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Government-backed FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 13 SOURCES

Invitalia

National development agency wholly owned by Ministero dell’Economia e delle Finanze

Also known as Agenzia nazionale per lo sviluppo, Invitalia S.p.A.

Rome national development agency wholly owned by the Ministry of Economy and Finance; manages State equity funds (Fondo Salvaguardia Imprese, Cresci al Sud) and holds 30% of CDP Venture Capital.

HEADQUARTERS
Rome, Italy
FOUNDED
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AUM
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OUTSIDE CAPITAL
—
TEAM LISTED
2 people

Focus

STAGES
Growth
SECTORS
Industrial & ManufacturingMobility & LogisticsConsumer & E-commerceFood & AgricultureHealthTech
ASSET MIX
Direct investmentsPrivate equityFunds (as LP)
GEOGRAPHY
Italy

Investment arms & vehicles

  • Fondo Salvaguardia Imprese
    Minority equity and quasi-equity in companies in financial difficulty with a restructuring plan (up to €30M per deal); promoted by MIMIT, managed by Invitalia
  • Fondo Cresci al Sud
    Mainly minority stakes (€1–10M) in SMEs based in the eight southern regions
  • Fondo di partecipazione MUR
    Fund of funds of about €219M (Ministry of University and Research) investing through selected financial operators in the South
  • Invitalia Partecipazioni
    Group company seeking new financial resources to invest in strategic sectors
  • Mediocredito Centrale
    Controlled bank supporting SME access to credit
  • CDP Venture Capital SGR
    Invitalia holds 30% of the CDP group venture capital manager (former Invitalia Ventures)

Overview

Invitalia is Italy’s national development agency, wholly owned by the Ministry of Economy and Finance. Most of its work is managing national business incentives and acting as a central purchasing body, but it also runs public private-equity vehicles: the Fondo Salvaguardia Imprese, set up by decree-law 34/2020 with an initial €300M and later increased, takes minority stakes of up to €30M in companies in difficulty alongside private investors; the Fondo Cresci al Sud takes mainly minority stakes of €1–10M in southern SMEs; and the Fondo di partecipazione MUR, about €219M, invests through selected financial operators. It owns 30% of CDP Venture Capital SGR.

PORTFOLIO (17)

  • Mermec Ferrosud
    Mobility & Logistics · since 2024
  • Firema
    Mobility & Logistics · since 2024
  • Terme di Chianciano
    Consumer & E-commerce · since 2024
  • Frigomeccanica
    Industrial & Manufacturing
  • Tesi
  • Lirsa
  • Gruppo Contrader
  • RES
  • E-Globe
  • Edil San Felice
  • Xenia
  • Simone
  • Mare Engineering Group
  • Misitano & Stracuzzi
    Food & Agriculture
  • Tecno
  • Otofarma
    HealthTech
  • Markbass
    Consumer & E-commerce

People

  • Sergio Schisani
    Chairman · source
  • Bernardo Mattarella
    Chief Executive Officer · source

Links

Frequently asked questions

Invitalia is a government-backed fund based in Rome, Italy.

Yes. Invitalia invests its own capital in private companies.

Invitalia invests at Growth stage in Industrial & Manufacturing, Mobility & Logistics, Consumer & E-commerce, Food & Agriculture and HealthTech.

Invitalia's stated ticket size is €1M–€30M.

Key people at Invitalia include Sergio Schisani (Chairman) and Bernardo Mattarella (Chief Executive Officer).

Invitalia's investments include Mermec Ferrosud, Firema, Terme di Chianciano, Frigomeccanica, Tesi, Lirsa, Gruppo Contrader and RES, among others.

The most recent publicly reported investment by Invitalia is Mermec Ferrosud (€28M (€23M equity + €5M convertible bond) via Fondo Salvaguardia Imprese), announced in May 2024.

Invitalia states that it accepts submissions through its official contact page.