Family-anchored FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 4 SOURCES

Rancilio Cube

Also known as Rancilio Cube SICAF S.p.A., Rancilio Cube SICAF

Milan SICAF supervised by the Bank of Italy that invests in international VC funds and direct stakes; built from the Rancilio family portfolio, the family is its largest investor.

USEFUL FOR Fund managers raising capital · Founders · Business owners seeking a long-term partner · Co-investors

Rancilio family venture platform (Milan), now a Bank of Italy-supervised SICAF. Not related to Cube Labs (Italian venture builder).

Family & background

FAMILY: Rancilio
HEADQUARTERS: Milan, Italy
OUTSIDE CAPITAL: Yes — also manages others' money

Investment approach

SECTORS: Artificial Intelligence Fintech Biotech & Life Sciences HealthTech Deep Tech Climate & Energy Mobility & Logistics Space
GEOGRAPHY: North AmericaEuropeIsrael
STAGES: SeedSeries ASeries BGrowth
ROUTES: Companies (own capital) · Funds (as LP)
STRATEGIES: Funds (as LP)Venture capitalDirect investments

Overview

Rancilio Cube SICAF S.p.A. is a closed-end, self-managed alternative investment fund reserved for professional investors and supervised by the Bank of Italy. It describes itself as the evolution of the international venture portfolio built over the years by the Rancilio family, which remains the platform's largest single investor and invests under the same terms as other investors. It reports commitments to about 80 funds from 60 VC firms in the US, Europe and Israel and about 80 direct investments, across two portfolios (2022 and 2025 vintages).

Investment thesis

Give Italian professional investors one-ticket access to top-tier and emerging international VC managers (US, Europe, Israel) in AI, fintech, biotech and health, deep tech, climate and mobility/space.

Holdings & investments (65)

Andreessen HorowitzNOTABLE
(fund commitment)
2048 Ventures
(fund commitment)
AdAstra Partners
(fund commitment)
Akkadian
(fund commitment)
Align Ventures
(fund commitment)
Apollo
(fund commitment)
Apollo Health Ventures
(fund commitment)
Aqua Spark
(fund commitment)
Aspect Ventures
(fund commitment)
Bek Ventures
(fund commitment)
Bessemer
(fund commitment)
Better Tomorrow
(fund commitment)
Blue Horizon Ventures
(fund commitment)
Blue Lion Capital
(fund commitment)
Boost Heroes
(fund commitment)
Bragiel Brothers
(fund commitment)
Cambrian
(fund commitment)
Cavalry Ventures
(fund commitment)
Cherry Ventures
(fund commitment)
Drysdale Ventures
(fund commitment)
DST
(fund commitment)
Earlybird
(fund commitment)
F2 Invest
(fund commitment)
Fifth Years
(fund commitment)
FirstMark
(fund commitment)
Foreword
(fund commitment)
Foundation Capital
(fund commitment)
G Squared
(fund commitment)
Glilot Capital
(fund commitment)
Hertz Ventures
(fund commitment)
Hoxton Ventures
(fund commitment)
HV Capital
(fund commitment)
J Ventures
(fund commitment)
Jackson Square
(fund commitment)
Jibe
(fund commitment)
Juxtapose
(fund commitment)
KdT Ventures
(fund commitment)
Kearny Jackson
(fund commitment)
Khosla Ventures
(fund commitment)
Kindred Ventures
(fund commitment)
La Famiglia
(fund commitment)
Lakestar
(fund commitment)
NEA
(fund commitment)
Nebular
(fund commitment)
Northzone
(fund commitment)
Oltre Venture
(fund commitment)
Omega Funds
(fund commitment)
OWL Ventures
(fund commitment)
Oxford Sciences
(fund commitment)
Pelion
(fund commitment)
Picus Capital
(fund commitment)
Piton Capital
(fund commitment)
Sapphire Ventures
(fund commitment)
Seedcamp
(fund commitment)
Speedinvest
(fund commitment)
StartupGym
(fund commitment)
Sweetwood
(fund commitment)
Target Global
(fund commitment)
TCV
(fund commitment)
Tiny
(fund commitment)
Triodos Bank
(fund commitment)
Trust Ventures
(fund commitment)
Visionaries
(fund commitment)
Xplorer Capital
(fund commitment)
Zetta Ventures
(fund commitment)

People

Luca Rancilio
CEO and founder; Director; Investment Committee member · source
Massimo Ruffoni
Chief Investment Officer; Investment Committee member · source
Guzel Gumerova
Investment Committee member (ex-Speedinvest) · source
Andrea Gennarini
Investment Committee member (ex-BCG, 2100 Ventures) · source
Eugenio Minero
Investment Committee member (ex-KPMG, BearingPoint) · source
Diego Dainesi
Chief Financial Officer · source
Lorenzo Zabban
COO & CGO · source
Andrea Conso
Chairman of the Board · source
Paola Bonfranceschi
Director · source
Francesco Dell'Elmo
Director · source
Sara Kraus
Director · source
Stefania Trezzini
Statutory Auditor · source
Laura Puddu
Statutory Auditor · source
Marco Reggiori
Statutory Auditor · source

Frequently asked questions

Rancilio Cube is a family-anchored fund based in Milan, Italy.

Rancilio Cube invests on behalf of the Rancilio family.

Rancilio Cube invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes funds (as lp), venture capital and direct investments.

Rancilio Cube invests at Seed, Series A, Series B and Growth stages in Artificial Intelligence, Fintech, Biotech & Life Sciences, HealthTech, Deep Tech, Climate & Energy, Mobility & Logistics and Space.

Key people at Rancilio Cube include Luca Rancilio (CEO and founder; Director; Investment Committee member), Massimo Ruffoni (Chief Investment Officer; Investment Committee member), Diego Dainesi (Chief Financial Officer) and Lorenzo Zabban (COO & CGO).

Rancilio Cube's holdings and investments include Andreessen Horowitz, 2048 Ventures, AdAstra Partners, Akkadian, Align Ventures, Apollo, Apollo Health Ventures and Aqua Spark, among others.

Yes. Rancilio Cube manages capital from outside investors.