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
- Jun 2026investmentPrimo Capital's most recent recorded investment was made on 17 Jun 2026 in WISE, a therapeutic devices company. pitchbook.com
- May 2026pressPrimo Capital published a new press release tagged under the Digital sector, dated 20 May 2026, on its news page. primo.capital
- Mar 2026pressPrimo Capital's website flagged a recent activity update dated 16 Mar 2026, referencing portfolio and sector developments. primo.capital
- 2026pressPrimo 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
- 2026investmentPrimo 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
- 2026investmentPrimo 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 2024pressPrimo Ventures officially rebranded as Primo Capital SGR S.p.A., signaling a broader platform strategy spanning digital, space, healthcare, and climatetech. vcwire.tech
- Nov 2024fundraisePrimo 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
- Oct 2024fundraisePrimo Health reached its first closing at €64m and began operations, targeting Capital Increase and Buy Out structures in the European healthcare SME segment. vcwire.tech
- Jan 2026investmentMade an investment in RARA Factory, a commercial services company. pitchbook.com
Notable investments
- WISE (Therapeutic Devices)undisclosedJun 2026pitchbook.com
- Quantum BridgeSeries A2026pitchbook.com
- Mirai Roboticsundisclosedundisclosedpitchbook.com
- U-SpaceSeries Aundisclosedtracxn.com
- Eoliannundisclosedundisclosedtracxn.com
- DMATundisclosedundisclosedtracxn.com
- RARA FactoryJan 2026pitchbook.com
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
- Primo Capital (Milano) - PitchBook
- Primo Capital - Crunchbase
- Primo Ventures - OpenVC
- Primo Ventures - Parsers VC
- Primo Capital | Home
- Primo Capital Portfolio - CB Insights
- https://vcwire.tech/2024/11/06/primo-ventures-becomes-primo-capital-expands-into-private-equity-with-primo-health/
- https://vcwire.tech/2024/11/14/primo-health-interview-with-general-partner-emiliano-tonelli/
- https://www.primo.capital/press-releases
- https://www.primo.capital/
- https://www.linkedin.com/in/michele-d-albenzio94/
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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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