CDP Venture Capital SGR
Asset management company 70% owned by CDP Equity and 30% by Invitalia CDP Equity (Cassa Depositi e Prestiti group)
Also known as CDP Venture Capital, CDP VC, Fondo Nazionale Innovazione, CDP Venture Capital SGR S.p.A., Invitalia Ventures SGR
Rome venture capital SGR of the CDP group (70% CDP Equity, 30% Invitalia); €4.87bn under management at end-2025 in direct and fund-of-funds vehicles.
- HEADQUARTERS
- Rome, Italy
- FOUNDED
- —
- AUM
- €4.9B (2025)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 6 people
Focus
- STAGES
- Pre-SeedSeedSeries ASeries BGrowth
- SECTORS
- Artificial IntelligenceSoftware & SaaSFood & AgricultureSpaceHealthTechBiotech & Life SciencesClimate & EnergyIndustrial & ManufacturingMobility & LogisticsDeep Tech
- ASSET MIX
- Venture capitalFunds (as LP)Direct investments
- GEOGRAPHY
- Italy
Investment arms & vehicles
- National aerospace technology-transfer hub supported by CDP Venture Capital with Obloo
- National technology-transfer hub for environmental sustainability launched by CDP Venture Capital
- National technology-transfer hub for robotics launched by CDP Venture Capital with Pariter Partners (anchor investor and promoter)
Overview
CDP Venture Capital SGR is the former Invitalia Ventures SGR, in which Cassa Depositi e Prestiti bought 70% from Invitalia in 2019 under the 2019 Budget Law; CDP later transferred the stake to CDP Equity. It manages 15 funds investing directly in startups and SMEs from pre-seed to late stage and, through funds of funds, in 47 third-party venture funds. At the end of 2025 its assets under management were €4,871M after €562M of new subscriptions in the year, mostly from the Ministry of Enterprises and Made in Italy and CDP Equity. In 2025 it invested about €437M, of which about €288M through direct strategies.
Investment thesis
Startups and innovative SMEs in sectors it considers strategic for Italy: AI and cybersecurity, agrifoodtech, spacetech, healthcare and life sciences, cleantech, industrytech, infratech and mobility; plus building the Italian VC market through fund-of-funds commitments, accelerators and technology-transfer hubs.
PORTFOLIO (7)
- ISAACDeep Tech · since 2026
- Lumen II (Ulixes SGR / Lumen Ventures) — fund commitment, first closeFintech · since 2026
- Kurs Orbital (via Fondo PiemonteNext)Space
- Alba Robot (via Fondo PiemonteNext)Mobility & Logistics
- Kither Biotech (via Fondo PiemonteNext)Biotech & Life Sciences
- Reefilla (via Fondo PiemonteNext)Climate & Energy
- Mespac (via Fondo PiemonteNext)Space
People
Links
Frequently asked questions
CDP Venture Capital SGR is a government-backed fund based in Rome, Italy.
Yes. CDP Venture Capital SGR invests its own capital in private companies. It also commits capital to third-party funds as an LP.
CDP Venture Capital SGR invests at Pre-Seed, Seed, Series A, Series B and Growth stages in Artificial Intelligence, Software & SaaS, Food & Agriculture, Space, HealthTech, Biotech & Life Sciences, Climate & Energy, Industrial & Manufacturing, Mobility & Logistics and Deep Tech.
Key people at CDP Venture Capital SGR include Anna Lambiase (Chair), Emanuele Levi (Chief Executive Officer and General Manager), Cristina Bini (Director, Indirect Investments) and Alessandro Scortecci (Director, Direct Investments).
CDP Venture Capital SGR's investments include ISAAC, Lumen II (Ulixes SGR / Lumen Ventures) — fund commitment, first close, Kurs Orbital (via Fondo PiemonteNext), Alba Robot (via Fondo PiemonteNext), Kither Biotech (via Fondo PiemonteNext), Reefilla (via Fondo PiemonteNext) and Mespac (via Fondo PiemonteNext).
The most recent publicly reported investment by CDP Venture Capital SGR is ISAAC (€14M Series B (co-investor)), announced in Mar 2026.
CDP Venture Capital SGR states that it accepts submissions through its official contact page.
Yes. CDP Venture Capital SGR manages capital from outside investors.