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Primo Capital SGR

Primo Capital SGR

Milano, Italy·Founded 2015··primo.capital

Primo Capital SGR, formerly Primomiglio SGR and then Primo Ventures, is an independent Milan-based alternative asset manager running venture capital and private equity funds across digital, space economy, climate and health technologies, with over 500 million euro of committed capital.

AUM
€507M
Funds
5
vintages 2016–2024
Portfolio
48
Exits
7

Key facts

HQMilano, Italy
Founded2015
Employees30+

Recent exits

Factanza Media
Factanza Media
TMT2026 · 3yr hold
Competitoor
Competitoor
SaaS2025 · 8yr hold
Keyless Holdings
Cybersecurity2025 · 6yr hold
Muscope Cybersecurity
Cybersecurity2024 · 1yr hold

Coverage notes

5 funds tracked, 55 portfolio companies (48 active · 7 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

55 companies
Aerospace & Defence
11 · 20%
SaaS
8 · 15%
ClimateTech
5 · 9%
Software
4 · 7%
Cybersecurity
4 · 7%
Fintech
3 · 5%
E-commerce
3 · 5%
Deep Tech
2 · 4%

Funds & portfolio

Every fund Primo Capital SGR has raised, with its portfolio companies. Hand-checked from public filings.

5 funds
Primo ClimateVC
2024 · 2yr5 active

Unrealized

5 held
BlubrakeActive
MobilityItaly· Entry 2025
DMAT
DMATActive
ClimateTechItaly· Entry 2025
KrillmatActive
ClimateTechItaly· Entry 2025
Rara FactoryActive
ClimateTechItaly· Entry 2026
RarearthActive
ClimateTechItaly· Entry 2025
Primo HealthGrowth
2024 · 2yr1 active

Unrealized

1 held
Mt OrthoActive
MedTechItaly· Entry 2025
Primo DigitalVC
2022 · 4yr€62M11 active · 1 realized

Unrealized

11 held
ArchimedeActive
SoftwareItaly· Entry 2026
bricks.shActive
SoftwareItaly· Entry 2026
Circeus
CirceusActive
SaaSUK· Entry 2023
DataMasters
DataMastersActive
Data & AnalyticsItaly· Entry 2023
FinbooksActive
FintechItaly· Entry 2024
E-commerceItaly· Entry 2022
MiraiActive
Deep TechItaly· Entry 2026
QomodoActive
FintechItaly· Entry 2023
CybersecurityCanada· Entry 2026
Servitly
ServitlyActive
SaaSItaly· Entry 2022
WithLess
WithLessActive
SaaSItaly· Entry 2024

Realized

1 exit
CybersecurityItaly· Entry 2023
Trade Saleto
Primo SpaceVCHarvesting
2020 · 6yr€85M16 active

Unrealized

16 held
AIKO
AIKOActive
Aerospace & DefenceItaly· Entry 2020
Apogeo Space
Apogeo SpaceActive
Aerospace & DefenceItaly· Entry 2022
Astradyne
AstradyneActive
Aerospace & DefenceItaly· Entry 2025
Caracol AM
Caracol AMActive
IndustrialsItaly· Entry 2021
ChAI
ChAIActive
AI/MLUK· Entry 2022
Ecosmic
EcosmicActive
Aerospace & DefenceItaly· Entry 2024
Eoliann
EoliannActive
ClimateTechItaly· Entry 2022
Irreo
IrreoActive
AgTechItaly· Entry 2022
Leaf Space
Leaf SpaceActive
Aerospace & DefenceItaly· Entry 2021
Aerospace & DefenceItaly· Entry 2024
Mon5
Mon5Active
Aerospace & DefenceItaly· Entry 2026
Aerospace & DefenceSpain· Entry 2021
Revolv Space
Revolv SpaceActive
Aerospace & DefenceItaly· Entry 2024
Aerospace & DefenceItaly· Entry 2021
TelecomItaly· Entry 2024
U-SpaceActive
Aerospace & DefenceItaly· Entry 2025
Barcamper VenturesVCHarvesting
2016 · 10yr15 active · 6 realized

Unrealized

15 held
181travel
181travelActive
E-commerceItaly· Entry 2023
E-commerceItaly· Entry 2018
Codemotion
CodemotionActive
DevToolsItaly· Entry 2019
Cubbit
CubbitActive
Cloud InfrastructureItaly· Entry 2019
EventBoost
EventBoostActive
SaaSItaly· Entry 2019
InReception
InReceptionActive
SaaSItaly· Entry 2020
Mapendo
MapendoActive
AdTechItaly· Entry 2016
PunchLab
PunchLabActive
ConsumerItaly· Entry 2020
Quicare
QuicareActive
HealthTechItaly· Entry 2025
Sardex
SardexActive
FintechItaly· Entry 2020
Sift
SiftActive
CybersecurityUS· Entry 2021
TwinOne
TwinOneActive
SoftwareItaly· Entry 2021
Deep TechAustralia· Entry 2020
WordLift
WordLiftActive
AI/MLItaly· Entry 2022
InsurTechItaly· Entry 2017

Realized

6 exits
BreadcrumbsIOExited 2024
SaaSUS· Entry 2021
Trade Saleto
Competitoor
CompetitoorExited 2025
SaaSItaly· Entry 2017
Trade Saleto
DishcoveryExited 2024
SaaSItaly· Entry 2020
Trade Saleto
Factanza Media
Factanza MediaExited 2026
TMTItaly· Entry 2023
Trade Saleto
Keyless HoldingsExited 2025
CybersecurityUK· Entry 2019
Trade Saleto
MindeskExited 2020
SoftwareItaly· Entry 2019
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue