In Italy, Q1-25 saw the highest number of Series A rounds in a single quarter since Q4-22, accounting for 49% of the total amount invested during the period.
During the same time, 3 new funds have been launched in Italy in 2025, with a total funding of €145 million to date. This follows the €1.4 billion raised in 15 new funds in Italy in 2024.
These were some of the findings from the Q1-25 VC report, developed by Growth Capital in collaboration with Italian Tech Alliance.
Founding Partner of Growth Capital, Fabio Mondini de Focatiis explains: “ In Italy, the first quarter of 2025 confirmed the solidity of the VC ecosystem, with €270 million invested entirely in rounds of less than €25 million and constant growth in the early-stage segment, in contrast to the European trend. The good results of the Series A rounds demonstrate how the work built in the last three years is generating returns in terms of growth and solidity of the system. ”
Quick numbers on Q1-25 in Italy:
- Amount invested: €270 million
- Number of rounds: 88
- Exits: 7
Quick numbers on Q1-25 in Europe:
- Amount invested: €17 billion
- Number of rounds: 2,433
- Exits: 207
