series A $3.3M–$18M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Tundr — Tundr offers smartcard to companies for sustainable mobility.
  • Sinergy Flow — We are developing a redox flow battery based on earth abundant and low-cost material which is fully compliant with the Circular Economy principles.
  • Innoviz Technologies — A leading supplier of high-performance, automotive-grade LiDAR sensor platforms.
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Italian Angels for Growth
VC Fund · Milan, Lombardia, Italy · 10 investments in Italy Hardware 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, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 100
  • Round size: Seed $329k–$4.6M; Angel $219k–$1.2M; Series A $2.7M–$11M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Cato AI — Cato AI is a Milan-based B2B SaaS startup that uses AI to automate public tender management.
  • Fitprime — Il Partner unico per il Wellbeing Aziendale
  • Alomana
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Vertis
VC Fund · Milan, Lombardia, Italy · 9 investments in Italy Hardware 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, Computer, E-Commerce
  • Stage:Seed, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 62
  • Round size: Seed $823k–$3.6M; Series A $1.5M–$10M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $35M in 2021

Portfolio highlights

  • Tuidi — Tuidi is a tech startup that develops predictive models of AI, with a particular focus on the food distribution sector. They combine methodical study of data, personalization of business processes and speed of integration for to return an output that is not only accurate but also free from interpretation difficulties so as to increase profits,reduce stock outages and optimize inventories.
  • Focoos AI — Focoos reshapes computer vision with ultra-efficient models that drive down costs, automate hardware integration, and ensure peak performance on any device, while promoting sustainability.
  • TimeFlow — TimeFlow is a software that acts as a B2B marketplace dedicated to the technical and managerial consulting sector.
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EUREKA! Venture SGR
VC Fund · Milano, Lombardia, Italy · 9 investments in Italy Hardware 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, Manufacturing, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 31
  • Round size: Seed $384k–$4.1M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • FLEEPtech — FLEEP Technologies designs and develops printed electronics solutions for the biomedical and smart packaging sectors. The company, spin-off of Istituto Italiano di Tecnologia, was founded in May 2019.FLEEPtech developed a proprietary process for the fabrication of polymer-based integrated circuits based on Organic Thin-Film Transistors, creatingthe intelligent core for electronics systems that are mechanically flexible, printed like magazines and recyclable. FLEEPtech is the missing link in the printed electronics industry between a great number of flexible and printed products (i.e. sensors, actuators and energy supplies) that find little space in being integrated with standard non-flexible electronics. For such reasons, the company's mission revolves around the realization of a general purpose platform for the manufacturing of fully-printed integrated systems, composed by printed sensors, printed actuators, printed energy supplies and harvesters and, of course, printed integrated circuits.
  • INTA Systems — Nanotech and artificial intelligence for biomolecular analysis
  • Alter Eco Pulp — Alter Eco Pulp is a fiber molding company that processes waste and natural cellulose fibers to manufacture disposable products.
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LIFTT
VC Fund · Turin, Piemonte, Italy · 9 investments in Italy Hardware startups

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, Manufacturing
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom, France

Investor stats

  • Total investments: 69
  • Round size: Seed $329k–$4.7M; Series A $2.7M–$21M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • CareGlance — CareGlance is the provider of real-time monitoring systems based on SS-OCT technology. Fast, precise and developed for the industry!
  • Maieutical Labs — I Maieutical Labs sono un insieme di piattaforme ispirate al Mastery Learning, immersive e mobile-oriented, dedicate allo studio nella scuola secondaria
  • Wearable Robotics — Wearable Robotics produces and develops wearable robotic systems and exoskeletons for rehabilitation, assistance and human-power augmentation.
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Club Italia Investimenti 2
VC Fund · Milan, Lombardia, Italy · 9 investments in Italy Hardware startups

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

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Investment focus

  • Industry: E-Commerce, Software, Mobile
  • Stage:Seed, Pre-Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $55k–$576k; Pre-Seed $110k–$219k
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — raised $5.9M in 2013

Portfolio highlights

  • UNGUESS (formerly AppQuality) — UNGUESS is the crowdsourcing platform for effective testing and real insights. Take the guesswork out of your work.
  • Paragraph — Powerful stories and powerful storytellers. Each week find seven of the world's best shorts in text, audio, and video: http://bit.ly/1usXQd5
  • La Passione — High quality Italian Road and Urban cycling wear at fair prices. We use only the finest materials and sell direct to you with no middleman. Shop now!
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Invitalia Ventures
VC Fund · Rome, Lazio, Italy · 8 investments in Italy Hardware 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, Internet
  • Stage:Series A, Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $658k–$1.6M; Series A $900k–$6.2M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $89M 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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Access 48,091 investors

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

Browse database — It's Free!
P101
VC Fund · Milan, Lombardia, Italy · 7 investments in Italy Hardware startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A
  • Geography: Italy, Spain, United States

Investor stats

  • Total investments: 108
  • Round size: Seed $236k–$4.1M; Series A $2.1M–$17M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cosmico — We are the platform connecting digital talents with the most ambitious companies, using remote work.We have over 8,000 members and our talents have accelerated dozens of projects alongside big names like Accenture Song, Tangity, Frog, Fjord, Sketchin, EY but also aggressive start-ups like Scalapay, Gimme5, Flowe, Unguess.If you are a digitalprofessional: we offer you a community in which to grow your talent through experiences, networks and cosmic projects.If you are a company: we offer you access to a community of designers, developers and marketers from which to select the talents to accelerate your digital transformation projects. Whether you are a manager or a digital professional, Cosmico is here to help you find your space
  • A-Cube — A-Cube is a software company that provides digital solutions to exchange documents with government agencies.
  • Incapto Coffee — Incapto Coffee offers the sale of the automatic coffee machine and a subscription system for coffee beans.
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TIM Ventures
VC Fund · Rome, Lazio, Italy · 7 investments in Italy Hardware startups

TIM Ventures prefers to invest in the internet, digital life, mobile evolution, e-learning, and green technology sectors. The company provides startups with consulting services and support. It selects companies that exploit disruptive technologies, with particular attention to enterprise applications, digital life, and telecommunications.

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, United States, Malaysia

Investor stats

  • Total investments: 20
  • Round size: Seed $115k–$768k; Pre-Seed $47k–$114k; Series A $1.5M–$8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Webidoo — We provide the digital tools and advanced that big businesses use, but built and designed so they can be easily utilized by local independent business owners. webidoo is dedicated to partnering with local businesses. We’re here to give the solutions you need to connect with customers, wherever they may be. Our clients include businesses of everytype: restaurants, attorneys, builders, doctors, delicatessens, electricians and many others. We can provide solutions that allow companies to connect with their customers, real and potential, like never before. We’re all about supporting local businesses. And we feel good about that.
  • Satispay — Satispay: l'app per i pagamenti di tutti i giorni. Scopri i servizi per pagare e risparmiare, gli strumenti per il Business e i prodotti Welfare per aziende.
  • SonoBee Ultrasound — As Malaysia's most trusted ultrasound and health screening centre, we combine expert radiologists with advanced imaging for precise results. Experience care you can rely on. Book your appointment.
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Principia SGR
VC Fund · Milan, Lombardia, Italy · 7 investments in Italy Hardware 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 $329k–$3.3M; Series A $1.5M–$7.7M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $187M 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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GELLIFY
VC Fund · Bologna, Emilia-Romagna, Italy · 7 investments in Italy Hardware startups

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.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $181k–$9M; Series A $878k–$6M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Cubbit — Cubbit is secure encrypted cloud storage with a difference. A distributed cloud that is 100% private and green. Join the Swarm.
  • BizAway — Discover a streamlined approach to business travel with BizAway. Our intuitive platform offers a one-click solution to book and manage your trips, saving your company time and money. Over 2000 companies trust us with their travel management needs. Request a demo today!
  • CercaOfficina — Cercaofficina.it is the online portal that helps you compare quotes for some mechanical repairs and bodywork on your car. By cutting the revision, from small tweaks body to replace the brake pads, the tire change, change Installation system oil LPG / CNG.
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Invitalia
VC Fund · Roma, Lazio, Italy · 7 investments in Italy Hardware startups

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.

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Investment focus

  • Industry: Software, Information Technology, Travel
  • Stage:Grant, Debt Financing, Seed
  • Geography: Italy, Sweden

Investor stats

  • Total investments: 50
  • Round size: Seed $532k–$1.1M; Grant $22k–$735k; Debt Financing $212k–$1.9M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Tutornow — Ripetizioni online in matematica, fisica, inglese e oltre 150 materie. Ripetizioni per DSA e BES con tutor certificati. Lezioni online individuali da 60 minuti.
  • BILLD — Billd is a cleantech firm that offers the first digital receipt service to capture huge data from the offline market using AI.
  • Collecto App — Collecto App objective is to democratize access to luxury items by sharing value and removing economic barriers. Collecto promotes financial and environmental sustainability by allowing consumers to share luxury goods while reducing environmental impact through more effective resource use.
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Cassa Depositi e Prestiti
VC Fund · Rome, Lazio, Italy · 6 investments in Italy Hardware startups

The CDP Group is a joint-stock company that supports economic development through financing and investment. It provides funding for public infrastructure, businesses, and strategic projects in key sectors such as energy, transportation, and digital innovation. CDP also invests in venture capital, private equity, and sustainable initiatives tofoster long-term growth. The institution works with governments, financial entities, and enterprises to promote economic stability and innovation.

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Investment focus

  • Industry: Energy, Manufacturing, CleanTech
  • Stage:Debt Financing, Post-IPO Debt, Pre-Seed
  • Geography: Italy, Turkey, Spain

Investor stats

  • Total investments: 56
  • Round size: Pre-Seed $71k–$439k; Post-IPO Debt $50M–$437M; Debt Financing $6.6M–$210M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Sekerbank — Sekerbank offers banking services. Sustainable energy, energy efficiency, addressing climate change, financial inclusion, and women's banking are some of their banking operations. In the areas of agriculture, business, SME, corporate, and retail, they offer banking services.
  • The Stevanato Group — Stevanato Group is a global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes and services that address customer needs across the entire drug life cycle at each of the development,clinical and commercial stages. Stevanato Group’s core capabilities in scientific research and development, its commitment to technical innovation and its engineering excellence are central to its ability to offer value added solutions to clients.
  • Africa Finance Corporation — Sprout SEO for AFCBank
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UniCredit
VC Fund · Milan, Lombardia, Italy · 6 investments in Italy Hardware startups

UniCredit is a pan-European commercial bank offering unique banking services in Italy, Germany, Central and Eastern Europe.

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Investment focus

  • Industry: Manufacturing, Energy, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: Italy, Germany, Spain

Investor stats

  • Total investments: 100
  • Round size: Seed $384k–$15M; Post-IPO Debt $40M–$1.1B; Debt Financing $417k–$614M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • FITT — FITT specializes in thermoplastic fluid transfer and management solutions.
  • EuroGroup Laminations — We develop and produce stators and rotors solutions for the energy transition, guaranteeing maximum efficiency and sustainability on a global scale.
  • E4 Computer Engineering — E4 Computer Engineering stands out for its tireless pursuit of the most cutting edge proposals in the IT sector.
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Azimut Digitech Fund
VC Fund · Milano, Lombardia, Italy · 6 investments in Italy Hardware startups

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

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Investment focus

  • Industry: Software, Information Technology, Computer
  • Stage:Series A, Seed, Series B
  • Geography: Italy, San Marino, United Kingdom

Investor stats

  • Total investments: 19
  • Round size: Seed $2.2M–$16M; Series A $6M–$35M; Series B $18M–$24M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Cubbit — Cubbit is secure encrypted cloud storage with a difference. A distributed cloud that is 100% private and green. Join the Swarm.
  • Subbyx — Subbyx provides long-term subscriptions for technology products and small home appliances.
  • DRONUS — Dronus provides inspection, safety, and smart city capabilities from an innovative, minimally invasive base that guarantees the drone's flight stability and safety during take-off and landing, even in difficult climatic conditions.
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Growth Engine
VC Fund · Milan, Lombardia, Italy · 5 investments in Italy Hardware startups

Growth Engine is a Venture Capital holding investing in Pre-Seed and Seed high-potential opportunities. With a current portfolio of more than 40 companies, most of them evolved in successful Scaleups, Growth Engine is a diversified asset class by sector and stage. Growth Engine Shareholders are entrepreneurs who have built companies from the groundup, collectively creating billions in value, and top executives managing companies with multi-billion-dollar valuations.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Secondary Market, Pre-Seed
  • Geography: Italy, Mexico, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $329k–$4.2M; Pre-Seed $300k–$1.8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • BonusX — Con l'app BonusX hai un supporto anti-burocrazia tutto l'anno. Accedi a centinaia di bonus e servizi pubblici, senza stress e code.
  • CiaoDott
  • Vivaio Ventures — Vivaio Ventures partners with early-stage and creator-led consumer brands to scale food, beverage, and beauty products. We offer capital, consulting, and Made in Italy manufacturing excellence for the next CPG leaders.
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Atlante Ventures
VC Fund · Milano, Lombardia, Italy · 4 investments in Italy Hardware startups

Atlante Ventures is a leading Italian VC fund, operated by IMI Fondi Chiusi SGR, part of Intesa Sanpaolo Group.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $150k–$3.5M; Series A $1.5M–$3.3M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — last raise in 2007

Portfolio highlights

  • ADmantX — A NEW ERA OF AUDIENCE TARGETINGADmantX is a contextual analysis and data provider that brings audience targeting to a new level. Awarded patent for semantic advertising technology, the company offers a cookie-less solution that allows publishers, ad networks and exchanges, brand managers and agencies to develop more effective online adcampaigns leveraging semantic understanding, natural language processing and sentiment analysis. Founded in Italy as a spin-off of the leading semantic company Expert System, ADmantX is active in Europe and US. Worldwide customers include NBCUniversal, Integral Ad Science, Networked Insights, Banzai, Cadreon, Amnet, Sojern, Media IQ and ADmantX solutions are integrated in key DSP players such as Turn, Adform and AppNexus.
  • YOGITECH — Notizie e approfondimenti di Tecnologia
  • Expert.ai — Expert.ai is the premier artificial intelligence platform for language understanding.
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RoboIT
VC Fund · 4 investments in Italy Hardware startups

RoboIT is the National Technology Transfer Hub for Robotics and Industrial Automation.

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Investment focus

  • Industry: Manufacturing, Robotics, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 9
  • Round size: Seed $878k–$81M; Series A $5.8M–$6M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • SunCubes — SunCubes is an innovative startup developing wireless energy transmission technologies using lasers, enabling applications like drone recharging and remote sensor power, driving efficiency.
  • Wearable Robotics — Wearable Robotics produces and develops wearable robotic systems and exoskeletons for rehabilitation, assistance and human-power augmentation.
  • Generative Bionics — Generative Bionics develops humanoid robots that integrate robotics, advanced artificial intelligence, and design for safe, reliable operation in real-world industrial environments.​
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Embed Capital
VC Fund · Milan, Lombardia, Italy · 4 investments in Italy Hardware 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, Mobile, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Italy, Switzerland, United Kingdom

Investor stats

  • Total investments: 17
  • Round size: Seed $132k–$2.1M
  • 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 playground for play-to-earn games and adventures in virtual worlds. Accessible on both mobile and desktop.
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Tech4Planet
VC Fund · 4 investments in Italy Hardware startups

Tech4Planet was created to facilitate market access and the growth of new companies conceived within research laboratories dedicated to environmental sustainability, particularly in the energytech, circular economy, sustainable manufacturing, smart mobility, and water management sectors.With a total investment of up to 55 million euros allocatedby the Technology Transfer Fund of CDP Venture Capital Sgr , the Tech4Planet Pole was created in collaboration with the Milan Polytechnic and involves the Polytechnics of Turin and Bari .

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 12
  • Round size: Seed $932k–$8.3M; Pre-Seed $313k–$2M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Resilco — Resilco develops and applies unique sustainable solutions for circular economy, carbon capture and for gas purification, both for clean production and for renewable energy applications. They offer knowledge combined with high skill in material science to solve existing and emerging problems in gas treatment.
  • Valuematic — Valuematic realizza soluzioni per il trattamento e gestione dei dati favorendo il miglioramento nei processi organizzativi e informativi di aziende ed enti.
  • Sinergy Flow — We are developing a redox flow battery based on earth abundant and low-cost material which is fully compliant with the Circular Economy principles.
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SIMEST
VC Fund · Rome, Lazio, Italy · 4 investments in Italy Hardware startups

SIMEST is a financial firm focused on the development and promotion of Italian enterprises abroad. Simest acquires up to 49% of the equity capital of foreign firms in countries outside the European Union, whether wholly-owned by Italian companies or set up as joint ventures with local partners. It also provides start-up and growth capital financingas well as participating in buyouts.Geographically it invests in non-EU countries, focusing on BRIC, Americas and Middle-East. Simest also provides Italian companies seeking to internationalize their businesses with technical assistance and advisory services.Simest is a member of the European Development Finance Institutions (EDFI) and the Italian Venture Capital and Private Equity Association (AIFI).

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Investment focus

  • Industry: Manufacturing, FinTech, Banking
  • Stage:Series A, Series B
  • Geography: Italy, San Marino, United States

Investor stats

  • Total investments: 15
  • Round size: Series A $4.9M–$17M; Series B $20M–$24M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • W•SENSE — W•SENSE is a telecommunications company that specializes in underwater monitoring and communication systems based on IoUT solutions.
  • DRONUS — Dronus provides inspection, safety, and smart city capabilities from an innovative, minimally invasive base that guarantees the drone's flight stability and safety during take-off and landing, even in difficult climatic conditions.
  • EIS Wire and Cable — EIS Wire and Cable is an electrical manufacturing company that provides single and multi-conductor hook-up wire.
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Fabio Mondini de Focatiis
Angel · Paris, Ile-de-France, France · 3 investments in Italy Hardware startups

Venture Partner, Eurazeo InvestmentInternational Venture Capitalist, Business Angel and SVP with >20 years experience in >20 countries, with a successful track as VC, BA and Entrepreneur in a truly global environment. Fabio is a Venture Partner in Eurazeo Investment, following their acquisition of IDINVEST Partners, a leading Europeanprivate equity firm with >9B€ AUM, focusing on Venture Capital investments in Italy across sectors and in the Smart City sector (Energy, Cleantech, Eco-mobility) worldwide. Fabio is the Founder and CEO of growth Capital, the leading Italian investment banking focusing on advising innovative, fast-growing companies on fund raising and M&A. Fabio is also an active Business Angel, with a personal portfolio of more than 30 startups. a Member of the Investment Committee of Lazio Innova. Previously Fabio has been a Senior Advisor in the European Investment Fund (EIF), leading the joint efforts of EIF and Cassa Depositi e Prestiti (CDP) to establish TT Investment Funds in Italy to develop its ecosystem for Innovation. Before entering the Private Equity sector, Fabio has lead Soitec Solar Division sale after it has increased its revenues from ~2M€ to >40M€ and achieved the world record of PV Module Efficiency and Solar Cell Efficiency. He had earlier founded and lead RenEn Renewable Energy to a leading renewable energy consulting firm. Earlier Fabio has been in McKinsey, ENEL and Russell Reynolds. In ENEL, Fabio has been Head of Integration, Head of International Management, Head of HR and Organisation and member of the Board of various international companies. Fabio received his M.S. degree in Civil and Environmental Engineering from M.I.T. and his M.B.A. from INSEAD. He is fluent in English, Italian, French and Spanish.

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Investment focus

  • Industry: E-Commerce, Retail, Information Technology
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: Italy, France, United Kingdom

Investor stats

  • Total investments: 21
  • Round size: Seed $329k–$2.2M; Equity Crowdfunding $1.4M–$2.9M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Icohup — The aim of Icohup is the development of pollution sensors with high performance yet low costs.
  • Yobs — Record your interviews, accelerate candidate review, coach recruiters and build a fair and rigorous hiring process.
  • Keyless — Reverify and authenticate your users in a glance, without storing biometric data. PingOne Recognize delivers private, fraud-resistant biometric authentication.
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Toscana Next Fund
VC Fund · Rome, Lazio, Italy · 3 investments in Italy Hardware startups

Toscana Next Fund is a co-investment fund managed by CDP Venture Capital.

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Investment focus

  • Industry: Manufacturing, Robotics, Electronics
  • Stage:Seed, Series A
  • Geography: Italy

Investor stats

  • Total investments: 7
  • Round size: Seed $1.6M–$1.9M; Series A $4.9M–$5.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Small Pixels — SmallPixels provides video and image from compressed video streams applicable to movies, TV series, surveillance videos, and video chats to users, delivering an experience with reduced streaming expenses.
  • Wearable Robotics — Wearable Robotics produces and develops wearable robotic systems and exoskeletons for rehabilitation, assistance and human-power augmentation.
  • Next Generation Robotics — Next Generation Robotics is a company that manufactures robotic systems for inspection and monitoring for the railway industry.
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CRV
VC Fund · Palo Alto, California, United States · 3 investments in Italy Hardware startups

CRV is a venture capital firm that invests in early-stage enterprise and consumer startups. Since 1970, the firm has invested in more than 400 startups at their most crucial stages, including DoorDash, Airtable, Patreon, Drift and Iterable. Founders need more than capital to build a great company. It takes a partner who understands the entrepreneurial journey and knows what it takes to win. From founding to IPO and beyond, CRV is there every step of the way. Founders rely on CRV to be trusted, long-term, committed partners, which has helped make CRV into one of the longest-running venture capital firms in the world. Learn more about CRV and the companies shaping the future at https://www.crv.com.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, Israel, Canada

Investor stats

  • Total investments: 568
  • Round size: Seed $1.2M–$14M; Series A $4.7M–$28M; Series B $10M–$65M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $1B in 2022

Portfolio highlights

  • Zip — Zip is the new concierge for procurement. Increase employee adoption and get spend and risk under control.
  • Siro — Siro is a sales coaching platform that specializes in sales managers. Siro assists sales managers in providing precise feedback to field sales staff on live client conversations while also saving time in reporting.
  • Agora — Simplify your compensation practices and effectively communicate total rewards to your people.
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Intesa Sanpaolo
VC Fund · Torino, Piemonte, Italy · 3 investments in Italy Hardware startups, 7 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. It was founded by the merger of Banca Intesa and Sanpaolo IMI.

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Investment focus

  • Industry: Energy, Financial Services, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Convertible Note
  • Geography: Italy, United Kingdom, United States

Investor stats

  • Total investments: 122
  • Round size: Post-IPO Debt $112M–$2.5B; Debt Financing $878k–$1.1B; Convertible Note $299k–$2.2M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • NextGeo
  • Goglio Group — Goglio Group produces full trademark food packaging.
  • EuroGroup Laminations — We develop and produce stators and rotors solutions for the energy transition, guaranteeing maximum efficiency and sustainability on a global scale.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 3 investments in Italy Hardware startups

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Finland, Switzerland

Investor stats

  • Total investments: 158
  • Round size: Seed $505k–$6.6M; Pre-Seed $1.3M–$3.1M; Series A $1.6M–$16M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $57M in 2023

Portfolio highlights

  • Kvantify — Quantum computing will revolutionize many aspects of computing. We can help your business harness the full potential of Quantum Computing and High-Performance Computing today.
  • ALLSIDES — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.
  • Wave Photonics — Wave Photonics is leading the revolution in rapid PIC design technology. We are enabling rapid, fabrication-tolerant photonic integrated circuit development for any wavelength or platform.
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RedSeed Ventures
VC Fund · Milano, Lombardia, Italy · 3 investments in Italy Hardware 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, Medical, Big Data
  • Stage:Seed, Series A
  • Geography: Italy, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $669k–$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 offers a global network of ground stations, providing seamless, cost-effective satellite communication with scalable solutions for all mission sizes.
  • 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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Pi Campus
VC Fund · Rome, Lazio, Italy · 3 investments in Italy Hardware startups

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.

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Investment focus

  • Industry: Software, Mobile, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 52
  • Round size: Seed $125k–$6.4M; Pre-Seed $100k–$1.6M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Loquis — La prima piattaforma per ascoltare e raccontare il mondo tramite podcast geolocalizzati
  • Intron Health — Voice AI Built for How Africa Speaks Our next-generation intelligent voice model built from the ground up for AfricaUnlike Global systems retrofitted for the continent Sahara v-2 understands how Africa actually sounds Build with Sahara Try Sahara Built for African SpeechFrom Lagos Call Centers, to Hospitals in Nairobi, Boardrooms in Cape Town, and Courtrooms in
  • Cyberwave — Transform your industry with AI-defined robotics. Frictionless automation that makes advanced robotics accessible to manufacturers of all sizes.
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Levante Capital
VC Fund · Milan, Lombardia, Italy · 3 investments in Italy Hardware startups

European Technologies, Asian Horizons

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Investment focus

  • Industry: Internet of Things, AgTech, Hardware
  • Stage:Series A, Seed
  • Geography: Italy

Investor stats

  • Total investments: 6
  • Round size: Series A $3.1M–$6M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • PhotonPath — Enabling seamless integration between Photonics and Electronics for a faster, more connected and sustainable future
  • Cynomys — Cynomys is the first company to have patented an IoT solution for monitoring environmental parameters and consumption rates in animal farms. We developed a self-contained device that allows to control over 30 parameters that affect animal welfare, environmental impact, farm consumptions and hence the overall productivity of the farm, all from oursecure cloud platform. We deliver our solutions to any kind of livestock farm. We have been on the market since 2018 and as per September 2020 we have customers in Italy, Spain, France, The Netherlands and Mexico. Our main customers are animal feed producers and distributors, as well as medium and large livestock companies. Our management team is composed of three highly qualified people with experience in technology building, software and hardware development and testing and communication. They are fully committed to help the livestock sector become more conscious and sustainable.
  • Hiro Robotics — Embrace a paradigm shift by revolutionizing the way the immense value contained in electronic waste is extacted through recycling.
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Lightspeed Venture Partners
VC Fund · Menlo Park, California, United States · 3 investments in Italy Hardware startups

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 1348
  • Round size: Seed $2M–$25M; Series A $6M–$80M; Series B $12M–$120M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $2.4B in 2022

Portfolio highlights

  • Seel — Peace of mind for shoppers and increased conversion rate for merchants. Available on Shopify App Store.
  • Alchemy — Whether you're a beginner, working on a side project, or one of the largest teams in the blockchain space, Alchemy makes Ethereum development easy with enhanced APIs, node infrastructure, and developer tooling. Get started for free!
  • Scrut Automation — Scrut Automation makes ISO 27001, SOC 2, GDPR and PCI DSS compliance easy, with 70% less Manual effort
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PranaVentures
VC Fund · Milano, Lombardia, Italy · 3 investments in Italy Hardware startups

PranaVentures is an operational venture capital fund launched in 2021 with the goal of filling the funding gap between newly established and startup companies supporting them to grow and quickly reach the next stage of development. The investment strategy is focused on seed and post-seed startups operating in the digital space, with an interest ininnovative sectors such as artificial intelligence, blockchain, software as a service (SaaS), e-commerce and marketplaces. Leveraging a wide network of stakeholders, PranaVentures supports emerging entrepreneurs with capital and strategic expertise.

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Investment focus

  • Industry: SaaS, Tourism, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, India

Investor stats

  • Total investments: 19
  • Round size: Seed $329k–$3.3M; Pre-Seed $549k–$5.2M; Series A $3.3M–$16M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $43M in 2021

Portfolio highlights

  • Cosmico — We are the platform connecting digital talents with the most ambitious companies, using remote work.We have over 8,000 members and our talents have accelerated dozens of projects alongside big names like Accenture Song, Tangity, Frog, Fjord, Sketchin, EY but also aggressive start-ups like Scalapay, Gimme5, Flowe, Unguess.If you are a digitalprofessional: we offer you a community in which to grow your talent through experiences, networks and cosmic projects.If you are a company: we offer you access to a community of designers, developers and marketers from which to select the talents to accelerate your digital transformation projects. Whether you are a manager or a digital professional, Cosmico is here to help you find your space
  • CloudSEK — CloudSEK leverages contextual AI to predict and prevent cyber threats. Keep your organisation safe and secure.
  • GetPica — GetPica is the cutting-edge platform for event organizers to engage event participants with their personal photos and videos in real time. Explore all solutions
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The Techshop
VC Fund · Milan, Lombardia, Italy · 3 investments in Italy Hardware startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $658k–$8.1M; Pre-Seed $658k–$38M; Series A $8.2M–$120M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • hlpy — hlpy operates as a roadside assistance company. Hlpy provides a digital roadside assistance service via a network of 580+ centers, 1,900+ drivers/mechanics, 2,800+ tow trucks.
  • Klaaryo
  • Smartness — Smartpricing is a provider of computer software application and revenue management system solutions to Hotel.
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035 Investimenti
VC Fund · Bergamo, Lombardia, Italy · 3 investments in Italy Hardware startups

035 Investimenti

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Investment focus

  • Industry: Electronics, Manufacturing, Electric Vehicle
  • Stage:Seed, Series A, Convertible Note
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Daze — Discover Daze's innovative electric car charging systems. The only charging systems with integrated load balancing.
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Neva SGR
VC Fund · Turin, Piemonte, Italy · 3 investments in Italy Hardware startups

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

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Investment focus

  • Industry: Software, FinTech, Finance
  • Stage:Series B, Series A
  • Geography: Italy, United States, Israel

Investor stats

  • Total investments: 44
  • Round size: Series A $5.5M–$75M; Series B $13M–$863M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Caracol — Lead the future of manufacturing thanks to Caracol's 3D printing technologies. Discover our solutions for industrial, Large Format Additive Manufacturing.
  • Classiq Technologies — A software platform that helps users create scalable complex quantum computer algorithms, software, and circuits for any gate-based quantum computer
  • CoreTigo — CoreTigo provides high-performance IO-Link Wireless communication solutions for machine builders, system integrators & industrial equipment manufacturers.
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Nico Rosberg
Angel · Wiesbaden, Hessen, Germany · 2 investments in Italy Hardware startups

Nico Rosberg is a sustainability entrepreneur, investor and 2016 Formula One World Champion.

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Investment focus

  • Industry: Information Technology, Software, Logistics
  • Stage:Seed, Series A
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Fyxer AI — Save 1 hour every day with an AI assistant. Fyxer AI organizes your inbox, drafts extraordinary emails and writes better-than-human meeting notes.
  • SECJUR — Secjur provides a platform for automated compliance using AI. The startup's technology streamlines procedures in the Digital Compliance Office for areas including data security, anti-money laundering, and whistleblowing.
  • Black Forest Labs — Black Forest Labs creates advanced generative deep learning models for images and videos. They focus on making these technologies widely accessible and transparent, ensuring that their innovations are easy to use and understand. This approach aims to democratize access to cutting-edge technology and foster greater trust and utility.
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40Jemz Ventures
VC Fund · Verona, Veneto, Italy · 2 investments in Italy Hardware startups

40Jemz Ventures is an investment firm. Its mission is to identify and finance the most promising early-stage businesses.

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Investment focus

  • Industry: Artificial Intelligence, Software, Generative AI
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Italy

Investor stats

  • Total investments: 12
  • Round size: Seed $439k–$6.2M; Pre-Seed $338k–$4.2M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Keplero AI — Configura un Assistente AI che risponde ai tuoi clienti 24/7 sul tuo sito web, su WhatsApp, sui social media e alla tue email.
  • NEOCAD — NEOCAD is a software company that provides generative artificial intelligence solutions for CAD design processes.
  • Stepsconnect — Trova candidati delle Nuove Generazioni. Offriamo tools di AI per trovare rapidamente i migliori candidati sui Social Network e nei nuovi canali.
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Family, Friends & Angels
Angel · 2 investments in Italy Hardware startups

Family, Friends & Angels

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Investment focus

  • Industry: SaaS, Software, E-Commerce
  • Stage:Seed, Convertible Note
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Round size: Seed $494k–$878k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Zakeke — Try out Zakeke's 3D Product Configurator & Customizer plugin for eCommerce. Let customers craft & buy their dream products. Try for free!
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Pariter Partners
VC Fund · Milano, Lombardia, Italy · 2 investments in Italy Hardware startups

Pariter Partners is a largest Syndicate in Italy, investing in early stage deep-tech teams and advanced service solution startups.

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Investment focus

  • Industry: Electronics, Semiconductor, Nanotechnology
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 4
  • Round size: Seed $878k–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • J4Energy — J4ENERGY is a digital energy platform that uses "Energy Co-Pilot" technology to assist industrial decision-makers in decarbonisation processes. The platform reduces costs and emissions by over 50% at various plants, aims to accelerate the energy transition in the industrial sector.
  • Eye2Drive — Eye2Drive designs bio-inspired, AI-ready CMOS image sensors for autonomous navigation, eliminating flickering and ghosting while significantly enhancing safety.
  • Fluid Wire Robotics — Fluid Wire Robotics sets the new standard for robots in harsh environments. We design innovative robotic arms that excel in radioactive, explosive, space, and subsea applications, avoiding the complexity and cost of traditional solutions. Our technology ensures unparalleled safety, reliability, and efficiency, redefining robot design for any challenging environment without performance loss. Discover our groundbreaking approach and robust, versatile solutions.
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United Ventures
VC Fund · Milan, Lombardia, Italy · 2 investments in Italy Hardware startups

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

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 79
  • Round size: Seed $274k–$10M; Series A $3.3M–$18M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $176M in 2023

Portfolio highlights

  • Entando — The open source, cloud-native Application Composition Platform, Entando Platform simplifies app lifecycle, following composable architecture.
  • Wallife — Wallife is an InsurTech company that helps in eliminating improper use of biometric data. The company protects against new risks originating from technological and scientific progress in the areas of genetics, biometrics, and biohacking. Wallife was founded in 2020 and is headquartered in Roma, Lazio, Italy.
  • Everli — Scegli il supermercato, fai la spesa online e ricevila a casa all'ora che preferisci. Risparmia tempo ed evita code e borse pesanti con Everli.
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Atlante Seeds
VC Fund · Milano, Lombardia, Italy · 2 investments in Italy Hardware startups

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

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Investment focus

  • Industry: Sports, Hardware, Incubators
  • Stage:Seed, Series A
  • Geography: Italy, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $434k–$745k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Sellf — Sellfapp, the CRM Mobile for an easier sales tracking and clients managing. Ask for more information and download our 14 days free trials.
  • GoPillar — Get dozens of high quality projects from professional designers: easy, fast and on a budget. Redesign your space on GoPillar.
  • 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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Cysero
VC Fund · Bergamo, Lombardia, Italy · 2 investments in Italy Hardware startups

Cysero is a venture capital fund focused on the robotics and cybersecurity sectors. The fund was established in October 2020 and managed by AVM Gestioni SGR S.p.A. Manager EuVECA Società Benefit and jointly promoted with Kilometro Rosso, Bergamo's science and technology park.

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Investment focus

  • Industry: Information Technology, Robotics, Mobile
  • Stage:Seed, Series A
  • Geography: Italy

Investor stats

  • Total investments: 7
  • Round size: Seed $2.1M–$5.5M
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • Octostar — Octostar is the AI-powered investigative intelligence platform for law enforcement, national security, and financial institutions. Connect the dots and discover the facts across petabytes of data.
  • TrueScreen — Certify photo, video, screenshot, document and audio recording with legal value. Prevent fraud and disputes obtaining indisputable evidences
  • Next Generation Robotics — Next Generation Robotics is a company that manufactures robotic systems for inspection and monitoring for the railway industry.
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Green Arrow Capital
VC Fund · Milan, Lombardia, Italy · 2 investments in Italy Hardware 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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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Series A $1.5M–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Directa Plus — Directa Plus is a nanotechnology company, manufactures nanoparticles.
  • Maticmind S.p.A — Maticmind S.p.A is a company that provides ICT and system integration solutions to telecommunications operators.
  • 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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Andrea Dusi
Angel · Verona, Veneto, Italy · 2 investments in Italy Hardware startups

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.

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Investment focus

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

Investor stats

  • Total investments: 15
  • Round size: Seed $150k–$6M; Series A $3.8M–$15M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Talyn Air — Inspired by two-stage rockets, our innovative eVTOL uses two flight vehicles to transform flight. Fixed-wing performance with VTOL capabilities.
  • BillionToOne — We are a team at the forefront of disease detection focused on moving Prenatal Screening and Liquid Biopsy forward.
  • CaSRevolution — A novel disease-modifying approach against neurodegeneration
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DVR Capital
VC Fund · Lombard, Illinois, United States · 2 investments in Italy Hardware startups

DVR Capital offers M&A advisory and private equity as well as equity services for businesses, financial investors, and multinationals

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Investment focus

  • Industry: Gamification, Social Impact, Natural Resources
  • Geography: Italy

Investor stats

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

Portfolio highlights

  • Treedom — Grow a tree and follow the story of the project of which it is a part.
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2100 Ventures
VC Fund · London, England, United Kingdom · 2 investments in Italy Hardware startups

We are an early-stage fund built to help the next generation of European heroes defy the odds and build century-defining businesses.

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Investment focus

  • Industry: Software, SaaS, Manufacturing
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, United Kingdom, Switzerland

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Ewake — Ewake.ai is your AI Production Teammate that seamlessly integrates with your production environment to bring reliability proactively and reactively. Never miss the heartbeat of your systems with our ambient agent for production reliability.
  • EraDrive — AI-powered vision to navigate, operate, and collaborate in space for commercial and military applications - safely, precisely and intelligently.
  • Good Heat — Good Heat delivers zero-carbon heat as a service to industrial heat users.
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Creative Thinking Ventures
VC Fund · Albertville, Rhone-Alpes, France · 2 investments in Italy Hardware startups

Creative Thinking Ventures is a micro-venture capital fund for very early-stage ventures, focusing on start-ups and innovative SMEs.

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Investment focus

  • Industry: E-Commerce, SaaS, Tourism
  • Stage:Seed, Pre-Seed
  • Geography: Italy

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • Worldz — Thanks to its algorithm, Worldz calculates the economic value of a user’s social popularity (qualitatively and quantitatively). In proportion to this value, it provides a personalized discount, which can be applied in exchange for a social sharing by the user on their Instagram or Facebook profile. This share refers to the brand or productpurchased and the content of the post can be pre-configured by the brand. A user’s social post increases the Brand Awareness and can generate new traffic to the store. This kind of sharing is perceived by the social community as a friend’s advice and not as a promotional activity.
  • Gardenstuff — GardenStuff manifactures technological and design articles for plants anf flower integration: Gardening, plant pots, tools, bulbs, flowerpots, planters, plants, fertilizers
  • The Social Lender — The Social Lender is a peer-to-peer lending business platform that allows applicants to obtain funding from private and institutional investors, in order to support growth and development of their business and their projects, and where lenders can invest in security actively intervening in the Royal Economy.
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3LB Seed Capital Srl
VC Fund · Torino, Piemonte, Italy · 2 investments in Italy Hardware startups

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.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 21
  • Round size: Seed $71k–$2.5M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • YoAgents — Yo Agents nasce dalla unione delle competenze di ogni singolo founder messe a fattor comune per creare un sales hub innovativo.
  • Botsociety — Your conversational design suite. Design and prototype your next chatbot or voice assistant. Create a mockup of your project on Messenger, Slack, Google Assistant, Alexa and more. The next generation design solution for chatbots and voice.
  • 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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Hardware Investor funding in Italy at a glance

Stats across 48 deals from 66 investors.

66
investors
in Italy Hardware startups
48
deals
in Italy Hardware startups
$664k
median round
in Italy Hardware startups
32%
lead investors
lead at least one round
29%
Seed
most common funding stage
94/6
VC / Angel
share of investor count

Access all 66 investors in Italy Hardware startups.

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