New Italian climate-tech VC makes first investment – with more on the way
12 feb. 2025
12:09
Italy is gradually building its impact momentum, and VC firm Primo Capital is leading the charge with its climate fund.
Primo’s Climate partner Giusy Cannone sits down with Impact Loop to discuss their first investment in a biomaterials startup – announced this week – and how Italy’s slow start could be an advantage for it's impact scene.
Primo’s Climate partner Giusy Cannone sits down with Impact Loop to discuss their first investment in a biomaterials startup – announced this week – and how Italy’s slow start could be an advantage for it's impact scene.
Italy’s VC investment growth in the last ten years is nothing short of remarkable. According to Milan-based investment firm P101, from 2013 to 2023 the scene has grown over 600 percent, from just a few hundred million euros to nearly ten billion, aided by increased state fund allocations.
While still a small part of that overall growth, investments in SDG-related startups in Italy have also seen impressive growth, nearly doubling in the last couple of years, hitting €120 million ($123m) in 2023.