Brouky Score · 2026

Top VC Firms in Italy

The 25 highest-scoring venture funds headquartered in Italy, ranked from 59 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

74
Median score / 110
across eligible firms
59
Eligible firms
5+ tracked investments
2,007
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1

Willoughby Capital

Series C+Italy
100/ 110Grade A

Investments

8

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
29 / 30
Portfolio Outcomes
40 / 40
2
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingEnergy, Environment & MobilityFinance & BlockchainConsumer, Lifestyle & Services+3 more
aidigital-healthmobile-appenergysustainabilityinsurance+3 more

Acurio Ventures is a European venture capital firm investing primarily in the European tech ecosystem, focusing on early stage investments and operational support across multiple countries including Spain, the UK, and others in Europe.

99/ 110Grade A

Investments

89

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
3

P102

Series AItaly
Software & Developer ToolsCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & ServicesHealthcare & Life SciencesEnergy, Environment & Mobility+3 more
d2cretailconsumer-techcustomer-experienceeducation-technologye-learning-platform+3 more

Invests in software and developer tools companies, primarily in Italy. Focuses on startups at the U stage.

99/ 110Grade A

Investments

55

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
4
Software & Developer ToolsHealthcare & Life SciencesFinance & BlockchainEnergy, Environment & MobilityConsumer, Lifestyle & ServicesIndustry & Hardware+3 more
aicybersecuritysecuritythreat-detectionartificial-intelligencebehavioral-analytics+3 more
99/ 110Grade A

Investments

24

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
5

SIMEST

Series BItaly
Industry & HardwareHealthcare & Life SciencesFinance & BlockchainConsumer, Lifestyle & ServicesSoftware & Developer Tools+2 more
healthcarehardwaretelecommunicationsmedical-devicemedical-hardwaremedtech+3 more

SIMEST invests in participative investments, venture capital, and equity investments to support the international growth of Italian companies.

99/ 110Grade A

Investments

18

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
6
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesEnergy, Environment & MobilityConsumer, Lifestyle & ServicesCommerce & Marketing+3 more
analyticsdatasustainable-materialsai3d-printingaerospace+3 more

Eureka! Venture SGR is an independent Italian venture capital asset management company focused on deep tech, science-based investments and digital tech investments. They invest in deep technologies including energy, health & well-being, mobility, environment, and AI/big data. They also manage BlackSheep Fund investing in European late-stage MadTech and ETA Fund investing in Search Funds.

98/ 110Grade A

Investments

41

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
39 / 40
7

Panakes Partners

Series AItaly
Healthcare & Life SciencesSoftware & Developer ToolsArtificial Intelligence & Data
medtechhealthcaremedical-devicer-ddrug-discoverydigital-health+3 more

Panakès Partners is a venture capital firm that invests in ambitious early stage start-ups and SMEs with innovative Life Sciences products globally, mainly across Europe.

97/ 110Grade A

Investments

45

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
39 / 40
8

NEVA SGR

Series BItaly
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesFinance & BlockchainEnergy, Environment & MobilityConsumer, Lifestyle & Services+3 more
aiartificial-intelligencebiotechcybersecuritydigital-agriculturefarm-accounting+3 more

Focuses on early-stage companies in the United States and Italy. Specializes in finance and blockchain technologies, as well as other sectors like Life Science, Climate Tech, Digital Transformation and Aerospace.

96/ 110Grade A

Investments

49

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
9
Software & Developer ToolsFinance & BlockchainHealthcare & Life SciencesEnergy, Environment & MobilityCommerce & Marketing+2 more
marketingautomationenergyinsuranceloansprice-comparison+3 more

They invest from Pre-Seed to Series A in companies with an Italian DNA: born in Italy, expanding here, or founded by Italians anywhere in the world.

93/ 110Grade A-

Investments

42

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
34 / 40
10
Software & Developer ToolsFinance & BlockchainEnergy, Environment & MobilityConsumer, Lifestyle & ServicesHealthcare & Life SciencesIndustry & Hardware+3 more
aianalyticsenterprisecybersecuritydatahealthcare+3 more

Focuses on innovative Italian startups, particularly in the fintech sector. They primarily invest in series-a stage companies with B2B and B2C business models.

90/ 110Grade A-

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
11

Sagana

Series AItaly
Energy, Environment & MobilityHealthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareFinance & BlockchainArtificial Intelligence & Data+3 more
food-technologymolecular-coffeesustainable-foodcloud-basedfinancial-platformindependent-financial-advisers+3 more

Sagana invests in early- to growth-stage companies globally and provides investment advisory services focused on impact.

90/ 110Grade A-

Investments

29

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
28 / 30
Portfolio Outcomes
33 / 40
12
Healthcare & Life SciencesSoftware & Developer ToolsArtificial Intelligence & DataIndustry & Hardware+1 more
medical-devicebrain-stimulationneurotechnologyrehabilitationcardiologyclinical+3 more

Fondazione Tech e Biomedical invests in enterprises operating in Italy, including innovative startups and SMEs, to enhance research, development, and industrial reconversion in the biomedical sector and to support technology transfer.

90/ 110Grade A-

Investments

26

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
31 / 40
13

Rialto Ventures

Series AItaly
Software & Developer ToolsConsumer, Lifestyle & ServicesFinance & BlockchainIndustry & HardwareHealthcare & Life Sciences+2 more
privacy-preservingcoachinganti-fraudface-recognitionliveness-detectionai+3 more

Rialto Venture Capital invests in European founders.

90/ 110Grade A-

Investments

14

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
14
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & ServicesFinance & BlockchainIndustry & Hardware+3 more
aisoftware-developmentconsumerhospitalityiotcustomer-experience+3 more

Italian Angels for Growth (IAG) is a community of business angels, entrepreneurs and corporates who invest and support innovative startups with a high technological content in Italy.

89/ 110Grade A-

Investments

92

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
24 / 30
Portfolio Outcomes
40 / 40
15
Industry & HardwareSoftware & Developer ToolsEnergy, Environment & MobilityCommerce & MarketingHealthcare & Life SciencesArtificial Intelligence & Data+3 more
remote-sensingsatellitesspacecraftmobile-app3d-printingspace+3 more

Primo Capital is an independent investment platform in Italy focusing exclusively on breakthrough sectors: digital, healthcare, climate tech and the space economy.

89/ 110Grade A-

Investments

78

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
32 / 40
16

NJF Capital Partners

Series C+Italy
Software & Developer ToolsFinance & BlockchainHealthcare & Life SciencesIndustry & HardwareArtificial Intelligence & Data+2 more
precision-medicineaienterpriseautomotiveautonomous-vehicleshardware+3 more

NJF Capital focuses on early-stage investments in the United States. They primarily invest in B2B software and developer tools companies.

89/ 110Grade A-

Investments

20

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
17

Claris Ventures

Series AItaly
Healthcare & Life SciencesSoftware & Developer ToolsConsumer, Lifestyle & Services
drug-discoverycancer-treatmentdrug-developmenttherapeuticsbiotechimmuno-oncology+3 more

Claris Ventures invests in innovative healthcare and life science companies. They focus on companies based in Italy and Southern Europe.

88/ 110Grade A-

Investments

17

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
28 / 30
Portfolio Outcomes
31 / 40
18

XGEN Venture

Series AItaly
Healthcare & Life SciencesArtificial Intelligence & DataSoftware & Developer Tools
r-ddrug-discoveryclinical-stagebiotechhealthcaremedtech+3 more

XGEN Venture invests in life sciences and healthcare companies, focusing on areas including pharmaceuticals, biotechnology, medical technology, and digital health.

88/ 110Grade A-

Investments

17

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
28 / 30
Portfolio Outcomes
31 / 40
19
Healthcare & Life SciencesCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & ServicesEnergy, Environment & Mobility+2 more
clinical-stagecancerdrug-discoveryneurological-diseasesmedical-deviceallogeneic-cells+3 more

Indaco Venture Partners invests in early-stage Italian startups transforming technology and innovation sectors, focusing on scalable business models and strong founding teams.

88/ 110Grade A-

Investments

15

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
23 / 30
Portfolio Outcomes
36 / 40
20

Vento Ventures

Pre-SeedItaly
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareFinance & BlockchainConsumer, Lifestyle & ServicesEnergy, Environment & Mobility+3 more
automationcybersecurityhardwareitalyaideveloper-tools+3 more

Vento invests pre-seed and seed capital for Italian founders across sectors and geographies. It runs a yearly 5-month venture building program called Reef and organizes Wave, a yearly European tech event.

85/ 110Grade A-

Investments

48

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
21

BHeroes

SeedItaly
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & ServicesFinance & Blockchain+2 more
made-in-italyathlete-performancefitnessinjury-preventionpersonalized-trainingai-moderated-interviews+3 more

We are a Venture Capital firm active since 2016. We focus on early stage (pre-seed and seed) investments to support Italian entrepreneurs around the globe.

85/ 110Grade A-

Investments

28

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
20 / 30
Portfolio Outcomes
36 / 40
22
Software & Developer ToolsHealthcare & Life SciencesConsumer, Lifestyle & ServicesCommerce & MarketingIndustry & HardwareFinance & Blockchain+3 more
aidrug-developmentmedtechoncologysoftware-developmenttelemedicine+3 more

Club degli Investitori focuses on early-stage investments in innovative Italian companies. They primarily target software and SaaS businesses with B2B and B2C models.

83/ 110Grade B+

Investments

69

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
28 / 40
23

Exor Ventures

Corporate VCSeries C+Italy
Software & Developer ToolsHealthcare & Life SciencesFinance & BlockchainEnergy, Environment & MobilityConsumer, Lifestyle & ServicesIndustry & Hardware+3 more
aicybersecurityautomationfintechcontent-creatione-commerce+3 more

Exor Ventures invests in early to growth-stage companies across various sectors. They focus on technology-driven businesses with the potential to disrupt traditional industries, particularly in Industry & Hardware and Consumer, Lifestyle & Services.

81/ 110Grade B

Investments

106

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
2 / 25
Deal Volume
30 / 30
Portfolio Outcomes
34 / 40
24

LIFTT

Series AItaly
Industry & HardwareHealthcare & Life SciencesEnergy, Environment & MobilityArtificial Intelligence & DataSoftware & Developer ToolsCommerce & Marketing+3 more
hardwareroboticssocmobilitysecuritythreat-detection+3 more

LIFTT is a venture capital firm investing in deep tech startups across multiple verticals including human health and aging, infrastructure for data revolution, and energy security and industrial automation. Since 2019, with LIFTT S.p.A., it has completed 60 investments in innovative startups.

81/ 110Grade B

Investments

46

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
25 / 40
25

Innogest

Series BItaly
Healthcare & Life SciencesCommerce & MarketingArtificial Intelligence & DataSoftware & Developer ToolsFinance & BlockchainConsumer, Lifestyle & Services+3 more
commercee-groceryfood-deliveryonline-retailretailcatheters+3 more

Innogest Capital invests in early-stage ventures with high potential, primarily in Europe. They focus on companies that make a difference, partnering with visionary entrepreneurs in the technology and healthcare sectors.

78/ 110Grade B-

Investments

22

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
11 / 30
Portfolio Outcomes
40 / 40

Methodology

What the score measures, who is eligible, and what it deliberately excludes.

How is the Brouky score for Italy calculated?
Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
Which firms are eligible for the Italy ranking?
Venture and corporate venture funds headquartered in Italy with at least 5 tracked investments. 59 firms qualify; the top 25 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
How often is the ranking updated?
Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
My fund's data looks wrong. Can it be corrected?
Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.

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