# NUO Capital

> NUO Capital is a VC fund in Milan backing Software and E-Commerce. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Milan, Italy
- Total investments: 8
- Last investment: Jan 2024
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://in.linkedin.com/company/n-u-o-capital
- Website: http://www.nuocapital.com/

NUO Capital is a VC fund in Milan focused on Software and E-Commerce. “NUO Capital is honored to join Artemest, by far the most promising Italian luxury design online platform, with a strong management team and passionate shareholders. With Their investments they aim to create a bridge between Italian excellence and Asian society, which is ready for true quality and keen to get it also online.“

## Contacts

5 contacts available for NUO Capital. Shizune tracks 1 team members at NUO Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nuo-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 38% |
| E-Commerce | 2 | 25% |
| Semiconductor | 2 | 25% |
| Fashion | 1 | 13% |
| Jewelry | 1 | 13% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 3 | 38% |
| Venture - Series Unknown | 2 | 25% |
| Series A | 1 | 13% |
| Series B | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 2 | 25% |
| Italy | 2 | 25% |
| United States | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Tommaso Paoli | CEO | 2 | https://shizune.co/investors/profile/tommaso-paoli |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Bending Spoons | Bending Spoons is a fast-growing tech company focused on building and marketing mobile applications. Despite being such a young company, we've already achieved notable results, with tens of millions of downloads of our apps, and millions of users active every month. Our goal? Becoming the #1 app developer and publisher in the world. And ourambitions don't end there!We invest immensely in our team, and we couldn't be more proud of each other. We are a group of extremely young, talented, and ambitious software engineers, data scientists, and graphic designers, with among our ranks entrepreneurs that raised money from prestigious VCs, ex-CERN, ex-Google, and ex-McKinsey. We work from our amazing headquarters in Milan, but also support remote work.We're always on the lookout for people that want to be part of our über-challenging journey to build one of the greatest tech companies in the world. If that sounds exciting to you, don't hesitate to apply at http://bendingspoons.com/careers.html. | $156.9M | Venture - Series Unknown | Jan 26, 2024 |  |
| Bending Spoons | Bending Spoons is a fast-growing tech company focused on building and marketing mobile applications. Despite being such a young company, we've already achieved notable results, with tens of millions of downloads of our apps, and millions of users active every month. Our goal? Becoming the #1 app developer and publisher in the world. And ourambitions don't end there!We invest immensely in our team, and we couldn't be more proud of each other. We are a group of extremely young, talented, and ambitious software engineers, data scientists, and graphic designers, with among our ranks entrepreneurs that raised money from prestigious VCs, ex-CERN, ex-Google, and ex-McKinsey. We work from our amazing headquarters in Milan, but also support remote work.We're always on the lookout for people that want to be part of our über-challenging journey to build one of the greatest tech companies in the world. If that sounds exciting to you, don't hesitate to apply at http://bendingspoons.com/careers.html. | $109.5M | Venture - Series Unknown | Aug 03, 2023 |  |
| Dongfang Jingyuan Electron | Dongfang Jingyuan Electron Ltd is a semiconductor equipment and software company that focuses on integrated circuit production management. | $141.7M |  | Nov 25, 2022 |  |
| DJEL | DJEL is a semiconductor equipment and software company specializing in integrated circuit yield management. DJEL manufactures advanced semiconductors with real-time optimized systems and technical solutions for chip design, manufacturing, and testing. | $139.8M | Venture - Series Unknown | Nov 24, 2022 |  |
| Artemest | Artimest serves as an online destination for timeless craft. You can meet Italy's finest craftsmen, explore their unique workshops, and find one-of-a-kind pieces. Artimest brings connoisseurs everywhere wonderful handmade products crafted by exceptional artisans in Italy.Artemest offers a unique shopping experience through curatededitorial content and exceptional videos. Its team includes international experienced professionals coming from luxury retail, e-commerce and editorial. Explore the varied worlds of home décor, jewelry and fine art as they change in character from region to region, and observe each artisan in his workshop as he describes his process and worldview. | $5M | Series B | Aug 04, 2020 |  |
| Slowear | Slowear selects the best brands and quality products from the International fashion panorama. |  |  | Oct 12, 2018 |  |
| Artemest | Artimest serves as an online destination for timeless craft. You can meet Italy's finest craftsmen, explore their unique workshops, and find one-of-a-kind pieces. Artimest brings connoisseurs everywhere wonderful handmade products crafted by exceptional artisans in Italy.Artemest offers a unique shopping experience through curatededitorial content and exceptional videos. Its team includes international experienced professionals coming from luxury retail, e-commerce and editorial. Explore the varied worlds of home décor, jewelry and fine art as they change in character from region to region, and observe each artisan in his workshop as he describes his process and worldview. | $5M | Series A | Mar 29, 2018 |  |
| Bending Spoons | Bending Spoons is a fast-growing tech company focused on building and marketing mobile applications. Despite being such a young company, we've already achieved notable results, with tens of millions of downloads of our apps, and millions of users active every month. Our goal? Becoming the #1 app developer and publisher in the world. And ourambitions don't end there!We invest immensely in our team, and we couldn't be more proud of each other. We are a group of extremely young, talented, and ambitious software engineers, data scientists, and graphic designers, with among our ranks entrepreneurs that raised money from prestigious VCs, ex-CERN, ex-Google, and ex-McKinsey. We work from our amazing headquarters in Milan, but also support remote work.We're always on the lookout for people that want to be part of our über-challenging journey to build one of the greatest tech companies in the world. If that sounds exciting to you, don't hesitate to apply at http://bendingspoons.com/careers.html. |  |  |  |  |

8 of 8 investments shown.

## Co-investors
- [Tamburi Investment Partners](https://shizune.co/investors/profile/tamburi-investment-partners) — VC Fund, 3 deals together
- [An Xin Capital](https://shizune.co/investors/profile/an-xin-capital) — VC Fund, 2 deals together
- [Baillie Gifford](https://shizune.co/investors/profile/baillie-gifford) — VC Fund, 2 deals together
- [Beijing E-town International Investment & Development](https://shizune.co/investors/profile/beiid) — VC Fund, 2 deals together
- [CCB International](https://shizune.co/investors/profile/ccb-international) — VC Fund, 2 deals together
- [CGII Private Fund](https://shizune.co/investors/profile/cgii-private-fund) — VC Fund, 2 deals together

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## FAQ

### What does NUO Capital invest in?

NUO Capital invests primarily in Software, E-Commerce and Semiconductor startups, most often at Funding Round and Venture - Series Unknown stage. Most of the 8 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact NUO Capital?

Public channels for NUO Capital include LinkedIn 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 NUO Capital?

The team at NUO Capital includes Tommaso Paoli (CEO). 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.

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