# Italian Angels for Growth

> Italian Angels for Growth is a VC fund backing Software and E-Commerce. See 105 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Milan, Italy
- Total investments: 105
- Last investment: May 2026
- Lead investor: 23%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/840837
- X (Twitter): http://twitter.com/italianangels
- Website: http://www.italianangels.net
- Facebook: http://www.facebook.com/Italian-Angels-for-Growth/10150115

Italian Angels for Growth is a VC fund in Milan focused on Software and E-Commerce. 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.

## Contacts

5 contacts available for Italian Angels for Growth. Shizune tracks 12 team members at Italian Angels for Growth. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/italian-angels-for-growth?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $329k–$5.1M |
| Angel | $219k–$987k |
| Series A | $3M–$14M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 18 | 17% |
| E-Commerce | 14 | 13% |
| Health Care | 14 | 13% |
| Artificial Intelligence | 12 | 11% |
| Biotechnology | 11 | 10% |

141 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 37 | 35% |
| Angel | 19 | 18% |
| Series A | 16 | 15% |
| Funding Round | 10 | 10% |
| Pre-Seed | 7 | 7% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Italy | 54 | 51% |
| United States | 11 | 10% |
| United Kingdom | 6 | 6% |
| Israel | 3 | 3% |
| Spain | 1 | 1% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Francesco Marini Clarelli | Onorary Chairman | 1 | https://shizune.co/investors/profile/francesco-marini-clarelli |
| Leonardo Giagnoni | Managing Director | 1 | https://shizune.co/investors/profile/leonardo-giagnoni |
| Nicoletta Morra | Investment Analyst | 0 | https://shizune.co/investors/profile/nicoletta-morra |
| Roberto Scibetta | Director | 0 | https://shizune.co/investors/profile/roberto-scibetta |
| Alessandro Rufo | Angel Investor | 0 | https://shizune.co/investors/profile/alessandro-rufo-8f5a |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| AUDIOGEN | Audiogen makes audio production 100x faster for music, film, and game makers. | $2.2M | Seed | May 26, 2026 |  |
| Cato AI | Cato AI is a Milan-based B2B SaaS startup that uses AI to automate public tender management. | $1.9M | Pre-Seed | Apr 15, 2026 |  |
| Alomana | Alomana is an organization that focuses on harnessing the power of artificial intelligence and data analytics to drive insights and innovation across various industries. They offer a range of services, including data analysis, machine learning model development, and AI-driven solutions tailored to meet the specific needs of their clients. Datasparkemphasizes the importance of data-driven decision-making and works closely with businesses to implement strategies that enhance operational efficiency and improve outcomes. With a commitment to advancing the use of AI and data analytics, Dataspark aims to empower organizations to unlock the full potential of their data and stay competitive in a rapidly changing market. | $4.6M | Seed | Mar 16, 2026 |  |
| Qura | Qura platform is designed as a GDPR-compliant, EU-native system that complies with medical standards and is integrated with regional laboratory networks. | $1.8M | Pre-Seed | Mar 03, 2026 |  |
| Sizable energy | Sizable Energy addresses the critical need for secure, affordable, and sustainable energy storage. Sizable Energy patented technology and straightforward design extends pumped hydro deployment to any offshore location with a depth of at least a few hundred meters. By leveraging a novel, modular, and easily deployable method, we utilize thegravitational potential of a solution 20% heavier than seawater, like saturated sea salt brine, within seawater. | $8.8M | Seed | Oct 22, 2025 |  |
| Nanoligent | Nanoligent is a biotech company, spin-off of the Universitat Autònoma de Barcelona (UAB) and Institut de Recerca de l'Hospital de la Santa Creu I Sant Pau. We are dedicated to drug design and development of targeted-therapeutic biologics .Nanoligent mision is to improve the life of patients by designing new medicines that selectively targetthe cells affected by disease. With this approach we develope treatments that are more effective and have fewer adverse effects than classical drugs. | $14.1M | Series A | Oct 06, 2025 |  |
| Pillar | Pillar is shaping a world where every construction company—regardless of size—is resilient, financially sound, and empowered with the tools and insights needed to navigate uncertainty, manage risk, and achieve long-term growth in a volatile industry. | $3.8M | Pre-Seed | Sep 23, 2025 |  |
| Almanax | Almanax provides AI-powered security tools for web3. | $1M | Venture - Series Unknown | Jan 22, 2025 |  |
| Restorative Neurotechnologies | Restorative Neurotechnologies is focusing on the development of medical devices and innovative solutions for rehabilitation and cognitive enhancement. | $3.3M | Series A | Nov 05, 2024 |  |
| Rubedo Life Sciences | Rubedo Life Sciences mission is to treat age-related diseases to extend health-span targeting senescence and stem cells. | $40M | Series A | Apr 22, 2024 |  |

10 of 105 investments shown.

## Co-investors
- [LVenture Group](https://shizune.co/investors/profile/lventures) — VC Fund, 19 deals together
- [Club degli Investitori](https://shizune.co/investors/profile/club-degli-investitori) — VC Fund, 18 deals together
- [CDP Venture Capital](https://shizune.co/investors/profile/cdp-venture-capital) — VC Fund, 10 deals together
- [Claris Ventures](https://shizune.co/investors/profile/claris-ventures) — VC Fund, 5 deals together
- [Embed Capital](https://shizune.co/investors/profile/embed-capital) — VC Fund, 4 deals together
- [INGENIUM Emilia Romagna](https://shizune.co/investors/profile/ingenium-emilia-romagna) — VC Fund, 4 deals together

## Similar investors

### Similar industry
- [Innova Memphis](https://shizune.co/investors/profile/innova-memphis) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Enterprise Ireland](https://shizune.co/investors/profile/enterprise-ireland) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [CDP Venture Capital](https://shizune.co/investors/profile/cdp-venture-capital) — VC Fund
- [Club degli Investitori](https://shizune.co/investors/profile/club-degli-investitori) — VC Fund
- [Primo Capital](https://shizune.co/investors/profile/barcamper-ventures) — VC Fund

## Featured in investor lists
- [All Investors in Italy](https://shizune.co/investors/investors-italy)
- [All VC Funds in Italy](https://shizune.co/investors/vc-funds-italy)
- [SaaS Investors in Italy](https://shizune.co/investors/saas-investors-italy)
- [SaaS VC Funds in Italy](https://shizune.co/investors/saas-vc-funds-italy)
- [Enterprise Investors in Italy](https://shizune.co/investors/enterprise-investors-italy)
- [Marketplace Investors in Europe](https://shizune.co/investors/marketplace-investors-europe)

## FAQ

### What does Italian Angels for Growth invest in?

Italian Angels for Growth invests primarily in Software, E-Commerce and Health Care startups, most often at Seed and Angel stage. Most of the 105 investments tracked by Shizune back companies in Italy. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Italian Angels for Growth's check size?

Italian Angels for Growth typically joins rounds of $329k–$5.1M at Seed, $219k–$987k at Angel and $3M–$14M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Italian Angels for Growth participates in.

### How do I contact Italian Angels for Growth?

Public channels for Italian Angels for Growth include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Italian Angels for Growth?

The team at Italian Angels for Growth includes Francesco Marini Clarelli (Onorary Chairman), Leonardo Giagnoni (Managing Director) and Nicoletta Morra (Investment Analyst), among 12 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# 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