Multi-stage VC, Milan

Primo Capital

Venture capital firm · Milan · Founded 2015

Quick read

Primo Capital (formerly Primo Ventures) is a Milan-based venture capital firm investing in seed and early-stage technology startups in Italy. It runs dedicated funds across digital and space sectors, with a stated focus on B2B/Enterprise SaaS, cybersecurity, fintech, and digital retail. Its latest recorded investment was in RARA Factory in January 2026.

Key facts

Founded
2015
Sectors
generalist, saas, fintech, security
Website
primo.capital

Investment thesis

Primo Capital backs seed and early-stage startups in Italy, concentrating on digital (B2B/Enterprise SaaS, cybersecurity, fintech, digital retail) and space sectors through dedicated fund vehicles.

Recent activity

  • Jul 2026fundraise
    Primo Capital launched Primo Space 2, a new fund targeting space and dual-use technologies — the first second-generation fund of its kind in the EU. The predecessor fund's 19 portfolio companies raised over €470 million in total, roughly eight times the capital invested. primo.capital
  • Jul 2026fundraise
    Dolomiti Energia took a stake in Primo Climate, Primo Capital's fund focused on energy-transition and decarbonisation start-ups. The fund's existing investors include CDP Venture Capital and Fon.TE. startupbusiness.it
  • Jul 2026leadership
    Francesca Rainoldi was appointed Partner of Primo Space 2, stepping up from her scouting role at Primo Capital. it.linkedin.com
  • Nov 2025investment
    Primo Capital had made 6 new investments in the prior 12 months, bringing its active portfolio to 12 companies. Its most recent disclosed deal was participation in a Series A round for U-Space. tracxn.com
  • Jun 2026investment
    Primo Capital's most recent recorded investment was made on 17 Jun 2026 in WISE, a therapeutic devices company. pitchbook.com
  • May 2026press
    Primo Capital published a new press release tagged under the Digital sector, dated 20 May 2026, on its news page. primo.capital
  • Mar 2026press
    Primo Capital's website flagged a recent activity update dated 16 Mar 2026, referencing portfolio and sector developments. primo.capital
  • 2026press
    Primo Capital SGR President Gianluca Dettori participated in a high-level event alongside Kenyan President Ruto, Italian Minister Adolfo Urso, UNDP AI Hub leadership, CDP Venture Capital CEO Emanuele Levi, and representatives of the African Development Bank and EBRD. linkedin.com
  • 2026investment
    Primo Capital SGR completed its first exit of the year, selling its majority stake in Lambda to Röko AB, a perpetual owner of European SMEs. Röko acquired 85%; Lambda's management team retained the remaining 15%. linkedin.com
  • 2026investment
    Primo Capital has reached 126 total investments and 31 exits recorded on PitchBook, with notable portfolio companies including Quantum Bridge and Mirai Robotics alongside WISE. pitchbook.com
  • Nov 2024press
    Primo Ventures officially rebranded as Primo Capital SGR S.p.A., signaling a broader platform strategy spanning digital, space, healthcare, and climatetech. vcwire.tech
  • Nov 2024fundraise
    Primo Capital launched Primo Health, a private equity fund targeting healthcare SMEs, with a first closing at €64m in October 2024. General Partner Emiliano Tonelli leads the fund, which focuses on Growth Capital deals with family-owned businesses. vcwire.tech

Notable investments

Key people

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

  • Giusy Cannone · Investor
  • Gianluca Dettori · Founder & Managing Partner
  • Riccardo D'Antonio · Partner

Sources

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Frequently asked

What is Primo Capital?+

Primo Capital (formerly Primo Ventures) is a Milan-based venture capital firm investing in seed and early-stage technology startups in Italy. It runs dedicated funds across digital and space sectors, with a stated focus on B2B/Enterprise SaaS, cybersecurity, fintech, and digital retail.

Where is Primo Capital headquartered?+

Primo Capital is headquartered in Milan, Italy.

When was Primo Capital founded?+

Primo Capital was founded in 2015.

What sectors does Primo Capital invest in?+

Primo Capital focuses on generalist, saas, fintech, security. They primarily invest in these sectors.

How do I prepare for a meeting with Primo Capital?+

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Generated by briefthecall.com from public web sources. Last updated August 8, 2026. Each claim is linked to its source above.

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