Brouky Score · 2026

Top VC Firms in Italy

The 25 highest-scoring venture funds headquartered in Italy, ranked from 56 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

62.5
Median score / 110
across eligible firms
56
Eligible firms
5+ tracked investments
1,546
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1

Generali

Series C+Italy
97/ 110Grade A

Investments

5

Exit Rate

0%

Alive

3

Portfolio Outcomes

3 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
97 pts · Grade A
2

Mangusta Capital

Series C+Italy
94/ 110Grade A

Investments

8

Exit Rate

0%

Alive

4

Portfolio Outcomes

4 Alive4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
23 / 30
Portfolio Outcomes
40 / 40
94 pts · Grade A
3

Panakes Partners

Series C+Italy
Healthcare & Life SciencesSoftware & Developer ToolsArtificial Intelligence & Data
medtechmedical-devicer-dhealthcaredigital-healthmedical-diagnostics
90/ 110Grade A-

Investments

32

Exit Rate

6%

Alive

26

Portfolio Outcomes

26 Alive2 Acquired5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
31 / 40
90 pts · Grade A-
4

Eni Next

Corporate VCSeries BItaly
Energy, Environment & MobilityHealthcare & Life SciencesIndustry & Hardware
clean-energyenergyenvironmentr-dclimate-changehigh-temperature-superconductors

Eni Next invests in high-growth startups with disruptive technologies to accelerate the energy transition towards a zero-carbon future. They focus on companies developing technologies with a lower carbon footprint for energy production, improved efficiency for industrial operations, and digital solutions.

89/ 110Grade A-

Investments

7

Exit Rate

0%

Alive

6

Portfolio Outcomes

6 Alive1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
89 pts · Grade A-
5

Benchmark Capital

Series BItaly
88/ 110Grade A-

Investments

6

Exit Rate

0%

Alive

5

Portfolio Outcomes

5 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
19 / 30
Portfolio Outcomes
40 / 40
88 pts · Grade A-
6

Willoughby Capital

Series C+Italy
Software & Developer ToolsCommerce & MarketingFinance & BlockchainConsumer, Lifestyle & Services
custom-softwaremobile-app-developmentweb-developmentautomotivedigital-platformonline-retail

Willoughby Capital primarily invests in growth-stage companies focused in Italy and nearby markets, specializing in series-b and series-c-plus rounds. Their portfolio spans multiple sectors with a focus on scaling innovative startups in consumer and technology spaces.

85/ 110Grade A-

Investments

7

Exit Rate

14%

Alive

5

Portfolio Outcomes

5 Alive1 Acquired1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
27 / 40
85 pts · Grade A-
7

P102

Series BItaly
Software & Developer ToolsCommerce & MarketingIndustry & HardwareHealthcare & Life SciencesConsumer, Lifestyle & Servicesother
d2cretailconsumer-teche-learning-platformeducation-technologyremote-learning

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

83/ 110Grade B+

Investments

54

Exit Rate

4%

Alive

44

Portfolio Outcomes

44 Alive2 Acquired8 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
83 pts · Grade B+
8
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityConsumer, Lifestyle & ServicesArtificial Intelligence & Data
sustainabilityclinical-stager-dai3d-printingedge-computing

CDP Venture Capital invests primarily in innovative Italian startups focusing on tech-driven industrial innovation and green energy to accelerate growth and internationalization. They prioritize partnerships that foster scalable business models and sustainable impact.

81/ 110Grade B

Investments

184

Exit Rate

1%

Alive

135

Portfolio Outcomes

135 Alive1 Acquired3 Dead46 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
81 pts · Grade B
9

360 Capital Partners

Series C+Italy
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesCommerce & MarketingEnergy, Environment & MobilityFinance & Blockchain
automationcybersecurityaiapiretailthreat-detection

Focuses on innovative companies in the commerce and marketing sectors. They primarily invest in Series A and later stages, supporting growth-stage companies.

81/ 110Grade B

Investments

51

Exit Rate

13%

Alive

32

Portfolio Outcomes

32 Alive6 Acquired1 IPO1 Dead12 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
81 pts · Grade B
10

Azimut

Series C+Italy
Software & Developer ToolsEnergy, Environment & MobilityCommerce & MarketingIndustry & HardwareFinance & BlockchainConsumer, Lifestyle & Services
sustainabilityclean-energyenergyfintechbitcoin-miningblockchain
81/ 110Grade B

Investments

10

Exit Rate

0%

Alive

8

Portfolio Outcomes

8 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
81 pts · Grade B
11

Sagana

Series BItaly
Energy, Environment & MobilityIndustry & HardwareFinance & BlockchainSoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & Data
food-technologymolecular-coffeesustainable-foodfinancial platformindependent financial adviserscloud-based
80/ 110Grade B

Investments

24

Exit Rate

4%

Alive

21

Portfolio Outcomes

21 Alive1 IPO5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
19 / 30
Portfolio Outcomes
32 / 40
80 pts · Grade B
12

Eureka! Venture

Series AItaly
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesotherConsumer, Lifestyle & Services
ai2d-materialsgraphenesustainable-materialsanalyticsautomation
79/ 110Grade B

Investments

32

Exit Rate

3%

Alive

19

Portfolio Outcomes

19 Alive1 Acquired16 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
79 pts · Grade B
13

Claris Ventures

Series C+Italy
Healthcare & Life SciencesSoftware & Developer Toolsother
cancer-treatmentdrug-discoverydrug discoverycar-tcellular-immunotherapyoncology

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

76/ 110Grade B-

Investments

14

Exit Rate

0%

Alive

6

Portfolio Outcomes

6 Alive8 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
18 / 40
76 pts · Grade B-
14

Black Sheep Fund

Series AItaly
76/ 110Grade B-

Investments

12

Exit Rate

7%

Alive

12

Portfolio Outcomes

12 Alive1 Acquired1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
10 / 30
Portfolio Outcomes
36 / 40
76 pts · Grade B-
15

Vento Ventures

Series CItaly
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareConsumer, Lifestyle & ServicesFinance & BlockchainEnergy, Environment & Mobility
hardwareitalyaideveloper-toolsr-ddigital-health
76/ 110Grade B-

Investments

9

Exit Rate

0%

Alive

5

Portfolio Outcomes

5 Alive4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
22 / 40
76 pts · Grade B-
16
Healthcare & Life SciencesSoftware & Developer Tools
medical-devicebrain-stimulationneurotechnologycardiologyclinicalmedtech
75/ 110Grade B-

Investments

19

Exit Rate

0%

Alive

15

Portfolio Outcomes

15 Alive8 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
16 / 40
75 pts · Grade B-
17

Primo Capital

Series C+Italy
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityArtificial Intelligence & DataotherHealthcare & Life Sciences
space-technologycybersecurityautomationaerospaceenergymanufacturing

Primo Capital is an Italian investment platform focused on technology-driven sectors. They invest in early-stage B2B companies within digital, healthcare, climate tech, and the space economy.

73/ 110Grade C+

Investments

42

Exit Rate

1%

Alive

29

Portfolio Outcomes

29 Alive1 Acquired2 Dead36 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
30 / 30
Portfolio Outcomes
12 / 40
73 pts · Grade C+
18
Software & Developer ToolsFinance & BlockchainIndustry & HardwareHealthcare & Life SciencesEnergy, Environment & MobilityConsumer, Lifestyle & Services
aianalyticscybersecuritythreat-detectionapplication-securitysecurity
72/ 110Grade C+

Investments

23

Exit Rate

0%

Alive

20

Portfolio Outcomes

20 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
15 / 40
72 pts · Grade C+
19
Software & Developer ToolsHealthcare & Life SciencesConsumer, Lifestyle & ServicesFinance & Blockchain
medtechtelemedicineaiconsumercdmoclinical-trials

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

71/ 110Grade C

Investments

13

Exit Rate

8%

Alive

8

Portfolio Outcomes

8 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
8 / 25
Deal Volume
30 / 30
Portfolio Outcomes
18 / 40
71 pts · Grade C
20
Software & Developer ToolsHealthcare & Life SciencesFinance & BlockchainCommerce & MarketingEnergy, Environment & MobilityConsumer, Lifestyle & Services
digital-healthmobile-appsustainabilityreal-estatecrowdfundingai
68/ 110Grade C-

Investments

84

Exit Rate

4%

Alive

73

Portfolio Outcomes

73 Alive4 Acquired12 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
29 / 30
Portfolio Outcomes
10 / 40
68 pts · Grade C-
21

Angelini Ventures

Series C+Italy
Healthcare & Life SciencesSoftware & Developer ToolsConsumer, Lifestyle & ServicesotherFinance & Blockchain
healthcarehealthtechaidigital-healthcancerclinical-stage
68/ 110Grade C-

Investments

39

Exit Rate

3%

Alive

29

Portfolio Outcomes

29 Alive1 Acquired8 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
13 / 40
68 pts · Grade C-
22

DIP Capital

Series C+Italy
Software & Developer ToolsCommerce & MarketingotherConsumer, Lifestyle & ServicesFinance & Blockchain
analyticsautomotivedatadata-managementfleet-managementdata-platform

Invests in later-stage B2C companies in Italy. Focus on commerce and marketing solutions.

68/ 110Grade C-

Investments

6

Exit Rate

17%

Alive

2

Portfolio Outcomes

2 Alive1 Acquired3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
4 / 30
Portfolio Outcomes
38 / 40
68 pts · Grade C-
23

Ad4Ventures

Series C+Italy
66/ 110Grade C-

Investments

27

Exit Rate

Alive

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
26 / 30
Portfolio Outcomes
11 / 40
66 pts · Grade C-
24
Software & Developer ToolsConsumer, Lifestyle & ServicesHealthcare & Life SciencesCommerce & Marketingother
aiautomationhealthcarebrand-engagementdigital-collectiblesnft
65/ 110Grade C-

Investments

11

Exit Rate

0%

Alive

10

Portfolio Outcomes

10 Alive

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
21 / 30
Portfolio Outcomes
15 / 40
65 pts · Grade C-
25
65/ 110Grade C-

Investments

7

Exit Rate

0%

Alive

4

Portfolio Outcomes

4 Alive4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
4 / 30
Portfolio Outcomes
32 / 40
65 pts · Grade C-

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. 56 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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