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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 6 SOURCES

Futura SGR

Also known as Futura SGR S.p.A., Futura Società di Gestione del Risparmio S.p.A.

Independent Milan SGR authorised in 2024 managing Futura Growth, a growth capital fund (target €100M) investing in post-early-stage innovative Italian companies.

HEADQUARTERS
Milan, Italy
FOUNDED
2024
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
2 people

Focus

STAGES
Series BGrowth
SECTORS
FintechFood & AgricultureEducationMobility & LogisticsSoftware & SaaS
ASSET MIX
Private equityVenture capital
GEOGRAPHY
ItalyEurope

Overview

Futura SGR is an independent Milan management company founded by Gabriele Benedetto (chairman, former CEO of Telepass) and Fabio Luigi Gallucci (CEO). Its first fund, Futura Growth, invests in growth capital at the intersection of venture capital and private equity, targeting scalable companies using technology, digitalisation and process innovation, including buy-and-build projects. The fund held a €30M first closing in May 2025 against a €100M target and made its first investment, in digital corporate-health platform Carol, in January 2026.

Investment thesis

Growth equity in SMEs and start-ups past the early stage in Europe, mainly Italy: tech, digital and process innovators and buy-and-build projects in financial services, insurtech, pharma, food, education, mobility and infrastructure; 6–7 investments averaging about €10M; 4–5 year holding period.

PORTFOLIO (1)

  • Carol
    since 2026

People

  • Gabriele Benedetto
    Chairman and Co-Founder · source
  • Fabio Luigi Gallucci
    CEO, Co-Founder and Futura Growth Key Man · source

Links

Frequently asked questions

Futura SGR is a private equity fund based in Milan, Italy, founded in 2024.

Yes. Futura SGR invests its own capital in private companies.

Futura SGR invests at Series B and Growth stages in Fintech, Food & Agriculture, Education, Mobility & Logistics and Software & SaaS.

Key people at Futura SGR include Gabriele Benedetto (Chairman and Co-Founder) and Fabio Luigi Gallucci (CEO, Co-Founder and Futura Growth Key Man).

Futura SGR's investments include Carol.

The most recent publicly reported investment by Futura SGR is Carol (€6.5M capital increase, co-led with P101 SGR (Futura Growth)), announced in Jan 2026.

Yes. Futura SGR manages capital from outside investors.