In a move to expand its investment portfolio, Neva Sgr, the venture capital branch of the Intesa Sanpaolo Group, has launched two new funds, totaling €500 million.
This strategic development was announced in September 2024 and aims to further strengthen the company’s commitment to supporting innovative startups around the globe.
Focus on Key Sectors for New Funds
The newly established funds, Neva II and Neva II Italia, will focus on fostering growth in several cutting-edge industries.
Neva II, with a target of €400 million, is designed to invest in innovative startups worldwide, while Neva II Italia will focus its €100 million investment on supporting Italian companies.
These funds are particularly interested in startups operating in critical sectors, including:
- Life sciences, specifically in medical research related to the treatment of oncological and autoimmune diseases
- Energy transition technologies aimed at sustainability
- Digital transformation across various industries
- Next-generation manufacturing and aerospace innovations
A History of Successful Investments
Since its inception in August 2020, Neva Sgr has already made impressive strides, investing around €70 million across more than 40 high-tech startups.
These investments were made through its previous funds, including Neva First, Neva First Italia, and Fondo SEI.
- Neva First focused on global investments, supporting high-growth startups around the world.
- Neva First Italia was dedicated to boosting innovation within Italy, completing its investment activities in June 2023.
- Fondo SEI, a fund fully subscribed by Intesa Sanpaolo Innovation Center, focused on supporting Italian innovation ecosystems.
Leadership and Vision
Neva Sgr continues to be led by CEO Mario Costantini, who is guiding the firm as it expands its efforts to support innovative ventures and contribute to global technological advancements.