We're building a large portfolio of the best global Italian founders. We launched our second fund in 2025 and deploying €75M over five years.
At least one Italian founder on the team
We invest at pre-seed or seed
Industry agnostic
We decide in a matter of days
We invest as fast followers
We invest globally
Standard check
The same check for every company, so founders know what to expect. Our investment team decides on these checks independently. This is what makes our speed possible.
Follow-on
We come back to the companies that start to prove they could be outliers. The Investment Committee steps in at one moment only, when the team decides a potential follow-on should be on the table.
WHAT DIFFERENCE CAN €150K MAKE IN A LARGE ROUND?
We don't offer only capital. We aim to be an early partner founders can build with as their company grows.
INVESTOR INTROS
We actively connect our companies to the best VCs.
Founder community
A network of people helping each other, no matter where they're based.
WAVE
A top notch and extensive network that includes enterprise contacts.
REEF
Hundreds of applications a year, and a talent pipeline few others can access.
Our thesis
Venture returns are not distributed evenly. A handful of companies generate most of the value, and about half of all investments return less than the capital put in. The best funds are not the ones that avoid failure: they are the ones holding at least one outlier.
At pre-seed the effect is even stronger. So we invest at volume, behind a strict filter: the more great founders we back in each vintage, the higher the odds that one of them returns the fund.
~7,000 VC investments, 1985 to 2014
Why volume matters
Probability that a portfolio returns at least 2x, by number of companies per vintage
Source: Power Laws in Venture Portfolio Construction, (Jerry Neumann, December 3, 2017 on Reactionwheel.net)
WHY THE ITALIAN ANGLE MATTERS?
An early-stage fund open to every sector and every country competes with thousands of others for the same deals. Focusing on Italian founders lets us see the whole landscape, back only the very best, and scout with method instead of waiting for deals to arrive.
"Italian" describes the founder, not the company: Milan, London, Berlin, San Francisco. And because our filter is the founder, we need no filter on sector or geography. Nobody can predict where the next outlier will come from.
Deals per vintage
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Where our founders build
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Portfolio by sector
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