Growth Capital
AcceleratorMilano · Series A · 2 people tracked
Find your way into Growth Capital
3,398 people in our graph share verified history with the Growth Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
A-Road focuses on supporting scaleups that have already proven product-market fit and revenue traction, assisting them to achieve Series A funding. The program emphasizes operational excellence through mentorship from established business leaders and provides access to professional services and consulting partners. The program's track record demonstrates strong outcomes, with alumni companies achieving average year-on-year revenue growth exceeding 70% and a success rate above 90% in raising capital.
Source: firm website, verified Aug 6, 2026.
Team · 2 people
from the firm's website
What they invest in
from 13 of 30 portfolio companiesSaaS ×7Fintech ×4AI & Machine Learning ×3Healthtech ×2HR Tech ×2Logistics & Supply Chain ×2Marketing Tech ×2PropTech ×2
HQs:Italy×9
Portfolio companies · 30 tracked
alumni founders can tell you what the program is really like
BonusX is a digital platform that helps Italian users identify and claim government benefits, tax deductions, and incentives, as well as manage associated administrative procedures.
GovTechSaaSItaly, IT
Co-investorsExceptional VenturesGiant Ventures Global LlpSella Direct Ventures
Cubbit provides distributed cloud storage infrastructure that combines on-premises and cloud technologies to give companies data sovereignty and cost control.
Cloud ComputingCybersecurityData & InfrastructureDeep TechIoTBologna, IT
Co-investorsCDP Venture CapitalETF PartnersItalian Angels for GrowthMoonstone Venture CapitalPrimo VenturesTechstars+2 more
Karrycar is a vehicle logistics platform for the automotive sector that centralizes and digitizes the movement of vehicles, connecting companies to their existing carriers plus a network of 100+ certified transporters for real-time rate comparison, tracking, and reporting.
Logistics & Supply ChainMobility & TransportationSaaS
Qodeup offers a QR code-based table payment system for restaurants that integrates with point-of-sale software, letting diners split and pay their own bills.
FintechFoodTechSaaS
Fabio Marniga(Founder)in
StarTric develops a minimally invasive transcatheter device for repairing the tricuspid heart valve, designed to replicate the open-heart Clover surgical technique for treating tricuspid regurgitation.
HardwareHealthtechMedical Devices
Michele De Bonis(Founder)Ottavio Alfieri(Founder)
Co-investorsNLC
TextYess provides AI agents and unified customer data for eCommerce brands to run conversational sales and support across messaging channels like WhatsApp.
AI & Machine LearningE-commerceMarketing Tech
Riccardo Russo(Founder)in
Co-investorsAngel InvestEntourage VenturesMoonstone Venture CapitalFrontline Ventures
WithLess offers corporate expense management with payment cards (no FX fees, cashback), pre-spend budget approval policies, and an AI agent that categorizes expenses, matches receipts, flags anomalies, and posts entries directly to a company's ERP.
AI & Machine LearningFintechSaaS
Co-investorsPrimo Ventures
WordLift offers a semantic SEO platform that combines natural language processing, knowledge graph technology, and machine learning to help businesses increase organic website traffic and optimize content for voice search and virtual assistants.
AdTechAI & Machine LearningMarketing TechSaaS
Francesco Scavelli(Co-founder & Chief Financial Officer)inAugusto Equizi(Co-founder)Andrea Volpini(Chief Executive Officer)inDavid Riccitelli(Chief Technology Officer)inJason Lam(Chief Product & Operating Officer)inGennaro Cuofano(Chief Revenue Officer)in
Co-investorsPrimo Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Agora LabsBarberino'sCosmicoDisplaidEcosmicElsaGoVoltHiNelsonKippyLexSAMonetunesPayDoRexerTimeFlowTrueScreenWetacooYocabe
Portfolio news
latest coverage across their companiesTextYess · theaiinsider.tech · Sep 30, 2025
Fund performance · per public LP disclosures · 3
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Growth Capital Partners Fund IIILPs: West Yorkshire Pension Fund | — | — | — | 1.80x | 1.76x |
| Growth Capital Partners Fund IVLPs: West Yorkshire Pension Fund | — | — | — | 1.80x | 1.53x |
| Growth Capital Partners Fund VLPs: West Yorkshire Pension Fund | — | — | — | 1.58x | 0.81x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Growth Capital made?
- Growth Capital has 30 tracked investments.
- What stage does Growth Capital invest at?
- Growth Capital invests at the Series A stage.
- What is Growth Capital's typical check size?
- Growth Capital typically writes checks of $200K.
- What sectors does Growth Capital focus on?
- Growth Capital focuses on Sector Agnostic.
- Where is Growth Capital located?
- Growth Capital is headquartered in Milano, IT.
- Does Growth Capital lead rounds?
- Growth Capital typically participates in rounds rather than leading them.
- Who does Growth Capital co-invest with?
- Growth Capital most often shares deals with Moonstone Venture Capital, Primo Ventures, CDP Venture Capital, among 10 tracked co-investors.
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