
Indaco Venture Partners
Description
Indaco Venture Partners is a prominent Italian asset management company based in Milan, specializing in venture capital and growth equity investments. Established to foster innovation within Italy, the firm focuses on high-tech sectors including deep tech, advanced manufacturing, new materials, medtech, electronics, and digital technologies. They manage a diverse portfolio of funds, demonstrating a commitment to supporting the growth of promising Italian startups and scale-ups.
The firm's investment strategy spans various stages, from early-stage to late-stage venture capital and growth equity, allowing them to support companies throughout their development lifecycle. Indaco Venture Partners manages several specialized funds, notably Indaco Ventures II, which closed at €370 million in 2022, and Indaco Ventures I, a €200 million fund launched in 2018. These flagship funds primarily target deep tech companies with significant growth potential. They also manage Indaco Bio, a €90 million fund dedicated to biotech and pharma, and Indaco EIT Digital, focused on digital transformation.
Indaco Venture Partners typically invests in companies that are past the initial seed phase, often participating in Series A, Series B, and later growth rounds. For their Indaco Ventures II fund, the firm explicitly targets initial investments ranging from €5 million to €20 million, with the capacity for substantial follow-on funding to support portfolio companies' continued expansion. Similarly, their Indaco Ventures I fund typically makes initial investments between €3 million and €15 million. This flexible approach enables them to be a significant partner for companies requiring substantial capital to scale operations, expand internationally, or develop new products. Their portfolio reflects a strong focus on innovative solutions with high technological content and market disruption potential within their core sectors.
With a total Assets Under Management (AUM) exceeding €700 million across its various funds, Indaco Venture Partners has established itself as a leading player in the Italian venture capital landscape. The firm leverages its deep industry expertise and extensive network to provide strategic guidance and operational support to its portfolio companies, beyond just capital. Their commitment to fostering a vibrant innovation ecosystem in Italy is evident through their targeted investments in sectors critical for future economic growth and technological advancement.
Investor Profile
Indaco Venture Partners has backed more than 39 startups, with 9 new investments in the last 12 months alone. The firm has led 10 rounds, about 26% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series Unknown, Series C rounds (top funding stages).
- Majority of deals are located in Italy, United Kingdom, Switzerland.
- Strong thematic focus on Biotechnology, Health Care, Software.
- Led 4 rounds in the past year.
- Typical check size: $3.2M – $21.6M.
Stage Focus
- Series A (23%)
- Series Unknown (21%)
- Series C (18%)
- Series B (15%)
- Seed (10%)
- Series D (5%)
- Post Ipo Equity (3%)
- Series E (3%)
- Convertible Note (3%)
Country Focus
- Italy (67%)
- United Kingdom (10%)
- Switzerland (8%)
- United States (5%)
- Israel (5%)
- Denmark (3%)
- Finland (3%)
Industry Focus
- Biotechnology
- Health Care
- Software
- Medical
- Life Science
- Automotive
- Information Technology
- Manufacturing
- Medical Device
- Pharmaceutical
Frequently Asked Questions
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