Giuseppe TravasoniYOOX / Net-a-Porter · 2015–2016
TrueScreen
Giuseppe Travasoni worked at YOOX / Net-a-Porter (2015–2016) and founded TrueScreen in 2021.
🇮🇹
ItalyPlatform
Europe · Pop. 59M · #26 startup ecosystem by EV
1 Overview
2,171
Pool of Funded Startups
New Startups
get funded 21%
2,002Startups
Pre-Seed to Seed 20%
Seed to Series A 23%
148Breakouts
A to Series B 40%
B to Series C 24%
21Scaleups
reach Mega 0.46%
reach Mega+ 0.51%
18Valuation Outcomes
reach Unicorn 0.74%
reach Decacorn 0.092%
16 Unicorns$1–10B valuation
14 Thoroughbreds$100–500M revenue
4 Thoroughbreds$500M–1B revenue
5 Thoroughbreds$1B+ revenue
Pre-Seed
1,008
Seed
665
Series A
329
Series B
107
Series C
41
Unicorn
16
Decacorn
2
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
16 Unicorns$1–10B valuation
14 Thoroughbreds$100–500M revenue
4 Thoroughbreds$500M–1B revenue
5 Thoroughbreds$1B+ revenue
2 Latest quarter
Italy's latest quarter in venture capital
VC raised by Italy-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
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3 Snowball effect
Italy’s startup snowball effect
Founders and alumni of Italian companies who went on to build new companies and venture firms.
Selected founder stories
Hover to explore · Click or tap to keep details open
Giancarlo ValenteYOOX / Net-a-Porter · 2006–2010
AuLAB
Giancarlo Valente worked at YOOX / Net-a-Porter (2006–2010) and founded AuLAB in 2014.
Christina DaskalakiYOOX / Net-a-Porter · 2016
Lenses.IO
Christina Daskalaki worked at YOOX / Net-a-Porter (2016) and founded Lenses.IO in 2016. The career record places both roles in 2016; the order within that year is not resolved.
Tatiana RizzanteCo-founder
Reply
Listed · $1B+
Hassan MetwalleyReply · 2013
Ermes Cyber Security
Hassan Metwalley worked at Reply (2013) and founded Ermes Cyber Security in 2017.
Alexander PramsReply · 2013–2015
Kertos
Alexander Prams worked at Reply (2013–2015) and founded Kertos in 2021.
Ebube AbaraReply · 2019–2021
Erisna
Ebube Abara worked at Reply (2019–2021) and founded Erisna in 2021.
Dario CancelliereFacile.it · 2017–2021
AI Chat
Dario Cancelliere worked at Facile.it (2017–2021) and founded AI Chat in 2023.
Juan LárizFacile.it · 2011–2014
Homedoctor
Juan Láriz worked at Facile.it (2011–2014) and founded Homedoctor in 2017.
Andrea OrlunghiFacile.it · 2016–2017
Abiby
Andrea Orlunghi worked at Facile.it (2016–2017) and founded Abiby in 2018.
Alberto GenoveseFacile.it
Prima
Alberto Genovese co-founded Facile.it and founded Prima Assicurazioni in 2014. AXA acquired 51% of Prima for €538 million on 28 November 2025.
Giacomo MariniOlivetti · 1978–1981
Logitech
Giacomo Marini worked at Olivetti (1978–1981) and founded Logitech in 1981. He later founded venture capital firm Noventi.
Giacomo MariniLogitech · 1981–1993
Noventi VC firm
Giacomo Marini co-founded Logitech in 1981 and went on to found Noventi. His first-person account describes the transition into venture capital in Silicon Valley.
Dario CalogeroOlivetti · 1987–1991
Kaleyra
Dario Calogero worked at Olivetti (1987–1991) and founded Ubiquity in 1999. The business later became Kaleyra.
Andrea Di CamilloOlivetti
P101 Ventures VC firm
Andrea Di Camillo worked at Olivetti and founded P101 Ventures in 2013. Di Camillo started at Olivetti / Italia Online, co-founded Vitaminic and Banzai, then founded P101.
Andrea Di CamilloOlivetti
Banzai
Andrea Di Camillo worked at Olivetti and went on to found Banzai. Banzai reported revenue of €235 million in 2015.
Luca FerrariCo-founder
Bending Spoons
Decacorn
Fabrizio RinaldiBending Spoons · 2017–2018
Typefully
Fabrizio Rinaldi worked at Bending Spoons (2017–2018) and founded Typefully in 2020.
Daniele MazzottaBending Spoons · 2019–2020
Optivo Logistics
Daniele Mazzotta worked at Bending Spoons (2019–2020) and founded Optivo Logistics in 2021.
Federica FreddiBending Spoons · 2016
Sqwish AI
Federica Freddi worked at Bending Spoons (2016) and founded Sqwish AI in 2024.
Giuseppe RussoBending Spoons · 2014–2016
EXVAi Research
Giuseppe Russo worked at Bending Spoons (2014–2016) and founded EXVAi Research in 2020.
Tiscali
Revenue of €144.2 million in 2021.
Sebastiaan VisserTiscali · 2006–2007
Monumental
Sebastiaan Visser worked at Tiscali (2006–2007) and founded Monumental in 2021.
Francesco MasiaTiscali · 1998–2001
Sonicjobs
Francesco Masia worked at Tiscali (1998–2001) and founded Sonicjobs in 2017.
Gionata MettifogoTiscali · 2000–2004
Paperlit
Gionata Mettifogo worked at Tiscali (2000–2004) and founded Paperlit in 2009.
Don RitzenTiscali · 2005
Rockstart VC firm
Don Ritzen worked at Tiscali (2005) and founded Rockstart in 2011.
Italy’s founder diaspora in context
Of 44 unicorn companies with founders from Italy, 14 (31.8%) were built locally and 30 (68.2%) abroad. Compare Italy with seven other origins below.
Founder origin is based on where founders grew up. Each company is counted once per origin; this differs from a count of companies headquartered in Italy. Explore the comparison and methodology ↗
4 Largest rounds
Largest funding rounds in Italy
A live treemap of $15M+ verified rounds from the Dealroom API. Each cell is one round into a company headquartered in Italy, grouped by Dealroom sector.
Largest rounds in Italy - 2024–2026
Every $15M+ verified VC round into Italy-headquartered companies in 2024–2026, grouped by Dealroom sector.
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No $15M+ rounds match this location.
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5 Startup hubs
Inside Italy: 4 startup hubs, 297 universities
Hubs are sized by combined enterprise value; universities by startup founders produced. Hover or tap a point for details.
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6 Universities
Universities and spinouts in Italy
Spinouts originating from Italian institutions, alongside companies founded by their alumni worldwide.
| Polytechnic University of Milan | 192 | 1,723 | 1,668 | 4 |
|---|---|---|---|---|
| Polytechnic University of Turin | 112 | 820 | 847 | 4 |
| University of Milan-Bicocca | 100 | 214 | 193 | 0 |
| University of Bologna | 88 | 1,014 | 968 | 1 |
| Sapienza University of Rome | 74 | 1,031 | 945 | 3 |
| University of Padua | 73 | 627 | 563 | 2 |
| University of Milan | 63 | 724 | 641 | 2 |
| University of Pisa | 54 | 273 | 260 | 2 |
| Bocconi University | 50 | 2,195 | 1,952 | 11 |
| University of Genoa | 40 | 304 | 283 | 0 |
| University of Turin | 36 | 617 | 585 | 8 |
| University of Pavia | 33 | 230 | 215 | 0 |
Page 1 of 25
Source: Dealroom · 20 September 2026 · Counts can overlap across institutions.
About spinouts and alumni companies
Spinouts are companies recorded by Dealroom as originating from the institution. Alumni-founded companies count businesses whose founders studied there, wherever those businesses are based. Founder alumni count people; alumni unicorns count companies that reached a $1 billion valuation. The table includes universities, business schools and research institutes headquartered in Italy, as classified by Dealroom. Schools and parent universities can have separate records. Missing data is shown as a dash; zero means a recorded count of zero. The columns and rows should not be added together. Bars use the highest count in each column across all institutions as their scale.
7 VC investment
How much venture capital flows into Italy
VC investment into Italy-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Only Dealroom-verified rounds are included.
8 Funding rank
Italy’s rank in Europe for venture capital raised
Italy’s rank among European countries by venture capital raised each year, in three bands: startup capital (rounds under $15M), breakout capital ($15–100M rounds) and scale-up capital ($100M+ rounds). Only Dealroom-verified rounds are included.
9 Funding per capita
Venture capital per capita — Italy in a global comparison
Venture capital raised per person over the last five full years, in the same three bands: startup, breakout and scale-up capital. Values are a share of the US (US = 100%) or absolute; bars scale to the largest value in each column. Only Dealroom-verified rounds are included.
10 Enterprise value
How much Italy’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Italy, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
11 Founder origins
Where Italy's unicorn founders build
75 founders born in Italy are behind 45 unicorns; 33% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.
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12 Location comparison
Unicorns, decacorns and centicorns — Italy in a global comparison
Companies count where they were founded or are headquartered. Values are per 1M people or totals, as a share of the US (US = 100%) or absolute; bars scale to the largest value in each column. Hover any value for the per-1M rate and absolute count.
13 Patent intelligence
Italian startups with the most valuable patents
Each dot is a startup · its patents valued at $600K or more, by number and combined estimated value
$1.3B525 patents · 94 startups
Combined estimated value
125102050$1M$10M$100M
Number of patents valued at $600K or moreStartups headquartered in Italy, by Dealroom’s classification. Both axes are logarithmic. Values are PatSnap estimates in US dollars.
Source: Dealroom / PatSnap · 2 Oct 2026 · 94 of 239 patent-holding startups have a patent valued at $600K or more.
The ten most valuable patents
Held by Italian startups · ranked by PatSnap’s estimated value, shown as a signal
-
1
Very high
MMISurgery & diagnostics
Surgical tool for robotic surgery and robotic surgical assembly
Expires 2038USUS12472021B2 ↗
-
2
Very high
CassiopeaSmall-molecule chemistry
Formas cristalinas de cortexolona
No expiry date yet7 filings · AR · HU · ZA · RU · NO · NLAR111202A2 ↗
-
3
Very high
PhilogenMedicines
Uso de um membro de ligação que se liga à isoforma extra domínio-a (ed-a) da fibronectina para a preparação de um medicamento para tratamento de artrite reumatóide
Expires 2028BRBRPI0818272B8 ↗
-
4
Very high
ArchimicaSmall-molecule chemistry
Solid forms of a toll-like receptor modulator
Expires 2035USUS9738646B2 ↗
-
5
Very high
LipogemsSurgery & diagnostics
Device and method for preparing tissue, in particular adipose tissue
No expiry date yetCNCN121182630A ↗
- 6 Very high
-
7
Very high
NGB GeneticsProteins & antibodies
Binding proteins and methods of use thereof
No expiry date yet2 filings · CA · USUS20260152551A1 ↗
-
8
Very high
NGB GeneticsProteins & antibodies
Compositions, uses and methods for treatment of metabolic disorders and diseases
No expiry date yetHKHK40105444A ↗
-
9
Very high
TES PharmaSmall-molecule chemistry
Farnesoid X receptor modulators
Expires 20342 filings · US · INUS9611289B2 ↗
-
10
Very high
PharmanutraMedicines
Método para preparar uma composição sólida à base de ferro
Expires 2033BRBR122022015143B8 ↗
A company’s patents with an identical estimated value are listed once, with the number of filings. They are usually related filings of one invention.
Italy’s patent specialisations
Selected topics · company share relative to the rest of Europe
Industrial engineering
Italy: 14 / 266 profiles (5.3%).
Rest of Europe: 200 / 9,534 (2.1%).
Counts are company profiles with this patent topic. Topics overlap and include mature businesses.
Select to see the Italian companies.
Structural engineering
Italy: 20 / 266 profiles (7.5%).
Rest of Europe: 331 / 9,534 (3.5%).
Counts are company profiles with this patent topic. Topics overlap and include mature businesses.
Select to see the Italian companies.
Mechanical engineering
Italy: 81 / 266 profiles (30.5%).
Rest of Europe: 2,219 / 9,534 (23.3%).
Counts are company profiles with this patent topic. Topics overlap and include mature businesses.
Select to see the Italian companies.
Life sciences
Italy: 70 / 266 profiles (26.3%).
Rest of Europe: 2,716 / 9,534 (28.5%).
Biomedical engineering 30 · Molecular biology 21 · Biochemistry 18 · Biotechnology 13 · Pharmaceutical drug 13. 70 profiles after removing overlap between topics.
Selected topics, not the whole sector. Two BioCompatibility Innovation profiles may be duplicates.
Select to see the Italian companies.
Life sciences: 70 company profiles · 26% of Italy’s classified sample, versus 28% elsewhere in Europe.
Exploratory sample · topic coverage: Italy 27%; rest of Europe 63%. All company ages. Topics overlap.
Source: Dealroom / PatSnap · 21 Sept 2026 · 266 Italian and 9,534 other European company profiles.
Mechanical engineering
Select a company to view its patents. Hover for details.
81 companies · Showing 1–6
2D Photonics | CamGraPhIC
Graphene-integrated photonic circuits for high-bandwidth data transmission
Pisa · Italy
$263.5M total funding
D-Orbit
Global leader in space logistics and transportation, renowned for space-proven technologies and successful missions
Fino Mornasco · Italy
$246.1M total funding
Caracol
Caracol is your one-stop partner for all advanced Additive Manufacturing service solutions
Barlassina · Italy
$53.7M total funding
WISE
Biomedical company developing implantable leads for neuromodulation and neuromonitoring
Cologno Monzese · Italy
$45.1M total funding
Empatica
Designs and develops AI systems to monitor human health through wearable sensors
Milan · Italy
$37.1M total funding
Inxpect
Sense the world in 3D
Brescia · Italy
$33.6M total funding
Page 1 of 14
This company’s high-value patents, across all of its technology areas.
About the data
The value chart covers companies that Dealroom classifies as startups, with headquarters in Italy and a launch year on file. It adds up PatSnap’s estimated value of each patent valued at $600,000 or more. Lower-valued patents have no records and are not counted, so these are not full portfolio values. 94 of 239 patent-holding startups have at least one such patent. Values are in US dollars and carry no valuation date.
The European comparison uses PatSnap’s automatically extracted technology topics as retrieved in September 2026. The source has since stopped publishing these topics, so this view is no longer updated. A company can appear in more than one topic. Counts represent topic memberships, not a complete classification of inventions or a share of patent families. Geography uses current company headquarters; all company ages and statuses are included. Companies without topic data are excluded. These company counts have a different scope from the granted patent-family total, which covers startups and is aggregated from hub-level filings.
The European comparison divides each topic’s share of classified Italian company profiles by its share in the rest of Europe (Dealroom continent geography, excluding Italy). A value of 2× means twice the share, not twice as many companies or patents. The three industrial topics were selected from an exploratory screen of 200 keywords. Unequal coverage can bias the ratios; they do not establish a national patent distribution or statistical significance.
Life sciences groups biomedical engineering, molecular biology, pharmaceutical drug, biotechnology and biochemistry. The union contains 70 company profiles, counting each once across topics. This is a selected-topic sample, not a census of the sector. Two BioCompatibility Innovation profiles appear to represent the same business and are retained to keep the source’s counting method consistent across countries. Missing topics do not mean missing patents.
A separate EPO 2025 dataset supports a broader machinery specialisation: handling (including packaging) takes 8.6% of Italy’s applications versus 3.5% in the other 38 EPO member states, or 2.5× the share. That dataset covers applications by all applicants and is not combined with these company counts.
Startup patent families: 9,701. 164 per million residents · #28 globally.
Top patenting hubs: Metropolitan City of Turin (5,178) · Milan (Metropolitan City of Milan) (2,981) · Metropolitan city of Rome (1,542).
More data
Explore Dealroom data →
Region
Europe
Continent / region · Pop. 744.1M · #7 region by EV
Country
United Kingdom
Europe · Pop. 69.2M · #3 startup ecosystem by EV
Country
Germany
Europe · Pop. 83.5M · #8 startup ecosystem by EV
Country
Netherlands
Europe · Pop. 18M · #10 startup ecosystem by EV
Country
France
Europe · Pop. 68.5M · #9 startup ecosystem by EV
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