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Top 10 Video Games VC Funds & Investors in Italy (July 2026)

The most active venture capital funds 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
3 Italy, United States, United Kingdom Seed, Pre-Seed E-Commerce, Software, Mobile $55k–$576k
Game Seer Venture Partners
VC Fund
2 Spain, Canada, Italy Venture - Series Unknown, Seed Gaming, Video Games, iOS
United Ventures
VC Fund
1 Italy, United States, United Kingdom Series A, Seed Software, Information Technology, FinTech $406k–$18M
National Technology Transfer Center for Artificial Intelligence and Cybersecurity
VC Fund
1 Italy Seed Video Games, Broadcasting, Video Streaming
Match Ventures
VC Fund
1 Italy Seed, Series A Video Games, Broadcasting, Video Streaming
Frontech Accelerator
VC Fund
1 Italy Seed Video Games, Broadcasting, Video Streaming
20Fund
VC Fund
1 Italy Venture - Series Unknown Biotechnology, Manufacturing, Sustainability
Opes Italia
VC Fund
1 Italy, Spain Series A, Venture - Series Unknown, Seed E-Commerce, Leisure, Medical $440k–$7.5M
GrowthX
VC Fund
1 United States, Canada, Italy Seed, Convertible Note, Angel Software, SaaS, E-Commerce $250k–$4M
Toscana Next Fund
VC Fund
1 Italy Seed, Series A Manufacturing, Robotics, Electronics $1.6M–$5.8M
Access all 18 VC funds in Italy Video Games startups.

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Investor list

Club Italia Investimenti 2
VC Fund · Milan, Lombardia, Italy · 3 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, 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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Game Seer Venture Partners
VC Fund · Aschaffenburg, Bayern, Germany · 2 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, iOS
  • Stage:Venture - Series Unknown, Seed
  • Geography: Spain, Canada, Italy

Investor stats

  • Total investments: 17
  • Lead/follow: 76% lead, 24% follow
  • Last fund: May invest from a new fund soon — raised $11M in 2019

Portfolio highlights

  • Old Skull Games
  • Half Sword Games — Half Sword Games is an indie studio developing a physics-based medieval combat simulator.
  • Gamera Interactive — Founded in 2016 by industry veterans, Gamera Interactive is a cutting-edge award-winning indie studio focused on digital markets both for consoles and PC. The people behind Gamera Interactive is a crew of professionals combining ages of experience in publishing, development, sales & distribution and covering all the production pipeline withtheir expertise. The core team worked at various title on some of the most famous brands around, ranging from the elder scrolls to unreal tournament.
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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
  • Geography: Italy, United States, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Seed $406k–$10M; Series A $3.3M–$18M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $176M 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.
  • Entando — The open source, cloud-native Application Composition Platform, Entando Platform simplifies app lifecycle, following composable architecture.
  • 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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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.
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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
  • 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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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.
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20Fund
VC Fund · Torino, Piemonte, Italy · 1 investments in Italy Video Games startups

20Fund is a venture capital firm that invests in female founded companies.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Sustainability
  • Stage:Venture - Series Unknown
  • Geography: Italy

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Relicta — Relicta solution is a water-soluble bioplastic material obtained from fish processing waste and suitable for packaging solutions.
  • Develop Players — Develop-Players is a spin-off of the University of Bologna that develops scientifically validated videogames for the neuropsychological screening, assessment, and cognitive training of children and adolescents with Specific Learning Disorders and ADHD. Combining psychometrics, software development, and game design, the company creates engagingtools that help clinicians and families identify cognitive strengths and weaknesses, support early diagnosis, and enhance cognitive functions through playful, evidence-based experiences.
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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:Series A, Venture - Series Unknown, Seed
  • Geography: Italy, Spain

Investor stats

  • Total investments: 12
  • Round size: Seed $440k–$536k; Series A $2.3M–$7.5M; Venture - Series Unknown $2.2M–$4.9M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Baluwo — Toda la ayuda para tu familia en una sola App
  • Freedome — Freedome is the leading marketplace for outdoor activities in Italy
  • GenomeUp — GenomeUp is an AI platform (SaaS) to enabling doctors and clinical institutions to diagnose and treat rare genetic diseases in less than 24h. GenomeUp is involved in international research projects and clinical trials in partnership with universities and research centers.
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GrowthX
VC Fund · San Francisco, California, United States · 1 investments in Italy Video Games startups

We help B2B startups grow revenue systematically.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Convertible Note, Angel
  • Geography: United States, Canada, Italy

Investor stats

  • Total investments: 50
  • 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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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: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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Video Games VC funding in Italy at a glance

Stats across 12 deals from 18 investors.

18
investors
in Italy Video Games startups
12
deals
in Italy Video Games startups
$274k
median round
in Italy Video Games startups
39%
lead investors
lead at least one round
58%
Seed
most common funding stage

Access all 18 VC funds in Italy Video Games startups.

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