H14
Also known as H14 S.p.A., H14 spa
Milan family office of Barbara, Eleonora and Luigi Berlusconi; qualified Fininvest shareholder; invests in venture and growth companies, PE funds, hedge funds and capital markets.
USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors
Family office of Barbara, Eleonora and Luigi Berlusconi (Milan); a qualified shareholder of Fininvest, but a separate company from it.
Family & background
- FAMILY
- Berlusconi
- HEADQUARTERS
- Milan, Italy
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- EuropeNorth America
- STAGES
- Series BGrowth
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Direct investmentsVenture capitalPrivate equityHedge fundsPublic equities
Overview
H14 S.p.A. describes itself as an Italian family office headquartered in Milan and a qualified shareholder of Fininvest. It invests across direct venture and growth investments, private equity funds, hedge funds and capital markets, mainly in North America and Europe. The press describes it as the holding of Barbara, Eleonora and Luigi Berlusconi. It led WeRoad's €18M Series B (2023) and took part in its 2026 Series C, and in December 2024 entered the capital of Nextalia SGR through a capital increase.
Holdings & investments (3)
- WeRoadNOTABLEConsumer & E-commerce · since 2023
- FininvestNOTABLEMedia & Entertainment
- Nextalia SGRsince 2024
People
- Fiammetta RocciaHead of Permanent Capital · source
Frequently asked questions
H14 is a single family office based in Milan, Italy.
H14 invests on behalf of the Berlusconi family.
H14 invests directly and through funds. Capital origin: one family's own capital. Stated strategies include direct investments, venture capital, private equity, hedge funds and public equities.
H14 invests at Series B and Growth stages in Consumer & E-commerce and Media & Entertainment.
Key people at H14 include Fiammetta Roccia (Head of Permanent Capital).
H14's disclosed holdings and investments include WeRoad, Fininvest and Nextalia SGR.
The most recent publicly reported investment by H14 is WeRoad (Series C (US$58M, led by Airbnb; H14 among existing investors)), announced in May 2026.
No. H14 invests its own capital and does not raise money from outside investors.