Following a sustained effort to drive innovation across the country, Italy’s tech sector continues to expand by raising more than $315 million in Q1 2025 and hitting an enterprise value of $82 billion.
Despite global slowdowns, Italy’s early 2025 funding is already tracking last year’s investment levels for the same period. Meanwhile, the sector’s Q1 2025 enterprise value is double what it was just four years ago and $12 billion higher than 2024’s closing value of $68.2 billion.
Notable rounds in the first quarter include:
- Innovo Renewables, which raised $32 million;
- CamGraPhIC’s $27 million raise; and
- Tethis and Subbyx, securing $16 million each.
What’s more, while 89 per cent of deals in 2024 were at the Pre-Seed and Seed stages, the number of Series A rounds in just the first quarter of 2025 (19) is already over half the total number (28) recorded across all of last year, demonstrating the ecosystem’s maturation.
Only last month, Italy’s most active private early-stage VC – Vento – launched its second €75 million fund dedicated to supporting Italian founders globally.
Vento is the investment arm of the organisers of Italian Tech Week, which takes place in Turin in October.
Jeff Bezos to headline Italian Tech Week
Jeff Bezos, founder of Amazon, Blue Origin, and the $10 billion Bezos Earth Fund, will headline this year’s Italian Tech Week.
Diyala D’Aveni, CEO of Vento said:
“Having Jeff Bezos join us at Italian Tech Week this year sends a powerful message: the world is watching, and Italy is ready to have an impact. Our Q1 results prove we’re not on Europe’s tech sidelines – we’re building companies that can compete on a global stage.
With more international capital flowing in, more Italian founders scaling beyond borders, and a stronger pipeline of deep tech and AI startups, momentum is undeniable. I’m excited for another stellar Italian Tech Week event to continue driving Italy’s growth.”
Lead image: Pixabay and creative commons.
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