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Angel NetworkPuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

Angels4Impact

Also known as A4I, Angels for Impact, Angels 4 Impact

Milan business angel association at Impact Hub Milano, formed in 2020 from Angels for Innovation and Impact Angels Italia; members back tech startups with an impact focus.

HEADQUARTERS
Milano, Italy
FOUNDED
2020
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
6 people

Focus

STAGES
Pre-SeedSeed
SECTORS
Software & SaaSDeep Tech
ASSET MIX
Venture capitalImpact
GEOGRAPHY
Italy

Overview

Angels4Impact (A4I) is a Milan business angel group formed in 2020 from the merger of Angels for Innovation (a Milan angel association founded in 2015) and Impact Angels Italia (set up in 2017 within Impact Hub Milano). Its members invest in startups with strong innovative and technological content and a focus on impact. Its site, archived in 2026, reports 100+ business angels, 40+ portfolio startups and more than €4.5M invested by members, with two exits — the same startup and amount figures it gave at its 2020 launch. Impact Hub Milano provides its premises and scouting and screening services.

Investment thesis

Early-stage startups with strong innovative and technological content and a significant focus on impact.

PORTFOLIO (3)

  • Lokky
    Fintech · since 2020
  • Checkout Technologies
    Exited
  • Wash Out
    Exited

People

  • Marco Nannini
    President (per EconomyUp 2020); board and screening committee member · source
  • Anna Tiberi
    Board member; President of the scientific committee · source
  • Alberto Adorini
    Board and screening committee member · source
  • Alessandro Tanno
    Board member · source
  • Stefano Marsilii
    Board member · source
  • Salvatore Sava
    Investments Manager · source

Links

Frequently asked questions

Angels4Impact is a angel network based in Milano, Italy, founded in 2020.

Yes. Angels4Impact invests its own capital in private companies.

Angels4Impact invests at Pre-Seed and Seed stages in Software & SaaS and Deep Tech.

Key people at Angels4Impact include Marco Nannini (President (per EconomyUp 2020); board and screening committee member), Anna Tiberi (Board member; President of the scientific committee), Alberto Adorini (Board and screening committee member) and Alessandro Tanno (Board member).

Angels4Impact's investments include Lokky, Checkout Technologies and Wash Out.

The most recent publicly reported investment by Angels4Impact is Lokky (€1M round subscribed by A4I angels and private investors), announced in Oct 2020.

Angels4Impact states that it accepts submissions.

No. Angels4Impact invests its own capital and does not raise money from outside investors.