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Top 10 Video Games Startup Investors in Italy (October 2026)

The most active venture capital funds and angel investors investing in Italy Video Games startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Italy Video Games startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Club Italia Investimenti 2
VC Fund
4 Italy, United States, United Kingdom Seed, Venture - Series Unknown, Pre-Seed E-Commerce, Software, Mobile $55k–$8.2M
Game Seer Venture Partners
VC Fund
3 Spain, Canada, France Venture - Series Unknown, Seed Gaming, Video Games, PC Games $250k–$3.4M
Opes Italia
VC Fund
1 Italy, Spain Venture - Series Unknown, Series A, Seed E-Commerce, Leisure, Medical $440k–$7.5M
Toscana Next Fund
VC Fund
1 Italy Series A, Seed Manufacturing, Robotics, Electronics $1.6M–$6.1M
GrowthX
VC Fund
1 United States, Canada, Italy Seed, Pre-Seed, Convertible Note Software, SaaS, Machine Learning $250k–$4M
Match Ventures
VC Fund
1 Italy Seed, Series A Video Games, Broadcasting, Video Streaming
United Ventures
VC Fund
1 Italy, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, FinTech $406k–$55M
20Fund
VC Fund
1 Italy Seed, Pre-Seed, Venture - Series Unknown Health Diagnostics, Fitness, Software
Frontech Accelerator
VC Fund
1 Italy Seed Video Games, Broadcasting, Video Streaming
National Technology Transfer Center for Artificial Intelligence and Cybersecurity
VC Fund
1 Italy Seed Video Games, Broadcasting, Video Streaming
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Investor list

Club Italia Investimenti 2
VC Fund · Milan, Lombardia, Italy · 4 investments in Italy Video Games 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, Venture - Series Unknown, Pre-Seed
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 85
  • Round size: Seed $55k–$576k; Pre-Seed $69k–$219k; Venture - Series Unknown $686k–$8.2M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $6.6M 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 — Paragraph's agent turns your company context into posts, newsletters, social campaigns, and landing pages, then ships the work you approve.
  • 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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Game Seer Venture Partners
VC Fund · Aschaffenburg, Bayern, Germany · 3 investments in Italy Video Games startups

Game Seer: Indie game funding and financing. Empowering creative freedom, offering industry expertise, and helping studios create successful titles.

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Investment focus

  • Industry: Gaming, Video Games, PC Games
  • Stage:Venture - Series Unknown, Seed
  • Geography: Spain, Canada, France

Investor stats

  • Total investments: 22
  • Round size: Seed $1.3M–$1.3M; Venture - Series Unknown $250k–$3.4M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • TavroxGames — TavroxGames is a game development company working on turn-based games. Our objective is to make interesting games inspired by real-life social issues while still keeping the fun! Is that possible?
  • Old Skull Games — Old Skull Games is a new breed of game developers.
  • Half Sword Games — Half Sword Games is an indie studio developing a physics-based medieval combat simulator.
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Opes Italia
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Video Games startups

Opes Italia Sicaf Euveca is an impact investing Venture Capital fund. Our aim is to invest in companies based in Italy, or with prevalent activity in the country, and that propose solutions that generate a strong social impact and create positive externalities for the community and the territory.

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Investment focus

  • Industry: E-Commerce, Leisure, Medical
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Italy, Spain

Investor stats

  • Total investments: 13
  • Round size: Seed $440k–$536k; Series A $2.3M–$7.5M; Venture - Series Unknown $2.2M–$4.9M
  • Lead/follow: 77% lead, 23% follow

Portfolio highlights

  • Baluwo — Providing basic essentials has never been this easy. Sending money is not always the solution so we provide easy, fast & convenient ways to send prepaid electricity top-ups, mobile top-ups and basic food items to support your family back home in The Gambia, and very soon in Senegal and Nigeria.
  • Freedome — Freedome is the leading marketplace for outdoor activities in Italy
  • GenomeUp — Rome-based healthtech startup that offers an ecosystem of AI-powered solutions for genetic analysis and clinical decision support for diseases. GenomeUp's mission is to be a global reference platform to support clinical decision-making for hospitals, laboratories, research centers, and pharmaceuticals to accelerate diagnosis times, improvepatient care and provide knowledge for health prevention, all in less than 24h. Based on these assumptions, the founders decided to evolve the startup and transform it into a Italian Benefit Corporation following the purpose of common benefit by acting responsibly, sustainably and transparently towards stakeholders, people, communities, the territory and the environment.
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Toscana Next Fund
VC Fund · Rome, Lazio, Italy · 1 investments in Italy Video Games 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:Series A, Seed
  • Geography: Italy

Investor stats

  • Total investments: 8
  • Round size: Seed $1.6M–$1.9M; Series A $4.9M–$6.1M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Biorsaf — Biorsaf is an IT company that develops mobile apps and web control panels to assist companies to bring efficiency to their operations.
  • 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.
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GrowthX
VC Fund · San Francisco, California, United States · 1 investments in Italy Video Games startups

We help B2B founders turn product momentum into revenue growth through expert coaching programs and a proprietary AI platform.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Canada, Italy

Investor stats

  • Total investments: 51
  • Round size: Seed $250k–$4M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • FleetPanda — 100% cloud and smart phone based. No hardware, No install required. Try for 2 weeks before you buy.
  • HouseKeys — HouseKeys is a for-profit / nonprofit hybrid focused on the economic empowerment of income-eligible households seeking affordable housing options for rent or purchase in high-cost metro and rural areas. We began in 2015, serving as a 3rd-Party contracted Housing Department for Bay Area cities who needed staffing and systems to run theirhousing programs. The next iteration of our company will be to grow our database of low-to-moderate income households and connect them with housing opportunities in California, nationwide, and urbanizing metro areas throughout the world.
  • Aerotrax — The Next Generation of Aircraft Maintenance Software. Aerotrax is an enterprise software company focused on digitally tracking the lifecycle of every aircraft, part, and component.
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Match Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Italy Video Games startups

Match Ventures operates as a Luxembourg-based venture capital firm exclusively focused on sports technology investments. The firm targets startups from seed to Series B stages that enhance athletic performance, fan engagement, and sports business operations through technologies like performance analytics and AI-driven tools.

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Investment focus

  • Industry: Video Games, Broadcasting, Video Streaming
  • Stage:Seed, Series A
  • Geography: Italy

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • SportIQ — SportIQ's SIQ Smart Basketball is world's only smart basketball approved by FIBA. Follow us on Instagram: @siqbasketball
  • 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.
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United Ventures
VC Fund · Milan, Lombardia, Italy · 1 investments in Italy Video Games 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, Series B
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 87
  • Round size: Seed $406k–$10M; Series A $3.3M–$15M; Series B $11M–$55M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $166M in 2023

Portfolio highlights

  • Cleafy — A new era for online fraud management: Cleafy combines in real-time all the most advanced fraud detection technologies in one fraud management solution.
  • Iusful — Iusful is a legal services company that provides legal solutions for contracts, intellectual property, and compliance.
  • Beelzebub — A secure low code deception runtime framework, leveraging AI for System Virtualization.
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20Fund
VC Fund · Torino, Piemonte, Italy · 1 investments in Italy Video Games startups

A catalyst for Italian female disruptors

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Investment focus

  • Industry: Health Diagnostics, Fitness, Software
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Italy

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Holifya — Holifya offre test del DNA avanzati e piani di salute personalizzati per ottimizzare nutrizione, metabolismo, performance sportive e prevenzione. Con un unico test, scopri intolleranze, rischi genetici e strategie su misura per migliorare il benessere, tutto comodamente da casa.
  • Relicta — Relicta solution is a water-soluble bioplastic material obtained from fish processing waste and suitable for packaging solutions.
  • Develop Players — Supporto clinico per ADHD e DSA online. Aiutiamo adulti, bambini e ragazzi con screening, potenziamento e percorsi psicologici personalizzati.
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Frontech Accelerator
VC Fund · Cagliari, Sardegna, Italy · 1 investments in Italy Video Games startups

Hai una startup e ti stai misurando con AI, web3, metaverso o altre tecnologie di frontiera? Scopri il programma Frontech.

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Investment focus

  • Industry: Video Games, Broadcasting, Video Streaming
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% 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.
Show all investments...

National Technology Transfer Center for Artificial Intelligence and Cybersecurity
VC Fund · 1 investments in Italy Video Games startups

National Technology Transfer Center for Artificial Intelligence and Cybersecurity is a specialized Italian investment vehicle formed as a partnership between CDP Venture Capital (part of Cassa Depositi e Prestiti) and Scientifica Venture Capital. It focuses on channeling public funds into frontier technologies, particularly AI and cybersecuritystartups, often through programs like the CDP National Accelerator Network.

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Investment focus

  • Industry: Video Games, Broadcasting, Video Streaming
  • Stage:Seed
  • Geography: Italy

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% 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.
Show all investments...

Video Games Investor funding in Italy at a glance

Stats across 17 deals from 22 investors.

22
investors
in Italy Video Games startups
17
deals
in Italy Video Games startups
$171k
median round
in Italy Video Games startups
45%
lead investors
lead at least one round
47%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 22 investors in Italy Video Games startups.

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