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Principia SGR

Principia SGR

Milan, Italy·Founded 2002··principiasgr.it

Principia SGR was a Milan-based venture and growth capital manager founded in 2002 as Quantica SGR and rebranded Principia around 2011. It ran three closed-end funds - the generalist Principia Fund, the digital-focused Principia II and the 205 million euro Principia III-Health life sciences fund - and produced landmark Italian venture outcomes including the sale of EOS to Clovis Oncology and the listings of Docebo and Compass Pathways. After a 2021 change of control to the OAN Capital and Antirion group the firm was renamed Xyence, and its original website is no longer active.

AUM
–
Funds
3
vintages 2007–2014
Portfolio
36
Exits
7

Key facts

HQMilan, Italy
Founded2002

Recent exits

DoveConviene
E-commerce2023 · 10yr hold
Compass Pathways
Compass Pathways
Biotech2020 · 2yr hold
Docebo
Docebo
SaaS2019 · 7yr hold
Comecer
Comecer
MedTech2018 · 3yr hold

Coverage notes

3 funds tracked, 43 portfolio companies (36 active · 7 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

43 companies
Software
7 · 16%
Biotech
6 · 14%
MedTech
5 · 12%
E-commerce
5 · 12%
Fintech
3 · 7%
Pharma
2 · 5%
AdTech
2 · 5%
IT Services
2 · 5%

Funds & portfolio

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

3 funds
Principia III - HealthLife Sciences VCHarvesting
2014 · 12yr€205M9 active · 2 realized

Unrealized

9 held
AnaBios
AnaBiosActive
BiotechUS· Entry 2016
ComftechActive
MedTechItaly· Entry 2018
CrestOptics
CrestOpticsActive
MedTechItaly· Entry 2018
Enterome
EnteromeActive
BiotechFrance· Entry 2018
Gada
GadaActive
MedTechItaly· Entry 2018
KLISBio
KLISBioActive
BiotechItaly· Entry 2016
BiotechItaly· Entry 2016
Trifarma
TrifarmaActive
PharmaItaly· Entry 2017
Wise
WiseActive
MedTechItaly· Entry 2015

Realized

2 exits
Comecer
ComecerExited 2018
MedTechItaly· Entry 2015
Trade Saleto
Compass Pathways
Compass PathwaysExited 2020
BiotechUK· Entry 2018
IPO
Principia IIVCHarvesting
2011 · 15yr26 active · 3 realized

Unrealized

26 held
AdTechItaly· Entry 2012
6sicuroActive
InsurTechItaly· Entry 2012
AltiliaActive
AI/MLItaly· Entry 2012
BangBiteActive
FoodTechItaly· Entry 2013
BibutekActive
SoftwareItaly· Entry 2013
CicerOOsActive
SoftwareItaly· Entry 2012
City News
City NewsActive
TMTItaly· Entry 2011
Crowd
CrowdActive
SoftwareItaly· Entry 2011
D-Share
D-ShareActive
FintechItaly· Entry 2013
Eco4CloudActive
Cloud InfrastructureItaly· Entry 2011
AdTechItaly· Entry 2012
Eximia
EximiaActive
SoftwareItaly· Entry 2013
GamingItaly· Entry 2012
IM3DActive
HealthTechItaly· Entry 2013
IT ServicesItaly· Entry 2012
JuspActive
FintechItaly· Entry 2013
Moneyfarm
MoneyfarmActive
FintechItaly· Entry 2012
Data & AnalyticsItaly· Entry 2012
Rysto
RystoActive
SoftwareItaly· Entry 2013
E-commerceItaly· Entry 2013
SoundayActive
SoftwareItaly· Entry 2013
TacatiActive
SoftwareItaly· Entry 2013
Vivocha
VivochaActive
SaaSItaly· Entry 2012
E-commerceItaly· Entry 2012
X2 TVActive
TMTItaly· Entry 2010
ZoorateActive
E-commerceItaly· Entry 2011

Realized

3 exits
ApplixExited 2017
IT ServicesItaly· Entry 2011
Trade Saleto
Docebo
DoceboExited 2019
SaaSItaly· Entry 2012
IPOto
DoveConvieneExited 2023
E-commerceItaly· Entry 2013
Trade Saleto
Principia FundVCHarvesting
2007 · 19yr1 active · 2 realized

Unrealized

1 held
PharmesteActive
PharmaItaly· Entry 2007

Realized

2 exits
BanzaiExited 2015
E-commerceItaly· Entry 2010
IPO
BiotechItaly· Entry 2009
Trade Saleto
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Last updated July 2026 · Sourced from public filings · Report an issue