Indaco Venture Partners

Quick read

Indaco Venture Partners, a multi-stage VC firm, was founded in 2016 and is headquartered in Milan, Italy. It's the largest independent Italian venture capital asset management company, managing over €350 million across six funds. The firm backs growth-stage companies with proprietary technology in electronics, robotics, medtech, biotech, and digital sectors — primarily Italian but also selectively investing across Europe, the US, Canada, and Israel.

Key facts

Founded

July 2016

Founders

Davide Turco, Elizabeth Robinson, Antonella (Investment Director)

Employees

19

Sectors

hardware, healthcare, enterprise, ai

Website

www.indacosgr.com

Investment thesis

Indaco backs growth-stage companies whose competitive advantage comes from proprietary technology in electronics, robotics, medtech, biotech-pharma, and digital sectors. Primary focus is Italian companies, with selective investments across Europe, the US, Canada, and Israel; anchor LPs include Intesa Sanpaolo, Fondazione Cariplo, and Fondo Italiano d'Investimento.

Recent activity

• Feb 2026investment
  Led or co-led an investment in Newcleo, a fourth-generation nuclear reactor company, marking Indaco's latest deal as of early 2026. pitchbook.com
• Jan 2026press
  Co-founder and Managing Director Davide Turco — also President of Italian Tech Alliance — spoke at the EY Venture Capital Talk 2026 in Milan, addressing new trajectories for VC in Italy. linkedin.com
• Mar 2025investment
  Co-led a €13 million investment round in Valo Therapeutics alongside CDP Venture Capital SGR and Fondazione ENEA Tech e Biomedical, supporting the Finnish cancer immunotherapy company's clinical development and new Italian operations in Naples. cbinsights.com
• Feb 2025investment
  Participated in Newronika's €13.6 million Series B financing to advance its adaptive deep brain stimulation platform for Parkinson's disease patients. tracxn.com
• Jan 2025investment
  Invested in EasyRain, an automotive safety system developer, via its IndiGo Ventures vehicle. tracxn.com
• Oct 2024investment
  Made the first two investments from Indaco Fund Ventures I – Parallel Lombardia, a fund specifically focused on medtech. tracxn.com
• Sep 2024investment
  Participated in D-Orbit's two-part €150 million Series C round via TTVenture Fund, alongside CDP Venture Capital, Seraphim Space, United Ventures, NEVA SGR, and Primo Ventures. uk.linkedin.com

Notable investments

• NewcleoGrowthFeb 2026pitchbook.com
• Valo TherapeuticsGrowthMar 2025cbinsights.com
• NewronikaSeries BFeb 2025tracxn.com
• EasyRainVentureJan 2025tracxn.com
• D-OrbitSeries CSep 2024uk.linkedin.com
• GenespireGrowthSep 2024tracxn.com
• InnovHeartSeries B2023zoominfo.com
• MainStreamingVenture2023pitchbook.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Davide Turco · Co-founder & Managing Director
  LinkedIn
• Elizabeth Robinson · Co-founder & Vice Chairman
  LinkedIn
• Antonella · Co-founder, Board Member & Investment Director
• Giovanni Rizzo · Partner, Indaco BIO Fund
• Goncalo Rebelo De Andrade · Partner, Indaco BIO Fund
• Adriana Piccitto · Investment Manager
  LinkedIn
• Andrea Della Mattea · Partner

Sources

• Indaco Venture Partners SGR – Official Website
• Indaco Venture Partners | LinkedIn
• Indaco Venture Partners investment portfolio | PitchBook
• Indaco – Tracxn Investor Profile
• Indaco Venture Partners | CB Insights
• Indaco Venture Partners SGR | EuroQuity
• Indaco Venture Partners: The Early Stage Founder's Guide

Other VCs in Italy

• P101 Ventures · Multi-stage VC, Milan·
• United Ventures · Multi-stage VC, Milan·
• Primo Capital · Multi-stage VC, Milan·
• Vento Ventures · Seed VC by Bending Spoons, Milan·
• LIFTT · Deep-tech VC, Turin

Explore VCs by sector

• Enterprise software in Italy
• Hardware in Italy

Globally

• Enterprise software worldwide
• Hardware worldwide

Frequently asked