# Investors based in Milano (2026 list) > 46 investors based in Milano, 7% active in the last 12 months. Led by UniCredit, IAG, Telecom Italia. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-milano (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Milano Updated 7 November 2026 Firms with an address in Milano. A head office is a fact about the firm; where it invests is on its own page. [See all 46 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-milano)The top 25 **46** investors on the list No change this week **18** cheques in 12 months Too few cheques to tell **$13M** median round they joined *+63%* against the market median **7%** wrote a cheque in 12 months **0%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (3) - 1 [UniCredit](https://millionrounds.com/fund/unicredit) *Deploying now* VC firm · Italy **55** **$16M** median round **Sept 2026** last seen - 2 [IAG](https://millionrounds.com/fund/iag) *Deploying now* Angel network · Italy **10** **$100M** median round **Sept 2026** last seen - 3 [Telecom Italia](https://millionrounds.com/fund/telecom-italia) quiet Corporate VC · Italy **7** **$33K** median round **Jun 2015** last seen - 4 [Siamosoci](https://millionrounds.com/fund/siamosoci) quiet VC firm · Italy **5** **$240K** median round **Sept 2013** last seen - 5 [Sorin Group](https://millionrounds.com/fund/sorin-group) quiet Corporate VC · Italy **2** **$14M** median round **Oct 2014** last seen - 6 [Eureka Venture](https://millionrounds.com/fund/eureka-venture) *Deploying now* VC firm · Italy **1** **-** median round **Nov 2026** last seen - 7 [Fininvest](https://millionrounds.com/fund/fininvest) quiet Private equity · Italy **1** **$13M** median round **Apr 2004** last seen - 8 [Pirelli](https://millionrounds.com/fund/pirelli) quiet Corporate VC · Italy **1** **$12M** median round **Jun 2001** last seen - 9 [TechEnergy Ventures](https://millionrounds.com/fund/techenergy-ventures) quiet Corporate VC · Italy **1** **$27M** median round **Jul 2025** last seen - 10 [UVET - American Express Travel](https://millionrounds.com/fund/uvet-american-express-travel) quiet VC firm · Italy **1** **$4.4M** median round **Mar 2012** last seen - 11 [ALIcrowd](https://millionrounds.com/fund/alicrowd) unknown VC firm · Italy **none observed** **-** median round **-** last seen - 12 [Aedes SiiQ](https://millionrounds.com/fund/aedes-siiq) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 13 [Annapurna](https://millionrounds.com/fund/annapurna) unknown VC firm · Italy **none observed** **-** median round **-** last seen - 14 [Axentra Capital](https://millionrounds.com/fund/axentra-capital) unknown Venture studio · Italy **none observed** **-** median round **-** last seen - 15 [Banca Generali](https://millionrounds.com/fund/banca-generali) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 16 [Big Tower Group](https://millionrounds.com/fund/big-tower-group) unknown Private equity · Italy **none observed** **-** median round **-** last seen - 17 [Campus Party](https://millionrounds.com/fund/campus-party) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 18 [Concrete Investing](https://millionrounds.com/fund/concrete-investing) unknown Investment firm **none observed** **-** median round **-** last seen - 19 [Emisys Capital](https://millionrounds.com/fund/emisys-capital) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 20 [Eurizon Asset Management](https://millionrounds.com/fund/eurizon-asset-management) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 21 [Euromobiliare](https://millionrounds.com/fund/euromobiliare) unknown Investment firm · Italy **none observed** **-** median round **-** last seen - 22 [Fastweb](https://millionrounds.com/fund/fastweb) unknown Corporate VC · Italy **none observed** **-** median round **-** last seen - 23 [First Capital](https://millionrounds.com/fund/first-capital-2) unknown Angel · Italy **none observed** **-** median round **-** last seen - 24 [First Principles SRL](https://millionrounds.com/fund/first-principles-srl) unknown Venture studio · Italy **none observed** **-** median round **-** last seen - 25 [FocusFuturo](https://millionrounds.com/fund/focusfuturo) unknown VC firm · Italy **none observed** **-** median round **-** last seen **21 more on this list** All 46 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%2Finvestors-based-in-milano) ## The Newest Cheques Rounds this list's investors joined most recently - **3** Nov **[Active Label](https://millionrounds.com/company/active-label)** Other *With* [Eureka Venture](https://millionrounds.com/fund/eureka-venture) - **17** Sept **[Arcee AI](https://millionrounds.com/company/arcee-ai)** Series B · $150M *With* [IAG](https://millionrounds.com/fund/iag) - **15** Sept **[Delos Data](https://millionrounds.com/company/delos-data)** Series A · $100M *With* [IAG](https://millionrounds.com/fund/iag) - **1** Sept **[TENSIVE](https://millionrounds.com/company/tensive)** Debt · $23M *With* [UniCredit](https://millionrounds.com/fund/unicredit) - **1** Jun **[R.Power Renewables](https://millionrounds.com/company/r-power-renewables)** Debt · $47M *With* [UniCredit](https://millionrounds.com/fund/unicredit) - **1** Jun **[Matrix Renewables](https://millionrounds.com/company/matrix-renewables)** Debt · $970M *With* [UniCredit](https://millionrounds.com/fund/unicredit) ## Stages This Year 18 rounds - Debt **61%** - Venture **17%** - Grant **6%** - Other **6%** - Series A **6%** - Other **6%** ## What They Backed Sectors, last 12 months - Energy **4** - Climate Tech **3** - Asset Management **2** - AI **2** - Cloud **2** - Chemicals & Materials **1** ## Cheques by Quarter Led Joined 4 Q1 25 4 Q2 25 8 Q3 25 4 Q4 25 4 Q1 26 8 Q2 26 3 Q3 26 1 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Milano ### Who are the most active investors based in Milano? By cheques observed, the most active are UniCredit, IAG, Telecom Italia, Siamosoci and Sorin Group. ### How many investors based in Milano are there? 46 are on record. 7% made an investment in the last 12 months. ### Which stages do investors based in Milano back? Of the rounds with a named stage in the last 12 months, mostly Debt (79%) and Grant (7%). ### How big are the rounds investors based in Milano join? The typical (median) round among the leading investors here is $13M. ### Which sectors do investors based in Milano back most? In the last 12 months, mostly Energy, Climate Tech and Asset Management. ### What have investors based in Milano invested in recently? Recent rounds include Active Label (Other, Nov 2026, with Eureka Venture), Arcee AI (Series B, Sept 2026, with IAG) and Delos Data (Series A, Sept 2026, with IAG). ### How is this list of investors based in Milano ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. ### Can I see all 46 investors based in Milano? The top 25 are here. All 46 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)