How many investments has Primo Ventures made?

Primo Ventures has 102 tracked investments, 7 of which have exited, including 3 dated in the last 24 months.

What stage does Primo Ventures invest at?

Primo Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.

What is Primo Ventures's typical check size?

Primo Ventures typically writes checks of $1.1M.

Where is Primo Ventures located?

Primo Ventures is headquartered in Milan, IT.

Does Primo Ventures lead rounds?

Primo Ventures typically participates in rounds rather than leading them.

Who does Primo Ventures co-invest with?

Primo Ventures most often shares deals with CDP Venture Capital, Growth Capital, P101 Ventures, among 64 tracked co-investors.

What size deals does Primo Ventures back?

Across 9 deals with disclosed amounts, Primo Ventures has joined rounds of $1M – $37M (median $2M).

Primo Ventures

Venture capitaloperating company · company profile

Milan · Pre-Seed–Growth · 17 people tracked

Also known as Barcamper Ventures

★ Follow + Add to CRM ⤳ Find an introduction

Find your way into Primo Ventures

Paths you didn't know you had: your email and LinkedIn already hold routes to the Primo Ventures team. We find them for you
2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

✨ Fox Verdict

Investment thesis

Invests seed and early-stage in Italy, co-invests in Europe and the US, combining VC/PE with specialist teams in digital, space, climate and health, plus a dedicated downstream space vehicle.

Invests inAI & Machine Learning Biotech Climate Tech Consumer Crypto & Web3 Data & Infrastructure Defense Tech Enterprise Software Fintech Hardware Healthtech SaaSSector AgnosticSpace Tech Europe Israel Italy Milan Switzerland United States

Leave your own feedback

Stage

Pre-Seed–Growth

Check

$1.1M

Milan, IT

Leads rounds

Follows

Instruments

Equity

Founded

2016

AUM

$540M

Tracked investments

102

Unicorns

IPOs

Acquisitions

Team · 17 people

from public directories

Andrea Pavero· Director & General Partner, Health· Milan, Lombardy, Italyin

Andrea Pavero is General Partner of Primo Ventures' Primo Health fund and a board member of Primo Capital, overseeing the firm's healthcare investment strategy. He holds a degree in Medicine and Surgery and an MBA from Bocconi University, and worked in the pharmaceutical industry at Boots PLC and Johnson Wax before joining McKinsey's European pharmaceutical practice and co-founding the consultancy ValuePartners. Since 2007 he has co-founded Medeor Associates, a healthcare M&A boutique, and since 2023 has helped design and launch the PrimoHealth fund.

Antonio Concolino· CEO & General Partner, Digital· Milan, Lombardy, Italyin

Antonio Concolino is co-founder and CEO of Primo Capital and a General Partner of the firm's digital funds. He previously co-founded and served as CEO of dPixel S.r.l., a high-tech consulting firm, and in 2010 was a promoter and partner of Digital Investments SCA SICAR, acting as key manager of its Seed Fund for digital-sector startups. Earlier in his career he held finance roles at Elitel Telcom S.p.A. and Lombardiacom S.p.A., rising to financial director.

Carlo Vanoli· General Partner, Health· Milan, Lombardy, Italyin

Carlo Vanoli is an engineer and investment professional with over four decades of experience in the industrial and healthcare sectors, and serves as General Partner of the Primo Health fund. He began his career in engineering at Snia BPD and spent four years at McKinsey before returning to the Snia group to lead Corporate Development, where he directed the group's shift toward medical devices via Sorin Biomedica and served as CEO of Sorin Inc. in the US. In 2007 he co-founded Medeor Associates, a healthcare-focused M&A boutique, and holds a degree in Chemical Engineering from the Politecnico di Milano.

Emiliano Tonelli· General Partner, Health· Milan, Lombardy, Italyin

Emiliano Tonelli is General Partner of the Primo Health fund, where he works on consolidating and scaling Italian SMEs in the pharma, medical devices, service provider, and animal health segments. He started his career at Credit Suisse in London, worked in a family-led industrial machinery firm, and joined the Pan-European fund Argos Wityu in 2006, rising to Senior Investment Manager. He later served as Senior Manager at Green Arrow SGR and as an M&A consultant, and holds an Economics degree from Bocconi University and an Independent Director diploma from INSEAD.

Ezio Ravaccia· Director & General Partner, Climate· Milan, Lombardy, Italyin

Ezio Ravaccia has more than 25 years of experience in venture capital and sustainability, focusing on the energy transition and digital sectors. He serves as General Partner of Primo's climate tech strategy and sits on Primo Capital's Board of Directors, having previously held C-level roles including CFO at Solar Ventures, CIO at Solar Ventures Capital, and Director at Pino Ventures Partners, along with work as a senior equity analyst in London covering utilities and energy. He holds a degree in Economics from Bocconi University, a postgraduate certificate from INSEAD, is a Chartered Accountant, and has an ESG Investing certification from Politecnico di Milano.

Franco Gonella· Director & General Partner, Digital· Milan, Italyin

Franco is General Partner for digital strategy at Primo Capital and a member of its Board of Directors, where he also handles AML procedures. He spends most of his time overseeing the firm's digital funds, supporting scouting, and managing the portfolio. Earlier in his career he co-founded the tech consultancy dPixel S.r.l., served as Promoter, Partner, and Seed Fund Key Manager at Digital Investments SCA SICAR (2010), and founded Vitaminic in 1999, leading it as CEO through its 2000 IPO, following prior roles at DMB&B and ISTUD.

Gianluca Dettori· Chairman & General Partner, Digital· Milan, Italyin 𝕏

Gianluca Dettori is founder and Chairman of Primo Capital and a General Partner for the firm's digital investment strategy, working on deal generation, portfolio management, and value creation. Active in the Italian internet sector since 1995, he held early roles at Olivetti and Lycos before co-founding Vitaminic in 1999, which he led to an IPO in 2000 as CEO. Since 2004 he has invested in more than sixty ICT and digital companies, founded the consultancy dPixel, and helped establish the Internet Advertising Bureau and Italian Tech Alliance; he is also a Kauffman Fellow.

Giorgio Minola· General Partner· Milanin

Giorgio Minola is a General Partner leading Primo Capital's space economy strategy and sits on the Board of Directors of Primo Capital SGR. He has worked in venture capital for over 25 years, starting in 1998 at Pino Venture Partners as an advisor to the Kiwi funds, and previously worked as a consultant at Arthur D. Little in Milan. Since 2020 he has been General Partner of Primo Space 1, a European venture fund focused on space technology, and holds an Economics degree from Bocconi University.

Giusy Cannone· Partner, Climate· Greater Milan Metropolitan Areain

Giusy Cannone is a General Partner at Primo Capital and Board Member at RARA Factory with over 15 years of experience in investment and startups. She has invested in early-stage climate technology companies and digital startups in the fashion and sustainability sectors across multiple regions, including the Middle East, Asia, and Europe. Her background includes roles as an investment manager at Italian Angels for Growth, an innovation specialist at Intesa Sanpaolo Bank supporting high-tech startups, and research and program coordination positions at the Kauffman Foundation and Mind the Bridge Foundation in the United States.

Matteo Cascinari· General Partner, Space· Milan, Italyin 𝕏

Matteo Cascinari is General Partner at Primo Ventures, leading its space economy investment strategy, and has served as General Partner of Primo Space since 2020. He previously held leadership roles in media and entertainment focused on digital transformation at Il Sole 24 Ore and The Walt Disney Company, later founding his own startup and working as an active investor for over 20 years across startups, scale-ups, and SMEs in Italy and abroad. He holds a degree in Business Administration from Bocconi University and teaches startups and venture capital in the Master AIFO program.

Niccolò Sanarico· CTO & General Partner, Digital· Milan, Lombardy, Italyin 𝕏

Niccolò is a software engineer and General Partner overseeing digital strategy at Primo Ventures, where he also serves as CTO and manages the digital funds' scouting and investment activities. He previously held leadership roles as Head of Dealflow and CTO at dPixel and worked as an Investment Manager on earlier funds, and coached the Barcamper seed-stage program. He holds an MBA from Saïd Business School (University of Oxford), an MEng in Computer Engineering from Politecnico di Milano, and an MS in Computer Science from the University of Illinois at Chicago, and lectures on "Startup 101" at Politecnico di Milano.

Raffaele Mauro· General Partner, Space· Milan, Italyin 𝕏

Raffaele Mauro is General Partner of Primo Ventures' Primo Space fund, where he works with European space-tech companies. He was previously Managing Director of Endeavor Italy and has worked in venture capital and high-tech investment at United Ventures (formerly Annapurna Ventures) and P101, along with innovation initiatives at the Intesa Sanpaolo Group. He holds an MPA from Harvard University, a PhD from Bocconi University, and completed the Graduate Studies Program at Singularity University; he has authored works including "Hacking Finance" and "Quantum Computing."

Simone Molteni· General Partner, Climate· Milan, Lombardy, Italyin

Simone Molteni is a General Partner at Primo Ventures leading its climate tech investment strategy, where he shapes the fund's investment theses and oversees the investment cycle. He began his career as a researcher at EPFL and has over 25 years of experience in sustainability and innovation, specializing in decarbonization and energy systems, and previously held senior roles at the LifeGate Group including Scientific Director. He graduated in Engineering from Politecnico di Milano and holds two Master's degrees from EPFL, in Energy and in Architecture and Sustainable Development.

Elisa Grasso· Investment Manager, Digital

Ilaria Cavalleri· Investment Principal, Space· Milan, Lombardy, Italyin

Ilaria Cavalleri is Investment Principal at Primo Ventures leading its space-economy strategy, where she manages dealflow and supports portfolio companies. She previously spent 2012–2024 at investment boutique Cenciarini & Co., rising from Associate to Head of Investments and Partner and serving as Partner of its space division TLI Space, with earlier experience in corporate finance and cross-border M&A in Australia. She holds a degree in Finance and Management from Bocconi University, teaches Entrepreneurship and Corporate Finance there as a Fellow, and created Scaleupitaly.com.

Abhijeet Dwivedi· United Statesin 𝕏

Abhijeet Dwivedi held a strategic deployment role at OpenAI and serves as a board member at Intercom.

Alessandro Mizzi· Analyst· Italy

What they invest in

from 40 of 102 portfolio companies

SaaS ×18AI & Machine Learning ×15Enterprise Software ×9Deep Tech ×8Hardware ×7Fintech ×6IoT ×6Space Tech ×6

HQs:Italy×18United States×5United Kingdom×3Canada×1Switzerland×1

Who they back

founder profiles across 14 portfolio companies

50%

solo founders

7 of 14 mapped founding teams

46%

repeat founders

of 13 founders with career history

Founding team size:solo founder×72 founders×54+ founders×2

Where their founders studiedfrom 13 founders with education data

Alma Mater Studiorum – Università di Bologna ×4

What their founders studiedfrom 15 founders with field-of-study data

Business & Management ×4Computer Science ×4Engineering ×4Mathematics & Statistics ×4Economics ×3Physics ×2

Where their founders worked beforefrom 13 founders with career history

Aspect Capital ×2InformedActions ×2

Investments · 102 tracked

founders shown can be your intro path

By year:2025 · 2 2024 · 8 2023 · 6 2022 · 2 2021 · 4 2020 · 1 2017 · 124 dated

Wisewise.com in 𝕏NASDAQ: WSE

Wise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.

FintechLondon, GB

Kristo Käärmann(Founder)in Taavet Hinrikus(Founder)in

Co-investorsAdventure Fund Andreessen Horowitz CDP Venture Capital Felicis Ventures Firestartr Glynn Capital Management +27 more

181Travel181travel.com

181travel curates and provides authentic local experiences — tours, activities, transfers and attractions — that hospitality partners such as resorts, hotels, clubs and B&Bs offer their guests, along with a digital concierge software for managing bookings.

B2B MarketplacesSaaSTravel & HospitalityCagliari, IT

Apogeo Spaceapogeo.space in

Apogeo Space is an Italian startup building a private constellation of picosatellites in Low Earth Orbit to deliver affordable IoT telecommunication services worldwide, connecting low-power, low-data-rate devices in remote or poorly connected areas.

HardwareIoTSpace Tech

Astrocastastrocast.com in 𝕏

Astrocast develops a nanosatellite constellation and low-power modules to connect IoT devices in remote, rural, and maritime areas where traditional cellular coverage is unavailable.

AgTechHardwareIoTSpace TechLausanne, CH

Fabien Jordan(Founder)inFederico Belloni(Founder)

Co-investorsBoundary Holding W11 Capital Airbus Ventures

Blubrakeblubrake.com in

Blubrake develops anti-lock braking systems engineered specifically for e-bikes and electric mobility.

HardwareIoTMobility & Transportation

Fabio Todeschini(Founder)in

Co-investorsGrowth Capital MI.TO Technology Neva Sgr.

Book Your Meetingfillout.com in 𝕏

Fillout is a platform for building forms, surveys, and quizzes that also connects to other business tools to automate and scale data-collection workflows.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS

Antony Toron(Founder)Dominic Whyte(Founder)

Co-investors1818 Venture Capital Bonfire Ventures BoxGroup Edmonton Unlimited Forum Ventures GLOCAL Latam +8 more

Brandon Groupbrandongroup.it in

BrandOn Group acts as a Merchant of Record, selling clients' products under its own accounts and VAT on over 80 online marketplaces such as Amazon, Zalando, Bol, ManoMano and Decathlon, handling the financial, accounting, legal, and logistics procedures.

E-commerceMarketplacesRetail Tech

Co-investorsCDP Venture Capital

BricksAItrybricks.ai in 𝕏Pre-Seed · Mar 2025 · $1.4MDefunct

White Circle provides real-time monitoring, safety controls, and policy enforcement for AI systems across the entire lifecycle.

AI & Machine LearningCybersecurityData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Spike Lu(Founder)in Donovan So(Founder)inDenis Shilov(Founder)

BoardOlivier Pomel(Cofounder & CEO)David Cramer(Cofounder & CPO)Francois Chollet(Cofounder)

Co-investorsOctopus Ventures Y Combinator

Caracolcaracol-am.com in 𝕏Seed · Sep 2021 · $4M

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 TechHardwareRoboticsBarlassina, IT

Co-investorsCDP Venture Capital EUREKA! Venture Growth Capital Growth Engine Neva Sgr.Omnes Capital

ChAIchaipredict.com in 𝕏

ChAI provides AI-powered insights and price predictions for commodity markets, helping companies in manufacturing and supply chain management understand raw material value chains and manage commodity price risk.

AI & Machine LearningEnterprise SoftwareFintechInsurTech

Tristan Fletcher(CEO & Co-Founder)in Marcus Dixon(COO & Co-Founder)in Michael Button(Co-Founder & CTO)inSteve Butler(Co-Founder & Markets Director)

Co-investors2050 Capital MMC Ventures

Circeuscirceus.com inSeries A · Sep 2023 · $120M

An AI-native holding company that acquires and develops B2B software businesses serving the everyday economy, operating as a permanent investor and operator that applies AI to help portfolio companies compound over time.

AI & Machine LearningEnterprise SoftwareSaaS

Gian Maria Gramondi(Founder)Luca Cartechini(Founder)

Co-investors645 Ventures Avonmore Developments BlackSheep Ventures CDP Venture Capital EBRD Venture Capital Investment Programme Founders Factory +4 more

Codemotioncodemotion.comMar 2017 · $3.5M

Co-investorsCDP Venture Capital LVenture Group P101 Ventures

Cortiliacortilia.it in

Cortilia is an online grocery marketplace that delivers locally sourced products — fruit, pantry items, and personal care goods — from around 400 producers directly to consumers' homes.

E-commerceFoodTechMarketplaces

Marco Porcaro(Founder)

Co-investorsFive Seasons Ventures Indaco Venture Partners P101 Ventures BooX

Cubbitcubbit.io in 𝕏Jul 2024

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

Alessandro Cillario(Founder)inLorenzo Posani(Founder)Marco Moschettini(Founder)Stefano Onofri(Founder)

Co-investorsCDP Venture Capital ETF Partners Growth Capital Growth Engine Italian Angels for Growth LocalGlobe +6 more

D-Orbitdorbit.space in 𝕏Sep 2024 · $110M

D-Orbit provides space logistics infrastructure and transportation services including satellite launch deployment, on-orbit servicing, refueling, and end-of-mission disposal using its proprietary ION Satellite Carrier orbital transfer vehicle.

Deep TechLogistics & Supply ChainSpace TechItaly, IT

Luca Rossettini(Founder)inRenato Panesi(Founder)inGiuseppe Tussiwand(Founder)Luca Rossettini Renato Panesi(Founder)Thomas Panozzo(Founder)

Co-investorsAstor Perkins Banca Investis — Family Office CDP Venture Capital Elysia Capital IceNine In-Q-Tel +13 more

Data Mastersdatamasters.it in 𝕏Seed · May 2023 · $700K

DataMasters provides online training courses in AI, data science, and machine learning for professionals seeking to develop technical skills through hybrid learning, practical projects, and community support.

AI & Machine LearningEdTech

Co-investorsZanichelli Venture

Ecosmicecosmic.ioPre-Seed · Apr 2024 · $1M

Eolianneoliann.com inPre-Seed · Nov 2022 · $2M

Eoliann builds Airis, a platform that uses geospatial data and artificial intelligence to calculate the probability, intensity, and physical and economic impact of climate events on assets and networks.

AI & Machine LearningClimate TechSaaS

Giovanni Luddeni(Founder)in Roberto Carnicelli in

Co-investorsCDP Venture Capital Montage Ventures Terna Forward

Eventsevents.com in 𝕏

Events.com is an AI and machine learning-powered platform for creating, promoting, and discovering events.

AI & Machine LearningB2B MarketplacesMarketplacesSaaSLa Jolla, US

Mitch T.(Founder)inJeff Cameron(Chief Technical Officer)inPaul Brown(Chief Financial Officer)in Paolo Privitera(Director)inDoug Harrison(Director)Stephen Partridge(Executive Officer, Director)

Co-investorsARTFO Holdings LLC Elizabeth Street Ventures Moore Venture Partners Raptor Group We Founder Circle Global Angels Fund EPIC VENTURES +2 more

Finbooksfinbooks.com

Finbooks (formerly CryptoBooks) is an Italian fintech that connects users' exchanges, wallets, brokers, and bank accounts to automatically calculate taxes and generate pre-filled tax reports for crypto and traditional investments.

Inreceptioninreception.it

inReception provides a cloud-based property management platform for small hospitality businesses like B&Bs and vacation rentals, combining booking engine, channel manager, and revenue management tools.

Italian Artisanitalian-artisan.com in

Italian Artisan operates a platform connecting fashion brands and retailers with a network of Made-in-Italy manufacturing workshops, offering custom production, ready-made designs, and supply-chain visibility.

Advanced ManufacturingB2B MarketplacesSaaS

iubendaiubenda.com in 𝕏Acquired

iubenda provides a digital compliance platform that helps businesses create and manage privacy policies, cookie banners, terms and conditions, and accessibility documentation to meet global privacy regulations.

LegalTechSaaS

Andrea Giannangelo(Founder)in Raffaele Negro in

Co-investors2100 Ventures 4Di Capital Brighteye Ventures Metrika SGR S.p.A.P101 Ventures Play Ventures +11 more

Keyless Technologieskeyless.io in 𝕏Nov 2023 · $6M

PingOne Recognize is a biometric authentication platform that uses zero-knowledge cryptography to enable secure identity verification and re-authentication while preserving privacy.

CybersecurityEnterprise SoftwareSaaSLondon

Andrea Carmignani(Director)in Fabian Eberle(Founder)in

BoardMiko Matsumura(Director)Lucio De Constanzo(Director)

Co-investorsBlockchain Valley Ventures, Llc Kickstart Innovation Loyal VC Privilège Ventures Blockchain Valley Ventures AG gumi Cryptos Capital (gCC)+2 more

Leaf Spaceleaf.spaceSeries A · Jan 2021 · $4M

Leaf Space operates a ground station network providing Ground Segment-as-a-Service infrastructure for satellite operators, enabling flexible access to satellite communications without owning ground infrastructure.

Deep TechIoTSaaSSpace TechMilan, IT

Jonata Puglia(Founder)in Gian Luca Ottino in

Co-investorsCDP Venture Capital Neva Sgr.SIMEST

Lithium Laserslithiumlasers.comSeed · Apr 2024 · $2M

Lithium Lasers develops tunable GHz burst femtosecond laser systems with patented full burst-modulation technology for ultra-precise material processing, and runs an in-house micromachining lab for process development and on-demand part production.

Advanced ManufacturingDeep TechHardware

Co-investors360 Capital

Mapendomapendo.co in

Mapendo is a mobile user-acquisition company that uses machine-learning algorithms to connect advertisers' apps and services with relevant users at scale, aiming to keep acquisition campaigns ROAS-positive.

AdTechAI & Machine LearningMarketing Tech

lorenzo viscanti(Founder)inMarco Marchini(Founder)in

Co-investorsItalian Angels for Growth

Mindeskmindeskvr.com 𝕏

Mindesk is a real-time BIM and CAD platform that connects CAD software with virtual reality and Unreal Engine 5, letting design teams view, edit, and review 3D models immersively.

Construction TechHardwareSaaS

Mon5mon5.it

Mon5 is an Italian cybersecurity startup that builds threat-detection and monitoring software (MON5hield) to protect operational technology environments like manufacturing, energy, and critical infrastructure.

Openmartopenmart.com in 𝕏Seed

Openmart provides a verified database of 50,000+ real estate investors across the United States, including investment firms, property investors, and syndicates, with enriched contact data for B2B sales and marketing teams.

AI & Machine LearningB2B MarketplacesData & InfrastructureEnterprise SoftwareSaaSSales TechSan Francisco, US

Richard He(CEO)in Kathryn Wu(Founder)inRichard He Kathryn Wu(Founder)Jin Zhou(operation lead)

Co-investorsAfore Capital Y Combinator Rebel Fund Brighter Capital Imagination Capital J17 Capital +10 more

Pangea Aerospacepangeaaerospace.comSeed · May 2021 · $4M

Co-investorsE2MC Ventures

Pediuspedius.org 𝕏

Pedius is a mobile app that lets deaf and hard-of-hearing people make phone calls independently by converting their typed messages into speech and transcribing the other party's spoken replies into text in real time.

AI & Machine LearningDigital HealthHealthtechRome, IT

Co-investorsCDP Venture Capital Kickstart Innovation

Primo Capitalprimo.capital in

Primo Capital is an Italian independent alternative investments platform managing funds focused on climate, health, digital, and space technology sectors.

Climate TechHealthtechSpace Tech

Co-investorsCDP Venture Capital

Punchlabpunchlab.net inSeed · May 2020 · $330K

PunchLab is a boxing workout app offering 300+ guided workouts with real-time punch tracking via Bluetooth wrist trackers or a phone-mounted punching bag strap that uses motion sensors.

HardwareSports TechWellness & Fitness

Valerio Raco(Founder)in

Co-investorsLVenture Group

Qomodoqomodo.me inPre-Seed · Nov 2023 · $37M

Qomodo is a digital payment platform offering merchants a smart POS that accepts card payments and lets customers pay in installments (2 to 12 payments, up to €5,000) while the merchant is paid immediately.

FintechRetail TechSaaSMilan, IT

Gaetano de Maio(Founder)in

Co-investorsInsiders Ventures LMDV Capital Lumen Ventures Proximity Capital RTP Global Fasanara Capital

Qubridgequbridge.io in

Quantum Bridge develops quantum-safe communication technology to protect internet communications against classical and quantum threats, working on quantum entanglement generation and quantum repeaters.

CybersecurityDeep TechQuantum ComputingToronto, CA

Mattia Montagna(CEO & Co-founder)inHoi-Kwong Lo(CSO & Co-founder)in

Co-investorsBacchus Venture Capital Good News Ventures Icebook Investments Corp.Toronto Innovation Acceleration Partners

Rara Factoryrarafactory.com in

RARA Factory develops next-generation materials by combining physics-driven AI with high-throughput synthesis and advanced characterization, aiming to replace scarce and critical raw materials with sustainable alternatives.

AI & Machine LearningDeep TechNew Materials

Co-investorsCDP Venture Capital

Sardexpaysardexpay.net in

SardexPay operates a complementary currency and business-to-business payment circuit that lets companies trade goods and services in "Sardex" credits at zero interest, preserving cash liquidity.

B2B MarketplacesFintech

Co-investorsCDP Venture Capital

Servitlyservitly.com inSeed · Jun 2022 · $2.2M

Servitly provides a no-code platform for digital product-service systems that enables manufacturers and service providers to create data-driven after-sales services and move from reactive to proactive service models.

Enterprise SoftwareIoTSaaS

Shop Circleshopcircle.co in 𝕏

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-investors3VC 645 Ventures BlackSheep Ventures CDP Venture Capital EUREKA! Venture First Check Ventures +4 more

Sibillsibill.com inPre-Seed · Oct 2021 · $580K

Sibill provides technology to help small and medium-sized businesses simplify their administrative and financial management, giving them clearer visibility to make informed decisions.

AI & Machine LearningFintechSaaSMilan, IT

Dario Prencipe(Founder)in

Co-investorsKeen Venture Partners Creandum

Sidereussidereus.space in 𝕏

Sidereus Space Dynamics was a space technology research and development company operating in Italy and Europe.

Deep TechSpace Tech

Luca Principi(Founder)Massimiliano Masciarelli(Founder)Mattia Barbarossa(Founder)

Co-investorsCDP Venture Capital

Streamablestreamable.run in 𝕏Seed

Streamable provides live streaming infrastructure and server technology for content creators, enabling multi-platform broadcasting to services like Twitch and YouTube with features like drop protection, smart buffering, and vertical format support.

AI & Machine LearningConsumerCreator EconomyMedia & EntertainmentSaaSSan Francisco, US

Nang Ang(CEO)in Manav Bokinala(Founder)inDuke Pan

Co-investorsY Combinator Capitalize VC Funders Founders Goodwater Capital Lyra Capital Pty Ltd OurCrowd +1 more

Trovabirretrovabirre.it

Trovabirre runs a B2B online marketplace connecting Italian craft breweries directly with bars, restaurants, pizzerias and shops, and offers its own logistics for order fulfillment.

Vection Technologiesvection-technologies.com in

Vection Technologies is a business-to-business technology provider.

Enterprise Software

Co-investorsCDP Venture Capital

WithLesswithless.comSeed · Jun 2024 · $1.7M

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-investorsGrowth Capital Growth Engine

WordLiftwordlift.it in 𝕏

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)in David Riccitelli(Chief Technology Officer)in Jason Lam(Chief Product & Operating Officer)in Gennaro Cuofano(Chief Revenue Officer)in

Co-investorsGrowth Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

181AIKOAiko Infinite Ways To AutonomyAstradyneBarcamperBricks ShCompetitoorCrestopticsCryptobooksEnteromeeventboost neroFactanza MediaInnovative assembly system Write-OffInstakitchenInteractive boxing workouts Write-OffIrreoKeylessKeyless HoldingsKrillmatLambdaLazioMarlene Livemercurius gooseMicro Defense System Write-OffMiraiMt OrthoMuscopeMuscope CybersecurityNew Space SolutionsNext-generation nanosatellitesNooncarePieffeunoPowering SpacePrimoclimatePrimodigitalPrimohealthPrimospacefundQuantum Bridge TechnologiesRarearthRevolv SpaceSensorless Irrigation PlannerShopcircleSidereus Space DynamicsSiftSilk BiomaterialsSpace connected, limits goneStartupitaliaStellar TelecommunicationsThe Italian AI AcademyToolhouseVectionWrite-OffXBOOKSYolo Tech Insurance

Exits · 7

1 IPOs · 6 acquisitions · showing 6

WiseNASDAQ: WSECompetitooracq. by Deda StealthCrestopticsacq. by Apposite Capital LLPFactanza Mediaacq. by ZNext (Zanichelli Holding)Mt Orthoacq. by Primo Capital (Primo Health fund)Muscope Cybersecurityacq. by TeamSystem

Portfolio news

latest coverage across their companies

Circeus extends acquisition spree with Dondy, scaling AI agents to turn conversations into revenue — TFN

Circeus · techfundingnews.com · Jul 22, 2026

Primo Capital targets €120M for its second space fund after its portfolio returned 8x — TFN

Primo Capital · techfundingnews.com · Jul 9, 2026

Caracol Raises $40M in Series B Funding

Caracol · finsmes.com · Oct 14, 2025

A €4.25 million round to build a resilient future | Eoliann

Eoliann · eoliann.com · Oct 9, 2025

Openmart - Get local business contacts in Clay

Openmart · ycombinator.com · Aug 7, 2025

Italian FinTech startup Sibill raises €12 million to bring all-in-one finance platform to Italian SMEs and accountants | EU-Startups

Sibill · eu-startups.com · Jun 26, 2025

Frequently asked questions

How many investments has Primo Ventures made?: Primo Ventures has 102 tracked investments, 7 of which have exited, including 3 dated in the last 24 months.
What stage does Primo Ventures invest at?: Primo Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What is Primo Ventures's typical check size?: Primo Ventures typically writes checks of $1.1M.
What sectors does Primo Ventures focus on?: Primo Ventures focuses on AI & Machine Learning, Biotech, Climate Tech, Consumer, Crypto & Web3, Data & Infrastructure, Defense Tech, Enterprise Software, Fintech, Hardware, Healthtech, SaaS, Sector Agnostic, Space Tech.
Where is Primo Ventures located?: Primo Ventures is headquartered in Milan, IT.
Does Primo Ventures lead rounds?: Primo Ventures typically participates in rounds rather than leading them.
Who does Primo Ventures co-invest with?: Primo Ventures most often shares deals with CDP Venture Capital, Growth Capital, P101 Ventures, among 64 tracked co-investors.
What size deals does Primo Ventures back?: Across 9 deals with disclosed amounts, Primo Ventures has joined rounds of $1M – $37M (median $2M).

Media · Podcasts & interviews

featuring the team

IIS 23 Gianluca Dettori | Partner – Primo Ventures

ITALIAN INSURTECH ASSOCIATION · Gianluca Dettori

Intervista a Gianluca Dettori - Chairman, General Partner @ Primo Ventures | Kauffman Fellow

L'innovazione: una disubbidienza che genera valore · Gianluca Dettori

Gianluca Dettori, Chairman, General Partner Primo Ventures | Confessioni di un investitore | Ep. 03

Mamazen TV - Startup Studio · Gianluca Dettori

Tech Talk with Giulia De Rossi and Raffaele Mauro from Primo Ventures

Raffaele Mauro

Gianluca Dettori, Primo Ventures; gli Unicorni possono nascere anche in Italia

MonitorImmobiliare · Gianluca Dettori

Co-investors · 15

CDP Venture Capital

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.

Both backed · 18

Wise Brandon Group Caracol Circeus Cubbit D-Orbit Eoliann Leaf Space Pedius Primo Capital Rara Factory Sardexpay Shop Circle Sidereus Vection TechnologiesCodemotionSidereus Space DynamicsStartupitalia

Neva Sgr.

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.

Both backed · 5

Blubrake Caracol D-Orbit Leaf SpaceYolo Tech Insurance

P101 Ventures

P101 is an Italian venture capital manager (P101 SGR) that backs founders from seed through early growth, taking minority stakes and acting as a hands-on advisor. It operates several funds plus a fund-of-funds program with total AUM of €500m.

Both backed · 5

Cortilia iubenda Keyless TechnologiesCodemotionStartupitalia

$1.1M – $10.8M

EUREKA! Venture

EUREKA! Venture SGR is an independent Italian venture capital asset management company focused exclusively on deep tech investments, drawing on expertise in scientific research, technology transfer, and venture capital.

Both backed · 3

Wise Caracol Shop Circle

QED Investors

QED Investors is a venture capital firm focused on financial services, founded by former Capital One executives to back founders bringing transparency and fairness to fintech.

Both backed · 2

Circeus Shop Circle

$30K – $20M

645 Ventures

645 Ventures is an early-stage venture capital firm based in New York and San Francisco that backs founders at the pre-product, pre-revenue stage.

Both backed · 2

Circeus Shop Circle

$1M – $15M

3VC

3VC is a European venture capital fund that backs carefully selected tech startups showing outrageous ambition and early product-market fit, providing hands-on support to portfolio companies.

Both backed · 2

Circeus Shop Circle

$1.1M – $10M

LVenture Group

LVenture Group is a venture capital company that invests in early-stage startups and runs an innovation hub with offices and coworking spaces in Rome and Milan.

Both backed · 2

PunchlabCodemotion

Omnes Capital

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.

Both backed · 1

Caracol

Stride VC

Stride VC invests in seed-stage companies operating in the United Kingdom and France.

$317.5K

Passion Capital

Passion Capital is an early-stage venture capital firm that backs European founders building technology companies, with a focus on AI, FinTech and Risk.

Endeavor Catalyst

Endeavor is a global nonprofit network supporting high-impact entrepreneurs across 45+ markets, and operates Endeavor Catalyst, a rules-based co-investment fund that invests in the same entrepreneurs Endeavor supports.

▶3 more co-investors

Beyond Capital RedSeed Ventures Inveready Technology Investment Group

Firms observed investing alongside Primo Ventures, from public investor directories. Shared companies are the overlap with Primo Ventures's recorded portfolio.

Similar investors

Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M

Khosla Ventures

Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.

$100K – $20M

DCVC (Data Collective)

DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.

$5M – $25M

ACT Venture Capital

ACT Venture Capital is an independent Irish venture capital firm that invests €1 million to €15 million in growth-stage private companies, with capacity for larger commitments through syndicated rounds.

$1.1M – $16.2M

B Capital Group

B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.

$10M – $50M