30 Best Active Investors in Milan in 2024

In the vibrant investment landscape of Milan, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2024, we've compiled a list of the top investors in Milan, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Milanin the past 12 months (not just investors with offices in Milan). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Milan VCs in 2024 will be tremendously helpful in your journey.


Last update to the database: Sep 24, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 30 top Milan VCs

Sofinnova Partners is a Paris-based venture capital firm investing from seed to later growth stages. They focus on biotech, health tech, and robotics, supporting early to late-stage companies with varying check sizes. Their portfolio includes Bioptimus, Cure51, and Moon Surgical. Sofinnova Partners aims to foster technological advancements and innovation in life sciences and deep tech sectors.

36

Offices:

Paris (HQ)

Milan

London

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$2.5M - $250M

Industries:

Health Tech, Agritech, Foodtech

Top investments in Milan:

Myricx Bio (
75)
, Mnemo Therapeutics (
60)
, Moon Surgical (
60)

Banco BPM, based in Milan, emerged from the merger of Banco Popolare and Banca Popolare di Milano. The venture capital fund provides debt financing to companies, focusing on mobile technology and enterprise software. It does not write checks for exact amounts but aims to support growth. An example of their investment is in Bending Spoons. Leveraging the experience of its predecessor banks, Banco BPM offers modern solutions and a strong network to support both individuals and businesses.

33

Offices:

Milan

Investment Stage:

Debt Financing

Check Size:

$500M - $1B

Industries:

Mobile, Enterprise Software

Top investments in Milan:

Bending Spoons (
52)

UniCredit Group, a venture capital fund based in Milan, focuses on empowering communities and individuals across Europe. They invest in various stages, including early and later rounds, supporting industries such as real estate tech, fintech, agtech, and e-commerce. Notable investments include Meniga, solarisBank, and GetYourGuide. Operating across Europe with the strengths of 13 banks, UniCredit Group aims to unlock potential and foster progress. Their core values of integrity, ownership, and care drive their mission to build the bank of the future.

32

Offices:

Milan

Investment Stage:

Debt Financing, Seed, Series A, Series F

Check Size:

$5M - $250M

Industries:

Fintech, Agritech, Proptech & Real Estate

Top investments in Milan:

GetYourGuide (
60)
, solarisBank (
60)
, Meniga (
48)

H14 is a venture capital fund based in Milan, investing in early to later-stage startups. They support businesses in travel, ecommerce, and AI, with notable investments in companies like Contentsquare and GetYourGuide. H14 aims to help entrepreneurs grow their ventures across Europe. They write checks of varying sizes for promising businesses in North America, Europe, and sometimes emerging markets. Additionally, H14 invests in private equity and hedge funds, positioning themselves as a long-term partner for business expansion.

30

Offices:

Milan

Investment Stage:

Series A, Series B, Series D

Check Size:

$20M - $100M

Industries:

AI, Adtech, Travel Tech

Top investments in Milan:

Contentsquare (
60)
, GetYourGuide (
60)
, WeRoad (
37)

Proximity Capital, based in Milan, is a venture capital fund that invests in early-stage startups with high growth potential, particularly in payments and fintech. They provide funding to help new businesses grow and have invested in companies like Qomodo. Proximity Capital aims to create value and support the success of small and medium-sized enterprises.

28

Offices:

Milan

Investment Stage:

Pre Seed

Check Size:

$40M - $50M

Industries:

Fintech, Payments

Top investments in Milan:

Qomodo (
44)

FITEC is a Milan-based venture capital fund specializing in Series B investments. They focus on ecommerce, mobile, consumer goods, and food technology sectors, with notable investments including Everli. Established in 2010 with the backing of Italy's Ministry of Economy and Finance, banks, and industry associations, FITEC manages over 3.5 billion euros across multiple funds. They emphasize financial returns while fostering top Italian businesses and integrating ESG criteria into their investment activities.

27

Offices:

Milan

Investment Stage:

Series B

Check Size:

$20M - $30M

Industries:

Foodtech, CPG & Consumer Goods, Mobile

Top investments in Milan:

Everli (
43)

Indaco Venture Partners, based in Milan, is a venture capital fund investing in mobility and transportation, biotech, and health tech companies. They provide funding during series A and series C stages. Notable investments include Hoba Therapeutics, Nouscom, and Easy Rain. Indaco Venture Partners seeks to support businesses making advancements in their fields.

26

Offices:

Milan (HQ)

Investment Stage:

Series A, Series C

Check Size:

$10M - $100M

Industries:

Health Tech, Biotech, Mobility & Transportation

Top investments in Milan:

Nouscom (
48)
, Hoba Therapeutics (
48)
, Easy Rain (
28)

Panakes Partners, a venture capital fund based in Milan and founded in 2015, manages 250 million euros. The firm invests in health tech, biotech, and deep tech companies at seed, Series A, and Series B stages. Beyond funding, they leverage a network of clinicians and industry experts to support portfolio companies. Notable investments include CarThera and Enterprise Therapeutics. Panakes Partners aims to improve lives through revolutionary medical technologies, drawing inspiration from Panacea, the Greek goddess of healing.

26

Offices:

Milan

Investment Stage:

Seed, Series A, Series B

Check Size:

$5M - $40M

Industries:

Health Tech, Hardware, Biotech

Top investments in Milan:

Enterprise Therapeutics (
52)
, CarThera (
44)
, Neuromod Devices (
41)

HTH is a venture capital fund based in Milan, focusing on Series C investments ranging from $250k to $5M. They target sectors such as biotech, manufacturing, and health tech, and have invested in companies like Univercells. HTH supports businesses with cutting-edge technologies in life sciences, working with both early and mid-stage companies, and invests internationally. The fund is backed by an entrepreneur in the healthcare sector.

26

Offices:

Milan

Investment Stage:

Seed, Series C

Check Size:

$10M - $70M

Industries:

Health Tech, Biotech, Manufacturing

Top investments in Milan:

Univercells (
48)
, EpilepsyGTx (
33)

dPixel is a venture capital fund based in Milan, focusing on early-stage startups in sectors like online shopping and food tech. They invest between $250k and $5M and have supported companies such as Cortilia. Beyond funding, dPixel offers advice and management consulting to help these startups succeed.

25

Offices:

Milan (HQ)

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Foodtech, Food Delivery, Ecommerce

Top investments in Milan:

Cortilia (
40)

360 Capital is a venture capital fund based in Paris, focusing on early-stage investments across Europe. They provide flexible funding from pre-seed to Series D, across various industries including tech, healthcare, and energy. Notable investments include 900.care, Exotrail, Wakeo, Via Sana, and Callyope. The fund aims to support groundbreaking startups and help them grow into successful businesses.

24

Offices:

Paris (HQ)

Milan

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Fintech

Top investments in Milan:

Exotrail (
60)
, Cubyn (
56)
, ID5 (
53)

RedSeed Ventures is a venture capital fund based in Milan. They invest in early-stage companies and collaborate with founders to turn business ideas into global successes. The fund focuses on sectors such as edtech, online commerce, space technology, communications, AI, health tech, transportation, and services. Notable investments include Kodland, Borzo, IOMED, Accel Club, and Leaf Space.

24

Offices:

Milan (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, Edtech, AI

Top investments in Milan:

Borzo (
52)
, IOMED (
44)
, Kodland (
37)

United Ventures is a venture capital fund based in Milan. They invest $1 million to $15 million in companies at various stages, from seed to late-stage financing. Their focus includes technology, healthcare, fintech, and more. Notable investments include Futura, Cleafy, Credimi, Exein, and Wallife. United Ventures aims to help businesses transform industries through technology and innovation.

23

Offices:

Milan (HQ)

Rome

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$2.5M - $100M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Milan:

Exein (
56)
, Futura (
52)
, Everli (
43)

P101 is a venture capital fund based in Milan, investing in companies from pre-seed to Series D stages. They support startups in technology, health, real estate, fintech, e-commerce, and artificial intelligence. Notable investments include Mundimoto, DataKrypto, and Keyless. P101 provides resources to help startups grow, offering both early funding and later-stage support.

23

Offices:

Milan (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$500k - $250M

Industries:

Health Tech, Edtech, Fintech

Top investments in Milan:

Habyt (
56)
, Colvin (
48)
, Casavo (
44)

Whysol Investments, based in Milan, is a venture capital fund specializing in Series A investments in space technology and communications. The experienced team evaluates risks and potential returns to guide institutional investors, family offices, and private individuals. Along with capital, Whysol provides active management and support to ensure portfolio companies, such as Leaf Space, reach their full potential. The firm combines expertise with hands-on involvement to achieve meaningful outcomes.

23

Offices:

Milan

Investment Stage:

Series A

Check Size:

$2.5M - $5M

Industries:

Space Tech, Communications

Top investments in Milan:

Leaf Space (
37)

Italmondo is a venture capital fund based in Milan, founded in 1953. It focuses on early-stage companies in Supply Chain & Logistics and Ecommerce. Notable investments include Sendabox. Led by Franco Pozzi and family members Federico and Massimo Pozzi Chiesa, Italmondo supports startups through its Supernova Hub incubator. The fund operates globally with 28 locations and over 1,500 employees.

23

Offices:

Milan

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

Ecommerce, Supply Chain & Logistics

Top investments in Milan:

Sendabox (
37)

Supernova Hub is a venture capital fund based in Milan, specializing in Series A investments in supply chain, logistics, and e-commerce. With 60 years of business experience, they offer deep expertise and strong IT capabilities to support growing companies. Their network of investors and business angels aids startups in thriving. The coworking space fosters collaboration among portfolio companies, including Sendabox. Supernova Hub aims to create synergies and maintain high performance across its investments.

23

Offices:

Milan

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

Ecommerce, Supply Chain & Logistics

Top investments in Milan:

Sendabox (
37)

Banca Centropadana is a venture capital fund headquartered in Milan, focusing on early-stage companies, particularly in Series A funding rounds. Specializing in supply chain, logistics, and ecommerce sectors, they support businesses like Sendabox. Established in 2001, Banca Centropadana collaborates with cooperative banks and financial institutions to provide financial support and help companies grow. Their extensive experience and resources make them a trusted partner for startups aiming to succeed in competitive markets.

23

Offices:

Milan

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

Ecommerce, Supply Chain & Logistics

Top investments in Milan:

Sendabox (
37)

Impact Partenaires is a venture capital fund based in Paris. They invest in companies at various stages, from early venture to growth. Focusing on sectors like education technology, manufacturing, and health tech, they have backed firms such as Rise Up, iRaiser, Eurekam, and Satelia. Their mission is to scale businesses that drive positive change.

22

Offices:

Copenhagen

Paris (HQ)

Milan

Frankfurt

Barcelona

London

Investment Stage:

Series A, Series B, Unknown

Check Size:

$5M - $40M

Industries:

Health Tech, Edtech, Fintech

Top investments in Milan:

Rise Up (
43)
, iRaiser (
31)
, Eurekam (
28)

Eden Ventures, based in Milan and backed by Italy's main business angel network (IAG), focuses on pre-seed startups. Founders gain access to a network of over 500 angels for business connections and additional fundraising. Their streamlined approach involves filling out a form and potentially receiving up to €100,000 in 30 days. Their mantra: keep it simple and efficient, enabling startups to realize their potential quickly.

21

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Milan:

No data available

Eden Ventures, based in Milan and backed by Italy's main business angel network (IAG), focuses on pre-seed startups. Founders gain access to a network of over 500 angels for business connections and additional fundraising. Their streamlined approach involves filling out a form and potentially receiving up to €100,000 in 30 days. Their mantra: keep it simple and efficient, enabling startups to realize their potential quickly.

21

Offices:

Milan

Milan

Investment Stage:

Pre Seed, Series A, Series B, Series C

Check Size:

$1M - $20M

Industries:

CPG & Consumer Goods, AI, Hiring and Recruitement

Top investments in Milan:

Brightpearl (
44)
, StepsConnect (
21)
, Glaut (
18)

Alchimia Investments is a venture capital fund based in Rome. They focus on early-stage companies working with data, artificial intelligence, and health technology. Alchimia provides financial support to promising startups, including investments in companies like WelMed, which specializes in healthcare solutions. Their goal is to back companies making a significant impact in their fields.

19

Offices:

Milan

Rome (HQ)

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

Health Tech, AI, Data and Analytics

Top investments in Milan:

WelMed (
31)

Oltre Venture is a venture capital fund based in Milan, focusing on early-stage investments, from seed to Series A rounds. They support businesses in technology, health, finance, and consumer goods sectors, aiming to create positive social impact. Notable investments include Cera, iRaiser, and Jobtech. Oltre Venture acts as a financial partner to help social enterprises grow and succeed.

19

Offices:

Milan (HQ)

Investment Stage:

Seed, Series A, Unknown

Check Size:

$5M - $70M

Industries:

Health Tech, Edtech, Fintech

Top investments in Milan:

Cera (
50)
, EatRight (
31)
, iRaiser (
31)

B4i is a venture capital fund based in Milan, focusing on early-stage investments in the service industry, artificial intelligence, and business intelligence. They support startups in the pre-seed stage by providing funding and guidance. Notable investments include Scavenger AI and Crqlar. B4i aims to help emerging businesses with financial resources and expertise to grow and succeed.

19

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Milan:

No data available

B4i is a venture capital fund based in Milan, focusing on early-stage investments in the service industry, artificial intelligence, and business intelligence. They support startups in the pre-seed stage by providing funding and guidance. Notable investments include Scavenger AI and Crqlar. B4i aims to help emerging businesses with financial resources and expertise to grow and succeed.

19

Offices:

Milan

Milan

Investment Stage:

Pre Seed

Check Size:

$1M - $2.5M

Industries:

AI, Business Intelligence, Service Industry

Top investments in Milan:

Scavenger AI (
44)
, Crqlar (
15)

e-Novia is a venture capital fund based in Milan, investing in early-stage companies in electric vehicles, manufacturing, and green technology. Founded in 2015, it helps transform ideas into products, researchers into entrepreneurs, and startups into robust businesses. Collaborating with research institutes and international firms, e-Novia has developed unique technologies. With a team of 175 experts, growing to 250 with associated companies, e-Novia has supported over 30 projects and holds around 40 patents. Notable investments include Blubrake. For more information, contact: communication@e-novia.it.

19

Offices:

Milan

Investment Stage:

Seed

Check Size:

$1M - $2.5M

Industries:

Climate Tech & Green Tech, Hardware, Mobility & Transportation

Top investments in Milan:

Blubrake (
31)

Cysero, based in Milan, is a venture capital fund specializing in seed-stage investments in the Privacy and Security and Cloud industries. They offer funding from €0 to €9 million to help young companies expand. Managed by AVM Gestioni SGR and promoted with Kilometro Rosso, Cysero leverages its industrial background and sector expertise to drive technological advancement. A notable investment includes DataKrypto.

19

Offices:

Milan

Investment Stage:

Seed

Check Size:

$5M - $10M

Industries:

Privacy and Security, Cloud

Top investments in Milan:

DataKrypto (
30)

BlackSheep Ventures is a venture capital fund based in Milan. They invest $1 million to $10 million, primarily in Series A, in companies specializing in data, analytics, and digital business solutions. Their portfolio includes Qapla' SPA SB and nexoya. Key focus areas are supply chain, ecommerce, marketing technologies, business intelligence, and sales optimization tools.

17

Offices:

Milan (HQ)

Investment Stage:

Series A

Check Size:

$5M - $10M

Industries:

Adtech, Data and Analytics, Sales and Marketing

Top investments in Milan:

nexoya (
28)
, Qapla' SPA SB (
28)

Opes Impact Fund is a venture capital fund based in Milan, investing in early-stage companies making a positive social impact. They write checks from €50,000 to €400,000 and focus on sectors like agriculture technology and food technology. One of their supported companies is The Circle. Their goal is to help small businesses grow while benefiting society.

17

Offices:

Milan (HQ)

London

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Agritech, Foodtech

Top investments in Milan:

The Circle (
28)

Growth Engine is a venture capital fund based in Milan that supports startups and scale-ups in their early stages. Founded by Michele Appendino, Marco Ariello, Andrea Marangione, and Fabio Mondini de Focatiis, the fund targets high-potential businesses in sectors such as travel tech and privacy and security. It focuses on seed and pre-seed investments, providing capital ranging from $250k to $5M. Notable investments include Keyless, Spiagge, and Cosmico.

17

Offices:

Milan

Investment Stage:

Pre Seed, Seed

Check Size:

$500k - $2.5M

Industries:

Travel Tech, Privacy and Security, Sales and Marketing

Top investments in Milan:

Keyless (
44)
, Spiagge (
21)
, Cosmico (
18)