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Primo Ventures, now operating under the Primo Capital brand, is an Italian venture capital firm based in Milan. Founded as Primomiglio, the firm has evolved into a multi-fund investment platform focusing on key technological sectors. Currently, it manages approximately $88 million in assets across various funds, with a portfolio of around 70 companies. The firm has expanded its investment strategy to include private equity, reflecting its growth and adaptability in the changing investment landscape.
Primo Ventures has established itself as a significant player in the venture capital space, particularly in Italy and Europe. The firm has a strong operational team that supports startups demonstrating product/market validation. Notable milestones include successful exits from companies like D-Orbit, Leaf Space, and Cortilia.it, showcasing the firm's ability to identify and nurture high-potential ventures.
Primo Ventures invests across a diverse range of sectors, including fintech, logistics, space-tech, healthcare, climate, and cybersecurity. The firm targets various stages of investment, specifically pre-seed, seed, and Series C rounds. This multi-stage approach allows them to engage with startups at different growth phases, providing tailored support based on their specific needs.
The firm emphasizes investing in impact-driven ventures, particularly those that create positive societal or environmental outcomes. Their investment thesis focuses on companies that demonstrate product/market validation and have the potential for significant growth. Primo Ventures seeks founders who are not only innovative but also committed to making a difference in their respective industries.
Primo Ventures boasts a diverse portfolio of approximately 70 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
Additionally, notable exits from the portfolio include:
Recent investments include Blubrake, U-Space, ASTRADYNE, and DMAT, further expanding their reach in innovative sectors.
Gianluca Dettori – Chairman. Gianluca is a serial entrepreneur and co-founder of Dada S.p.A., with extensive experience in the tech investment space.
Antonio Concolino – CEO. Antonio leads the firm with a focus on strategic growth and operational excellence.
Raffaele Mauro – Partner. Raffaele brings expertise in digital entrepreneurship and has a strong background in technology investments.
Matteo Cascinari – Partner. Matteo specializes in venture capital and has a keen interest in supporting innovative startups.
Simone Molteni – Partner. Simone has a background in technology and finance, contributing to the firm's investment strategy.
Carlo Vanoli – Partner. Carlo focuses on operational support for portfolio companies, leveraging his experience in entrepreneurship.
Emiliano Tonelli – Partner. Emiliano has a strong background in venture capital and technology, enhancing the firm's investment capabilities.
Giusy Cannone – Partner. Giusy specializes in supporting startups in the healthcare and climate sectors, aligning with the firm's impact-driven focus.
To pitch to Primo Ventures, founders should use the contact form available on their website at primovc.com. The pitch deck should include a clear overview of the business model, market opportunity, and the impact the startup aims to create. Founders are encouraged to provide detailed financial projections and a roadmap for growth.
Primo Ventures prefers warm introductions but will also consider direct applications through their website. Response times can vary, but founders should expect to hear back within a few weeks. It is advisable to follow up if no response is received after this period.
In November 2025, Primo Ventures made a notable investment in Blubrake, a company specializing in e-bike ABS technology. This investment aligns with their focus on innovative transportation solutions.
Additionally, in the same month, they participated in a funding round for U-Space, which has raised a total of $28.07 million for its drone traffic management solutions. This investment reflects the firm's commitment to supporting advancements in space technology.
In September 2025, Primo Ventures invested $2.34 million in ASTRADYNE, a company focused on space propulsion technologies. This investment further emphasizes their dual-vertical strategy in space-tech.
In October 2025, they also invested in DMAT, a materials science company with applications in the space sector. These recent activities highlight the firm's active engagement in high-potential sectors.
What are the investment criteria for Primo Ventures?
Primo Ventures focuses on impact-driven ventures across sectors such as fintech, logistics, healthcare, and space technology. They target companies at pre-seed, seed, and Series C stages, emphasizing those with product/market validation.
How can startups apply or pitch to Primo Ventures?
Startups can pitch to Primo Ventures through their website at primovc.com. They encourage founders to provide a clear overview of their business model, market potential, and impact.
What makes Primo Ventures different from other VC firms?
Primo Ventures distinguishes itself through its strong operational support and focus on impact-driven investments. The firm leverages the extensive experience of its partners to provide strategic guidance and access to a broad network.
What is the geographic scope of Primo Ventures?
Primo Ventures primarily invests in Italy and Europe, with a focus on Latin America for certain sectors. Their investment strategy is designed to support startups that align with their mission of creating positive impact.
What is the typical check size for investments?
Primo Ventures typically invests between €0–1 million across various stages, including pre-seed, seed, and Series C rounds. This flexibility allows them to engage with startups at different growth phases.
What kind of post-investment involvement can startups expect?
Primo Ventures provides significant operational support to its portfolio companies, including strategic guidance and access to their extensive network. They actively engage with founders to help navigate challenges and scale their businesses.
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