SFIRS
Wholly owned in-house finanziaria of Regione Autonoma della Sardegna
Also known as SFIRS S.p.A., Società Finanziaria Regione Sardegna, Società Finanziaria della Regione Sardegna, Società Finanziaria Industriale Rinascita Sardegna
Sardinia Region’s wholly owned financial intermediary (art. 106 TUB) managing about €500M of regional funds, incl. a venture capital co-investment fund and an equity/participative-loan programme.
- HEADQUARTERS
- Cagliari, Italy
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
- SeedSeries AGrowth
- SECTORS
- —
- ASSET MIX
- Direct investmentsVenture capitalPrivate credit
- GEOGRAPHY
- Italy
Overview
SFIRS (Società Finanziaria Regione Sardegna) is a financial intermediary registered under art. 106 of the Italian Banking Act whose share capital is 100% held by the Autonomous Region of Sardinia. It manages regional funds for businesses, mainly loans, minibonds, guarantees and fintech instruments. Its Fondo di Capitale di Rischio (set up by regional resolution 46/14 of 2015) co-invests with private investors in Sardinian startups and SMEs, taking up to 49% of a company’s capital for about five years; a separate €25M programme (FIPI) offers share subscriptions, share leasing and participative loans.
Investment thesis
Co-investment with private investors in innovative Sardinian startups and SMEs, up to 49% of the capital, €150k–€2M per company, holding period of about five years; priority to emerging sectors such as AI, biotech and renewable energy.
People
Links
Frequently asked questions
SFIRS is a government-backed fund based in Cagliari, Italy.
Yes. SFIRS invests its own capital in private companies.
SFIRS invests at Seed, Series A and Growth stages.
SFIRS's stated ticket size is €150K–€2M.
Key people at SFIRS include Riccardo Barbieri (Chairman) and Massimo Daniele Concas (General Manager).
No. SFIRS invests its own capital and does not raise money from outside investors.