Multi-stage VC, Milan

Indaco Venture Partners

Venture capital firm · Milan · Founded July 2016

Quick read

Indaco Venture Partners, a multi-stage VC firm, was founded in 2016 and is headquartered in Milan, Italy. It's the largest independent Italian venture capital asset management company, managing over €350 million across six funds. The firm backs growth-stage companies with proprietary technology in electronics, robotics, medtech, biotech, and digital sectors — primarily Italian but also selectively investing across Europe, the US, Canada, and Israel.

Key facts

Founded
July 2016
Founders
Davide Turco, Elizabeth Robinson, Antonella (Investment Director)
Employees
19
Sectors
hardware, healthcare, enterprise, ai
Website
www.indacosgr.com

Investment thesis

Indaco backs growth-stage companies whose competitive advantage comes from proprietary technology in electronics, robotics, medtech, biotech-pharma, and digital sectors. Primary focus is Italian companies, with selective investments across Europe, the US, Canada, and Israel; anchor LPs include Intesa Sanpaolo, Fondazione Cariplo, and Fondo Italiano d'Investimento.

Recent activity

  • Feb 2026investment
    Indaco invested in Newcleo, an alternative energy equipment company, on 4 February 2026 — its most recent recorded investment. pitchbook.com
  • Jan 2026investment
    Indaco completed an exit from D-Orbit via its TT Venture fund, fully divesting its stake in the spacetech scale-up. indacosgr.com
  • Jan 2026investment
    D-Orbit raised $128 million in the first tranche of its Series D round, with Indaco among the participating investors. tracxn.com
  • Recentfundraise
    Indaco launched Fondo Indaco Bio – Parallel Lombardia with approximately €18.6 million in capital, backed by the Lombardia Venture STEP fund-of-funds managed by Finlombarda and financed through EU resources under PR Lombardia FESR 2021–2027. The fund will co-invest systematically alongside Fondo Indaco Bio through 30 June 2029, targeting life sciences and biotech companies in Lombardy. it.linkedin.com
  • Mar 2025investment
    CamGraPhIC raised €25 million in a Series A round with Indaco participating alongside Frontier IP, Robert Bosch Venture Capital, Join Capital, and others. tracxn.com
  • Mar 2025investment
    Valo Therapeutics closed €19 million in funding with Indaco, CDP Venture Capital, ENEA Tech e Biomedical, and Fondazione Edmund Mach among the investors, alongside an expanded clinical trials programme. tracxn.com
  • Recentfundraise
    Indaco's AUM reached over €370 million across six funds, up from earlier figures of €350 million and €250 million, reflecting ongoing capital deployment and fund growth. cbinsights.com
  • Recentinvestment
    Portfolio company WISE SpA closed an oversubscribed funding round; Indaco noted the result via its LinkedIn channel. linkedin.com
  • 2025 (recent)fundraise
    Indaco launched Fondo Indaco Bio – Parallel Lombardia with ~€18.6 million in capital, backed by Regione Lombardia's Lombardia Venture STEP fund-of-funds financed through PR Lombardia FESR 2021–2027 European resources and managed by Finlombarda. The new fund will co-invest systematically alongside Indaco Bio through 30 June 2029, targeting life sciences and biotech companies in Lombardia. it.linkedin.com
  • Jan 2025investment
    Indaco Bio Fund and Indaco Bio Parallel Fund led a €15M round in IAMA Therapeutics, a Genova-based neuroscience biotech. Co-investors included Fondazione Enea Tech e Biomedical, Claris Ventures SGR, and CDP Venture Capital SGR. Funds go toward clinical development of IAMA-6, a first-in-class oral NKCC1 inhibitor in Phase 1 trials. indacosgr.com
  • Oct 2024press
    Indaco joined the European Innovation Council Trusted Investor Network, a selective group of VC firms recognized by the EIC. indacosgr.com
  • Oct 2024investment
    Indaco Ventures I – Parallel Lombardia became operational, completing its first two investments in WISE and Tethis in parallel with the Indaco Ventures I fund. indacosgr.com

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

  • Davide Turco · Co-founder & Managing Director
    LinkedIn
  • Elizabeth Robinson · Co-founder & Vice Chairman
    LinkedIn
  • Antonella · Co-founder, Board Member & Investment Director
  • Giovanni Rizzo · Partner, Indaco BIO Fund
  • Goncalo Rebelo De Andrade · Partner, Indaco BIO Fund
  • Adriana Piccitto · Investment Manager
    LinkedIn
  • Andrea Della Mattea · Partner

Sources

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Frequently asked

What is Indaco Venture Partners?+

Indaco Venture Partners, a multi-stage VC firm, was founded in 2016 and is headquartered in Milan, Italy. It's the largest independent Italian venture capital asset management company, managing over €350 million across six funds.

Where is Indaco Venture Partners headquartered?+

Indaco Venture Partners is headquartered in Milan, Italy.

When was Indaco Venture Partners founded?+

Indaco Venture Partners was founded in July 2016 by Davide Turco, Elizabeth Robinson, Antonella (Investment Director).

What sectors does Indaco Venture Partners invest in?+

Indaco Venture Partners focuses on hardware, healthcare, enterprise, ai. They primarily invest in these sectors.

How do I prepare for a meeting with Indaco Venture Partners?+

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Generated by briefthecall.com from public web sources. Last updated August 11, 2026. Each claim is linked to its source above.

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