Indaco Venture Partners SGR
Indaco Venture Partners SGR is Italy's largest independent venture capital asset management company, founded in 2016 and headquartered in Milan. It invests in innovative companies across electronics, robotics and new materials, medtech, biotech and pharma, and digital, backing businesses primarily in Italy but also across Europe, the United States, Canada and Israel. The firm manages over EUR 363 million across seven active funds and grew out of the venture activities previously run by Futurimpresa SGR, whose Atlante and TT Venture funds it now manages.
AUM
€363M
Funds
6
vintages 2008–2022
Portfolio
37
Exits
21
Key facts
Recent exits
D-Orbit
Aerospace & Defence2025 · 14yr hold
Connect Ventures
Financials2024 · 11yr hold
Tecma
PropTech2022 · 2yr hold
The Data Appeal Company
Data & Analytics2022 · 4yr hold
Coverage notes
6 funds tracked, 58 portfolio companies (37 active · 21 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
58 companiesBiotech
12 · 21%
MedTech
10 · 17%
Deep Tech
8 · 14%
AI/ML
3 · 5%
E-commerce
2 · 3%
Cybersecurity
2 · 3%
PropTech
2 · 3%
TMT
2 · 3%
Funds & portfolio
Every fund Indaco Venture Partners SGR has raised, with its portfolio companies. Hand-checked from public filings.
6 funds
Indaco BIOLife Sciences VC2022 · 4yr€95M9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech |  Italy | 2021 | |
| Biotech |  Denmark | 2023 | |
| Biotech | Italy | 2024 | |
| Biotech |  Switzerland | 2023 | |
| Biotech | Italy | 2025 | |
| Biotech | Italy | 2024 | |
| Biotech | Italy | 2022 | |
| Pharma | Italy | 2025 | |
| Biotech |  Finland | 2025 |
Alia TherapeuticsActive
BiotechItaly· Entry 2021
Italy· Entry 2021Freya BiosciencesActive
BiotechDenmark· Entry 2023
Denmark· Entry 2023GenespireActive
BiotechItaly· Entry 2024
Italy· Entry 2024Hoba TherapeuticsActive
BiotechSwitzerland· Entry 2023
Switzerland· Entry 2023IAMA TherapeuticsActive
BiotechItaly· Entry 2025
Italy· Entry 2025MictheraActive
BiotechItaly· Entry 2024
Italy· Entry 2024Sibylla BiotechActive
BiotechItaly· Entry 2022
Italy· Entry 2022Tes PharmaActive
PharmaItaly· Entry 2025
Italy· Entry 2025Valo TherapeuticsActive
BiotechFinland· Entry 2025
Finland· Entry 2025Indaco Ventures IVCHarvesting2017 · 9yr€134M17 active · 3 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Deep Tech | Italy | 2025 | |
| AI/ML | Italy | 2022 | |
| MedTech | Israel | 2017 | |
| Deep Tech | Czechia | 2022 | |
| E-commerce | Italy | 2019 | |
| Cybersecurity | Italy | 2022 | |
| Mobility | Italy | 2018 | |
| MedTech | Italy | 2019 | |
| AI/ML | Italy | 2014 | |
| E-commerce | Italy | 2021 | |
| MedTech | Italy | 2020 | |
| Cloud Infrastructure | Italy | 2019 | |
| Energy |  UK | 2022 | |
| MedTech | Italy | 2016 | |
| Biotech | Switzerland | 2017 | |
| Education | Italy | 2019 | |
| MedTech | Italy | 2020 |
2DPhotonicsActive
Deep TechItaly· Entry 2025
Italy· Entry 2025AlmawaveActive
AI/MLItaly· Entry 2022
Italy· Entry 2022BenditActive
MedTechIsrael· Entry 2017
CodasipActive
Deep TechCzechia· Entry 2022
CortiliaActive
E-commerceItaly· Entry 2019
Italy· Entry 2019CysecActive
CybersecurityItaly· Entry 2022
Italy· Entry 2022EasyrainActive
MobilityItaly· Entry 2018
Italy· Entry 2018MedTechItaly· Entry 2019
Italy· Entry 2019Expert AIActive
AI/MLItaly· Entry 2014
Italy· Entry 2014Giglio.comActive
E-commerceItaly· Entry 2021
Italy· Entry 2021InnovHeartActive
MedTechItaly· Entry 2020
Italy· Entry 2020MainStreamingActive
Cloud InfrastructureItaly· Entry 2019
Italy· Entry 2019newcleoActive
EnergyUK· Entry 2022
UK· Entry 2022NewronikaActive
MedTechItaly· Entry 2016
Italy· Entry 2016NouscomActive
BiotechSwitzerland· Entry 2017
Switzerland· Entry 2017Talent GardenActive
EducationItaly· Entry 2019
Italy· Entry 2019WISEActive
MedTechItaly· Entry 2020
Italy· Entry 2020Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| PropTech | Italy | 2020 | 2022 | Trade Sale | – | ||
| Data & Analytics | Italy | 2018 | 2022 | Trade Sale | – | ||
| Deep Tech | UK | 2017 | 2020 | Trade Sale | – |
Atlante SeedVCHarvesting2011 · 15yr€10M6 active · 5 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech | Italy | 2016 | |
| MedTech | Italy | 2014 | |
| PropTech | Italy | 2015 | |
| Biotech | Italy | 2020 | |
| Software | Italy | 2016 | |
| TMT | Italy | 2015 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | Italy | 2014 | 2017 | Trade Sale | – | ||
| Financials | UK | 2013 | 2024 | Secondary | – | ||
| Business Services | Italy | 2011 | 2015 | IPO | – | – | |
| SaaS | Italy | 2016 | 2018 | Trade Sale | – | ||
| EdTech |  US | 2012 | 2017 | MBO | – |
Atlante Ventures MezzogiornoVCHarvesting2009 · 17yr€25M1 active · 2 realized
Atlante VenturesVCHarvesting2008 · 18yr€25M2 active · 4 realized
Unrealized
2 heldRealized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| AI/ML | Italy | 2013 | 2021 | Trade Sale | – | ||
| MedTech | Italy | 2008 | 2016 | MBO | – | ||
| MedTech | Italy | 2010 | 2013 | Trade Sale | – | ||
| Deep Tech | Italy | 2011 | 2016 | Trade Sale | – |
TT VentureVCHarvesting2008 · 18yr€64M2 active · 7 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech | Italy | 2010 | |
| Financials | Italy | 2009 |
BiouniversaActive
BiotechItaly· Entry 2010
Italy· Entry 2010Vertis VentureActive
FinancialsItaly· Entry 2009
Italy· Entry 2009Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Deep Tech |  Sweden | 2015 | 2020 | Trade Sale | – | ||
| Cybersecurity | Italy | 2013 | 2019 | Trade Sale | – | – | |
| Aerospace & Defence | Italy | 2011 | 2025 | Secondary | – | ||
| Deep Tech | Italy | 2009 | 2016 | IPO | – | ||
| Industrials | Italy | 2012 | 2014 | Secondary | – | ||
| Deep Tech | Italy | 2010 | 2020 | – | – | – | |
| Deep Tech | Italy | 2012 | 2015 | Trade Sale | – |
M31 ItaliaExited 2020
Deep TechItaly· Entry 2010
Italy· Entry 2010Track Indaco Venture Partners SGR
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Last updated August 2026 · Sourced from public filings · Report an issue