Venture Capital

Eureka! Venture SGR invests in deep technologies across various sectors, including Energy, Health & Well-Being, Mobility, Environment, and AI/Big Data. The firm primarily targets proof-of-concept, seed, and early-stage deals, particularly in spinoffs and startups emerging from Italian universities and research centers. The check sizes range from €250,000 to €7 million, allowing for flexibility in supporting companies at different stages of their development.

The investment strategy emphasizes the commercialization of scientific advancements, with a focus on companies that demonstrate strong intellectual property and innovative solutions. Eureka! Venture SGR seeks founders who are deeply knowledgeable in their fields and possess a clear vision for their startups. The firm is particularly interested in technology that addresses pressing global challenges, aligning its investments with sustainable and impactful outcomes.

Eureka! Venture SGR has built a diverse portfolio of innovative companies across various sectors. Notable portfolio companies include:

• ALTERECO PULP: A sustainable packaging startup utilizing cellulose fiber molding, invested through Eureka! Fund I.
• ASTRADYNE: An energy-storage company employing phase-change and thermochemical materials, also invested through Eureka! Fund I.
• SPOKI: A tech company focused on digital solutions, invested through BlackSheep Fund.
• KLEECKS: A startup providing advanced technology solutions, invested through BlackSheep Fund.
• RE4REAL: A company specializing in sustainable practices, invested through Eureka! Fund I.
• BENEWTRAL: A green building materials company, invested through Eureka! Fund I.
• ACTIVE LABEL: A provider of tech-driven label solutions, invested through Eureka! Fund I.
• 3DNEXTECH: An advanced 3D technology firm, invested through Eureka! Fund I.
• QAPLA': A logistics and supply chain technology company, invested through BlackSheep Fund.

This portfolio reflects Eureka! Venture SGR's commitment to supporting startups that are at the forefront of technological innovation and sustainability.

Enrica Acuto Jacobacci - Independent Chairwoman. She brings extensive experience in governance and strategic oversight, contributing to the firm's direction and decision-making processes.

Stefano Peroncini - CEO. He leads the firm’s investment strategy and operations, with a focus on technology transfer and deep tech investments.

Anna Amati - Director of Institutional Relations. She is responsible for building relationships with key stakeholders and enhancing the firm's visibility in the venture capital ecosystem.

Luigi Capello - Director. He plays a crucial role in investment decisions and portfolio management, leveraging his background in technology and innovation.

Filippo Berneri - Director. He contributes to the firm's investment strategy and supports portfolio companies in their growth journeys.

Giovanni Crostarosa - Chairman of the Board of Statutory Auditors. He oversees compliance and governance matters within the firm.

Stefania Mancino - Statutory Auditor. She provides oversight on financial reporting and compliance issues.

Simone Zucchetti - Statutory Auditor. He assists in ensuring the firm's adherence to regulatory standards.

Myriam Amato - Substitute Statutory Auditor. She supports the statutory auditors in their duties.

Mirco Marconi - Substitute Statutory Auditor. He provides additional oversight and support in compliance matters.

Prosperino Brandi - Risk. He focuses on risk management and assessment within the firm.

Maffioli Gianmarco - Compliance. He ensures that the firm adheres to all regulatory requirements.

Matteo Mura - Head of Finance & Administration. He manages the firm's financial operations and administrative functions.

Geraldine Macatangay - Executive Assistant. She supports the executive team in various administrative capacities.

To pitch Eureka! Venture SGR, founders should use the online submission form available at this link. The firm prefers detailed decks that clearly outline the technology, market opportunity, and team qualifications. While there is no specific application deadline, submissions are reviewed on a rolling basis.

Founders can expect a response as soon as possible, but timelines may vary based on the volume of submissions. Warm introductions are not required but can be beneficial in establishing credibility.

Eureka! Venture SGR manages several funds that cater to different investment strategies:

• Eureka! Fund I: This fund focuses on technology transfer, investing in proof of concept, seed, and early-stage deals.
• BlackSheep Fund: A late-stage venture capital fund that invests in MadTech, targeting growth investments in digital technologies.
• ETA Fund: This fund is focused on entrepreneurship through acquisition, investing in search funds.

Each fund is designed to support innovative startups and spinoffs, particularly those emerging from academic institutions.

In 2026, Eureka! Venture SGR announced a significant investment in BeNewtral, a green building materials company, participating in a €7 million funding round alongside CDP Venture Capital. This investment highlights the firm's commitment to sustainability and innovation in construction materials.

In April 2023, the firm invested €1.4 million in ASTRADYNE, an energy-storage company, as part of its strategy to support early-stage companies in the energy sector.

In July 2025, Eureka! Venture SGR made a notable investment of €3.5 million in ALTERECO PULP, focusing on sustainable packaging solutions. This investment was made in collaboration with CDP Venture Capital and other partners.