Primo Capital ( Milano ) Fund II

Primo Capital ( Milano )

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Status

ACTIVE

Global HQ

Milan, Italy

Countries of investment

Italy
Spain
France
Germany
United Kingdom
Netherlands
Switzerland
Israel
United States

Investment stages

Seed
Series A
Series B

Industries

Fintech
Deep Tech
AI
Cybersecurity
HealthTech
Mobility
Enterprise Software
SaaS
IoT
Robotics

About
Primo Capital is a Milan-based venture capital firm focused on backing Italian and Southern European tech founders. Their focus spans fintech, deep tech, AI, cybersecurity, healthtech, mobility, and enterprise software across Italy, Spain, France, Germany, United Kingdom, Netherlands, Switzerland, Israel, and the United States. The firm supports tech founders from seed through Series B stages.

Min check size: $1M
Max check size: $6.5M
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Investment Thesis

Primo Capital is a seed to Series B stage venture capital firm deploying capital across fintech, deep tech, AI, cybersecurity, healthtech, mobility, and enterprise software sectors. They invest €500K to €10M in Italian and Southern European tech founders with strong growth potential. The firm differentiates itself through founding partners' banking and industrial backgrounds, ties to leading Italian institutions, and dual venture and growth capital strategies across €200M+ AUM.

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Manager's Experience

Founded in 2016 by Massimiliano D'Amico (Managing Partner) and Nicolo Petrone (Managing Partner). Investment team includes additional partners with backgrounds spanning private equity, investment banking, and technology operations. Team of 15+ investment professionals based in Milan with additional presence across Europe. Manages €200M+ AUM across multiple funds including Primo Ventures, Primo Space (dedicated space fund), Primo Climate, and Primo Digital. Portfolio includes Casavo, Tannico, Cortilia, Musixmatch, Fatmap, Habyt, Milkman, Musement, Opyn, and other Italian and Southern European tech companies. The firm has established itself as one of Italy's most active technology-focused VCs, backed by institutional investors, family offices, and strategic corporate LPs across Europe.