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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

Primo Capital SGR

Also known as Primo Capital, Primo Capital SGR S.p.A., Primo Ventures, Primo Ventures SGR, Primomiglio SGR, Primomiglio

Independent Milan venture capital SGR (ex Primomiglio/Primo Ventures) running sector funds in digital, space, health and climate technologies; Primo Space 2 launched in 2026.

HEADQUARTERS
Milan, Italy
FOUNDED
2015
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
11 people

Focus

STAGES
Pre-SeedSeedSeries ASeries B
SECTORS
Software & SaaSArtificial IntelligenceSpaceHealthTechBiotech & Life SciencesClimate & EnergyDeep Tech
ASSET MIX
Venture capital
GEOGRAPHY
ItalyEurope

Overview

Primo Capital SGR is a Milan asset management company registered with the Banca d'Italia as an AIF manager (no. 151), formerly named Primomiglio SGR and Primo Ventures SGR. It describes itself as an independent investment platform focused on digital, healthcare, climate tech and the space economy, launched in 2015 with its Digital strategy. It launched Primo Space Fund in 2020 and health and climate funds in 2024; in July 2026 it announced Primo Space 2 (target €120M, Seed to Series B). It has offices in Milan and Rome.

Investment thesis

Sector-specialised venture funds with dedicated teams investing in breakthrough technologies across digital, healthcare, climate tech and the space economy (upstream to downstream, including dual-use).

PORTFOLIO (15)

  • CrestOpticsNOTABLE
    HealthTech · Exited (sold to Evident, 2026)
  • D-OrbitNOTABLE
    Space
  • Mirai Robotics
    Deep Tech · since 2026
  • Apogeo Space
    Space
  • Astradyne
    Space
  • Ecosmic
    Space
  • Eoliann
    Climate & Energy
  • Cubbit
    Software & SaaS
  • Circeus
    Software & SaaS
  • Codemotion
    Education
  • CheckmAb
    Biotech & Life Sciences
  • Enterome
    Biotech & Life Sciences
  • BluBrake
    Mobility & Logistics
  • DMAT
    Climate & Energy
  • Competitoor
    Artificial Intelligence · Exited

People

  • Antonio Concolino
    CEO & General Partner · source
  • Gianluca Dettori
    Chairman & General Partner · source
  • Franco Gonella
    Director & General Partner · source
  • Giorgio Minola
    Director & General Partner (Space) · source
  • Andrea Pavero
    Director & General Partner (Health) · source
  • Ezio Ravaccia
    Director & General Partner (Climate) · source
  • Niccolò Sanarico
    CTO & General Partner · source
  • Simone Molteni
    General Partner (Climate) · source
  • Raffaele Mauro
    General Partner (Space) · source
  • Matteo Cascinari
    General Partner (Primo Space 2) · source
  • Antonio Mercuri
    CFO · source

Links

Frequently asked questions

Primo Capital SGR is a VC fund based in Milan, Italy, founded in 2015.

Yes. Primo Capital SGR invests its own capital in private companies.

Primo Capital SGR invests at Pre-Seed, Seed, Series A and Series B stages in Software & SaaS, Artificial Intelligence, Space, HealthTech, Biotech & Life Sciences, Climate & Energy and Deep Tech.

Key people at Primo Capital SGR include Antonio Concolino (CEO & General Partner), Gianluca Dettori (Chairman & General Partner), Franco Gonella (Director & General Partner) and Giorgio Minola (Director & General Partner (Space)).

Primo Capital SGR's investments include CrestOptics, D-Orbit, Mirai Robotics, Apogeo Space, Astradyne, Ecosmic, Eoliann and Cubbit, among others.

The most recent publicly reported investment by Primo Capital SGR is Mirai Robotics (Pre-seed ($4.2M, co-lead)), announced in Mar 2026.

Primo Capital SGR states that it accepts submissions through its official contact page.

Yes. Primo Capital SGR manages capital from outside investors.