# Growth investors in Italy (2026 list)

> 34 growth investors in Italy, 97% active in the last 12 months. Led by Goldman Sachs, Balderton Capital, Fidelity. Ranked by what they funded.

Source: https://millionrounds.com/lists/growth-investors-in-italy (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Growth investors in Italy

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a company in Italy in the last two years, wherever the firm is based.

[See all 34 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-investors-in-italy)The top 25

**34** investors on the list No change this week

**538** cheques in 12 months *+10%* against the market

**$44M** median round they joined *+445%* against the market median

**97%** wrote a cheque in 12 months

**68%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 2026** last seen
- 2 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen
- 3 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen
- 4 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen
- 5 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen
- 6 [CDP Venture Capital](https://millionrounds.com/fund/cdp-venture-capital) *Deploying now* VC firm · Italy **227** **$3.9M** median round **Oct 2026** last seen
- 7 [Lakestar](https://millionrounds.com/fund/lakestar) *Deploying now* VC firm · Switzerland **168** **$18M** median round **Oct 2026** last seen
- 8 [HV Capital](https://millionrounds.com/fund/hv-capital) *Deploying now* VC firm · Germany **166** **$20M** median round **Oct 2026** last seen
- 9 [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) *Deploying now* Private equity · United States **136** **$400M** median round **Nov 2026** last seen
- 10 [Supernova Invest](https://millionrounds.com/fund/supernova-invest) *Deploying now* VC firm · France **76** **$16M** median round **Sept 2026** last seen
- 11 [Horizon 2020](https://millionrounds.com/fund/horizon-2020) *Deploying now* VC firm **76** **$2.7M** median round **Aug 2026** last seen
- 12 [P101 Ventures](https://millionrounds.com/fund/p101) *Deploying now* VC firm · Italy **69** **$7.2M** median round **Oct 2026** last seen
- 13 [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) *Deploying now* Asset manager · United Kingdom **61** **$260M** median round **Oct 2026** last seen
- 14 [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) *Deploying now* VC firm · United States **60** **$75M** median round **Oct 2026** last seen
- 15 [Nina Capital](https://millionrounds.com/fund/nina-capital) *Deploying now* VC firm · Spain **53** **$2.4M** median round **Sept 2026** last seen
- 16 [Blue Cloud Ventures](https://millionrounds.com/fund/blue-cloud-ventures) *Deploying now* VC firm · United States **35** **$42M** median round **Sept 2026** last seen
- 17 [Sofina](https://millionrounds.com/fund/sofina) *Deploying now* Family office · Belgium **21** **$82M** median round **Sept 2026** last seen
- 18 [Cox Enterprises](https://millionrounds.com/fund/cox-enterprises) *Deploying now* VC firm · United States **15** **$66M** median round **Apr 2026** last seen
- 19 [Durable Capital Partners Lp](https://millionrounds.com/fund/durable-capital-partners) *Deploying now* Private equity · United States **13** **$300M** median round **Oct 2026** last seen
- 20 [P101 SGR](https://millionrounds.com/fund/p101-sgr) *Deploying now* VC firm · Italy **7** **$6.5M** median round **Oct 2026** last seen
- 21 [Foxhaven](https://millionrounds.com/fund/foxhaven-asset-management) *Deploying now* VC firm · United States **6** **$80M** median round **Feb 2026** last seen
- 22 [Intrepid Growth Partners](https://millionrounds.com/fund/intrepid-growth-partners) *Deploying now* VC firm · Canada **5** **$235M** median round **Sept 2026** last seen
- 23 [Jolt Capital](https://millionrounds.com/fund/jolt-capital) *Deploying now* Private equity · France **4** **$11M** median round **Oct 2026** last seen
- 24 [KfW Capital](https://millionrounds.com/fund/kfw-capital) *Deploying now* Fund of funds · Germany **4** **$291M** median round **Sept 2026** last seen
- 25 [T Capital](https://millionrounds.com/fund/t-capital-2) *Deploying now* VC firm · Germany **4** **$330M** median round **Nov 2026** last seen

**9 more on this list**

All 34 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-investors-in-italy)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Fidelity](https://millionrounds.com/fund/fidelity)
- **3** Nov **[Tandem Health](https://millionrounds.com/company/tandem-health)** Series B *With* [T Capital](https://millionrounds.com/fund/t-capital-2)
- **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)
- **3** Nov **[fal](https://millionrounds.com/company/fal)** $1.3B *With* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *Led by* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)

## Stages This Year

464 rounds

- Debt **16%**
- Series A **13%**
- Venture **12%**
- Seed **11%**
- Other **10%**
- Other **39%**

## What They Backed

Sectors, last 12 months

- AI **163**
- Fintech **46**
- Biotech **33**
- Healthcare **28**
- Financial Services **27**
- Energy **24**

## Cheques by Quarter

Led Joined

133 Q1 25

113 Q2 25

138 Q3 25

165 Q4 25

164 Q1 26

137 Q2 26

120 Q3 26

42 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states)
- [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states)
- [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states)
- [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states)
- [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states)
- [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom)
- [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states)
- [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states)
- [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth investors in Italy

### Who are the most active growth investors in Italy?

By cheques observed, the most active are Goldman Sachs, Balderton Capital, Fidelity, Headline and European Investment Bank.

### How many growth investors in Italy are there?

34 are on record. 97% made an investment in the last 12 months and 68% have led a round.

### Which stages do growth investors in Italy back?

Of the rounds with a named stage in the last 12 months, mostly Debt (22%) and Series A (17%).

### How big are the rounds growth investors in Italy join?

The typical (median) round among the leading investors here is $42M.

### Which sectors do growth investors in Italy back most?

In the last 12 months, mostly AI, Fintech and Biotech.

### Which growth investors in Italy lead the most rounds?

Headline (24 led), Goldman Sachs (22 led) and Balderton Capital (22 led).

### Where are growth investors in Italy based?

Among the most active, most are based in the United States (9), Italy (3) and Germany (3).

### What have growth investors in Italy invested in recently?

Recent rounds include Harbinger (Series D+, Nov 2026, with Fidelity), Zipline (Growth, Nov 2026, with Fidelity) and Tandem Health (Series B, Nov 2026, with T Capital).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)