17 startup investors in Milan
We list 17 startup investors in Milan as of November 2026: each was checked on its own website or an official register, and the list was last checked on 9 Nov 2026. The sectors tagged most often are SaaS and B2B software (8), AI (6) and healthtech and digital health (6).
Top 8 startup investors in Milan, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
P101
Type: VC firm · HQ: Milan, Italy · Stages: Seed, Series A, Growth · Focus: Generalist, SaaS, Fintech, AI · Latest activity: New deal, Oct 2026 · Fund size or assets: €500M (own site)
Dated new deal in Oct 2026; €500M on file (own site); backs seed, Series A, growth-stage; 4 named decision-makers on file.
Primo Capital
Type: VC firm · HQ: Milan, Italy · Stages: Seed, Series A, Growth · Focus: SaaS, Space, Climate Tech, Healthtech · Latest activity: Portfolio news, Mar 2026 · Fund size or assets: €537M (own site)
Portfolio news dated Mar 2026; €537M on file (own site); backs seed, Series A, growth-stage; 4 named decision-makers on file.
Riello Investimenti SGR
Type: Fund manager · HQ: Milan, Italy · Stages: Series A, Growth · Focus: Generalist · Latest activity: New deal, Nov 2025 · Fund size or assets: €410M (own site)
Dated new deal in Nov 2025; €410M on file (own site); backs Series A, growth-stage; 2 named decision-makers on file.
Nextalia SGR (Nextalia Ventures)
Type: Fund manager · HQ: Milan, Italy · Stages: Series A, Series B, Growth · Focus: B2B, SaaS, Fintech, Insurtech · Latest activity: New fund, Oct 2026
Latest fund filing dated Oct 2026; backs Series A, Series B, growth-stage; 4 named decision-makers on file.
Prana Ventures
Type: VC firm · HQ: Milan, Italy · Stages: Seed · Focus: Generalist, SaaS, Marketplace, Insurtech · Latest activity: New deal, Sep 2026
Dated new deal in Sep 2026; backs seed; 3 named decision-makers on file.
XGEN Venture
Type: VC firm · HQ: Milan, Italy · Stages: Seed, Series A · Focus: Healthtech, Biotech, Medtech · Latest activity: Portfolio news, Oct 2026
Portfolio news dated Oct 2026; backs seed, Series A; 3 named decision-makers on file.
Alternative Capital Partners SGR
Type: Fund manager · HQ: Milan, Italy · Stages: Seed · Focus: AI, Fintech, Insurtech, B2B · Latest activity: Portfolio news, Sep 2026
Portfolio news dated Sep 2026; backs seed.
United Ventures
Type: VC firm · HQ: Milan, Italy · Stages: Seed, Series A, Growth · Focus: Deep Tech, AI, SaaS, Cybersecurity · Latest activity: New deal, Jul 2026
Dated new deal in Jul 2026; backs seed, Series A, growth-stage; 4 named decision-makers on file.
First 10 of 17 startup investors in Milan
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| P101 | VC firm | Milan, Italy | Seed, Series A, Growth | Generalist, SaaS, Fintech, AI | New deal, Oct 2026 | €500M (own site) | 7 Nov 2026 | 4 names, firm email · Unlock |
| Primo Capital | VC firm | Milan, Italy | Seed, Series A, Growth | SaaS, Space, Climate Tech, Healthtech | Portfolio news, Mar 2026 | €537M (own site) | 7 Nov 2026 | 4 names, firm email · Unlock |
| Riello Investimenti SGR | Fund manager | Milan, Italy | Series A, Growth | Generalist | New deal, Nov 2025 | €410M (own site) | 7 Nov 2026 | 2 names · Unlock |
| Nextalia SGR (Nextalia Ventures) | Fund manager | Milan, Italy | Series A, Series B, Growth | B2B, SaaS, Fintech, Insurtech | New fund, Oct 2026 | 9 Nov 2026 | 4 names, firm email · Unlock | |
| Prana Ventures | VC firm | Milan, Italy | Seed | Generalist, SaaS, Marketplace, Insurtech | New deal, Sep 2026 | 7 Nov 2026 | 3 names, firm email · Unlock | |
| XGEN Venture | VC firm | Milan, Italy | Seed, Series A | Healthtech, Biotech, Medtech | Portfolio news, Oct 2026 | 7 Nov 2026 | 3 names · Unlock | |
| Alternative Capital Partners SGR | Fund manager | Milan, Italy | Seed | AI, Fintech, Insurtech, B2B | Portfolio news, Sep 2026 | 7 Nov 2026 | firm email · Unlock | |
| United Ventures | VC firm | Milan, Italy | Seed, Series A, Growth | Deep Tech, AI, SaaS, Cybersecurity | New deal, Jul 2026 | 7 Nov 2026 | 4 names · Unlock | |
| Eureka! Venture SGR | VC firm | Milan, Italy | Pre-seed, Seed, Series A | Deep Tech, AI, Climate Tech, SaaS | 7 Nov 2026 | 3 names, firm email · Unlock | ||
| Angels for Women | Angel network | Milan, Italy | Pre-seed, Seed | Generalist, Impact | 7 Nov 2026 | 2 names, firm email · Unlock |
You are seeing 10 of 17. The full list adds 7 more investors and 49 named decision-makers.
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How these 17 break down
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 3 | 18% |
| Seed | 12 | 71% |
| Series A | 9 | 53% |
| Series B | 2 | 12% |
| Growth | 8 | 47% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| SaaS | 8 | 47% |
| AI | 6 | 35% |
| Healthtech | 6 | 35% |
| Deep Tech | 5 | 29% |
| Fintech | 4 | 24% |
| Climate Tech | 4 | 24% |
| Impact | 4 | 24% |
| Space | 3 | 18% |
| Insurtech | 3 | 18% |
| Cybersecurity | 3 | 18% |
| B2B | 2 | 12% |
| Edtech | 2 | 12% |
Sector is our research. A firm can carry more than one sector.
By type
| Type | On this list | Share |
|---|---|---|
| VC firm | 10 | 59% |
| Fund manager | 5 | 29% |
Method and limits
- Source
- No row on this list rests on an SEC filing. All 17 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Place: an office in Milan.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 17 rows: stage 15, sector 17, fund size 3, website 17. In the paid file: named decision-makers on 14 rows, firm email on 13, LinkedIn page on 8, check size on 3.
- Corrections
- Email hello@theinvestordatabase.com or use the update form. We act within 5 working days.
Questions
How many startup investors are in Milan?
We list 17 as of November 2026. 8 of the 17 have a fund filing or a dated deal in the last 12 months. By type: VC firm (10), Fund manager (5) and Angel network (1).
Which startup investors in Milan were active in the last 12 months?
None of the 17 has a fund filing dated in the last 12 months on file; 8 have other dated activity in that time (fund announcement, new deal and portfolio news), most recently P101 (new deal, Oct 2026), XGEN Venture (portfolio news, Oct 2026) and Nextalia SGR (Nextalia Ventures) (fund announcement, Oct 2026).
What stages do startup investors in Milan back?
Of the 15 with a stage on file, seed (12), Series A (9) and growth-stage (8). A firm can back more than one stage, and 2 rows have no stage on file yet.
Where does the data on startup investors in Milan come from and how often is it updated?
All 17 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 9 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of startup investors in Milan as a spreadsheet?
Yes. The file holds all 17 rows in Excel and CSV, with 49 named decision-makers and 13 firm emails, for $49 one-time. 10 rows are free on this page.
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