Milan · Seed–Late Stage · 3 people tracked
Investment thesis
EUREKA! Venture invests in deep technologies described as the 'next big thing,' spanning energy, health and well-being, mobility, environment and AI/big data. Its flagship Eureka! Fund I operates as a technology transfer vehicle, building IP-driven startups through strong ties with the research world and an experienced management team fluent in both science and business. Other vehicles include the BlackSheep Fund, a late-stage fund investing in European MadTech companies transforming marketing via big data, AI and RPA, and the ETA Fund, which backs Search Funds and entrepreneurship-through-acquisition. The firm commits to ESG principles aligned with the UN 2030 Agenda for Sustainable Development.
Source: firm website, verified Aug 3, 2026.
Team · 3 people
from public directories
What they invest in
from 13 of 46 portfolio companiesDeep Tech ×5Hardware ×5Advanced Manufacturing ×4AI & Machine Learning ×4Marketing Tech ×4New Materials ×3AdTech ×2Cleantech ×2
HQs:Italy×5United Kingdom×1
Investments · 46 tracked
founders shown can be your intro path3DNexTech develops 3DFinisher, an automated post-processing technology for 3D printing that improves the aesthetic and mechanical qualities of objects made from ABS, ASA, PETG and cellulose acetate, turning semi-finished parts into finished products.
Advanced ManufacturingDeep TechNew Materials
Active Label develops patented smart labels that monitor temperature, humidity, and light conditions of perishable goods across the cold chain, using TTI, CTI, and active/passive RFID technologies with a companion app and cloud dashboard.
FoodTechIoTLogistics & Supply Chain
Carlo Ricci(Founder)inAndrea Pinna(Founder)inCarlo Maria Carbonaro(Founder)in
Alter Eco Pulp is an Italian benefit corporation using "fiber molding" technology to make single-use products from natural cellulose fibers, including processing waste such as sugarcane residue or wheat straw.
Advanced ManufacturingCircular EconomyNew MaterialsL'Aquila, IT
Co-investorsLIFTT
Co-investorsCDP Venture CapitalNovaCapital
Caracol develops large-scale additive manufacturing technology for industrial production, enabling companies in aerospace, automotive, architecture, marine, and railway sectors to produce advanced components more efficiently and sustainably.
Advanced ManufacturingCleantechDeep TechHardwareRobotics
Co-investorsCDP Venture CapitalNeva Sgr.Omnes Capital
EYE4NIR develops image sensors based on germanium-on-silicon thin films that detect visible-near infrared (VIS-NIR) and short-wave infrared (SWIR) radiation within the same pixel.
Deep TechHardwareSemiconductors
Co-investors360 Capital
Co-investorsItalian Angels for Growth
Kleecks is a SaaS platform that uses AI to optimize eCommerce websites in real time, covering SEO, page speed, conversion rate optimization, accessibility, and AI content generation.
AI & Machine LearningE-commerceMarketing Tech
Co-investorsAxon Partners GroupBlackSheep Ventures
Phononic Vibes develops and sells noise and vibration control solutions based on proprietary metamaterial technology, with applications in infrastructure, automotive, home appliances, and construction.
Advanced ManufacturingDeep TechHardwareNew MaterialsVigano, IT
Luca D'Alessandro(Founder)inGiovanni Capellari(Founder)in
Co-investorsCDP Venture Capital360 Capital
Scibids (DV Scibids AI) provides AI that automates and optimizes programmatic advertising campaigns to meet brands' custom KPIs, incorporating first- and third-party data to adjust bidding strategies.
AdTechAI & Machine LearningMarketing Tech
Co-investorsBlackSheep VenturesIris Capital
Shop Circle is a holding company that acquires and modernizes B2B enterprise software businesses, applying AI to operate and grow the companies it owns.
AI & Machine LearningEnterprise SoftwareSaaSLondon, GB
Gian Maria Gramondi(Founder)in
Co-investors3VC645 VenturesBlackSheep VenturesCDP Venture CapitalPrimo VenturesQED Investors+3 more
Spoki is an Italian Customer Experience Management platform built on Meta's official WhatsApp Business API, unifying AI chatbots, marketing automation, broadcasts, conversational CRM and Voice AI in one inbox across WhatsApp, Voice, SMS and email.
AI & Machine LearningMarketing TechSaaS
Portfolio news
latest coverage across their companiesPhononic Vibes · tech.eu · Mar 23, 2026
Caracol · engineerlive.com · Oct 20, 2025
Shop Circle · eu-startups.com · Sep 16, 2025
Frequently asked questions
- How many investments has EUREKA! Venture made?
- EUREKA! Venture has 47 tracked investments.
- What stage does EUREKA! Venture invest at?
- EUREKA! Venture invests at the Seed, Series A, Series B, Growth, Late Stage stages.
- What sectors does EUREKA! Venture focus on?
- EUREKA! Venture focuses on AdTech, AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Deep Tech, Energy, Healthtech, Marketing Tech, Mobility & Transportation, Sector Agnostic, Wellness & Fitness.
- Where is EUREKA! Venture located?
- EUREKA! Venture is headquartered in Milan, IT.
- Who does EUREKA! Venture co-invest with?
- EUREKA! Venture most often shares deals with CDP Venture Capital, BlackSheep Ventures, LIFTT, among 13 tracked co-investors.
Media · Podcasts & interviews
from their channelThe Utimate Startup Hub Novac Supercap Interview
EUREKA! Venture SGR
Gallery Walk, intervista a Violetta Nespolo e Francesco De Stefano, Caracol - 4e 2023
EUREKA! Venture SGR
Eureka! Fund - Endostart_ENDORAIL - Endoscopy On Air Global Event 2023
EUREKA! Venture SGR
Technology Transfer dalla ricerca al mercato - Intervento di Stefano Peroncini_AIFI
EUREKA! Venture SGR
Eureka! Fund - Pilot Presentation Mercedes Benz x Phononic Vibes x Adler Pelzer Group, Plug and Play
EUREKA! Venture SGR
Umberto Bottesini Partner di BlackSheep MadTech Fund a Forbes Leader
EUREKA! Venture SGR
Co-investors · 6
CDP Venture Capital SGR is an Italian venture capital fund manager that invests in strategic sectors for Italy's economic growth through direct and indirect funds. It is Italy's leading VC fund manager and among the largest in Europe.
360 Capital is a European venture capital firm active since 1997, investing in innovative technology startups across deep-tech, climate-tech and digital sectors.
Neva SGR is the venture capital arm of the Intesa Sanpaolo banking group, investing globally in highly innovative companies and startups across digital transformation, climate/energy, life sciences and aerospace. It manages several funds including Neva First, Neva II and the SEI Fund.
Primo Ventures is a venture capital firm that invests in early-stage companies. The firm is led by founders with prior entrepreneurial experience.
Omnes Capital is a European private equity and infrastructure investment firm focused on the energy transition, digital infrastructure, venture capital and growth, and co-investment. Its Capenergie funds manage 4.4 billion euros dedicated to renewable energy.
Moonstone invests in startups working to drive systemic change and build a more sustainable future by addressing challenges at their core, supporting up to 60 companies with a founder-friendly approach and active partnership model.
Firms observed investing alongside EUREKA! Venture, from public investor directories. Shared companies are the overlap with EUREKA! Venture's recorded portfolio.
Similar investors
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Rho is an investment firm founded in 1981 that backs inventors, entrepreneurs, and operators across all stages of company growth to build market-defining companies.
Alpha Edison is an early-stage venture firm that partners with entrepreneurs using technology to unlock latent demand in markets where consumer and business behaviors are shifting.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
INP Capital is a global investment firm that invests across the full company life cycle, from early stage to pre-IPO, seeking to identify and back emerging technology companies as they scale toward unicorn status.