Dealroom.co-2026年意大利风险投资状况 Italian Tech Update

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Italian

TechUpdate

WavebyVento

9Oct2026·14:00-14:12CEST

ltaly'sVC-backedcompaniesarenowworthacombined$96B

EnterprisevalueofVC-backedcompaniesheadquarteredorfoundedinItaly

$100B

$8OB

—Public$51B

$6OB

$4OB

Acquired$8.7B

$2OB

Private$36.5B

201020122014201620182020202220242026

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Source:

https://dealroom.co/countries/italy/#enterprise-value

·16Oct2026·HQorfoundinginItaly·Enterprisevalueatyear-end;2026todate;Dealroomestimates.Companiesstayinthetotalaftertheylistorareacquired.

wabdealroom.co

ItalianVCinvestmentisoncoursefor$1.6Bin2026,justbelow2025

VCinvestmentinItaly,byroundsize

$1.6B

$1.6Bannualized

$1.2B

$250M+

$100-250M

$800M

$40-100M·SeriesC

$15-40M·SeriesB

$400M

$4-15M·SeriesA

$1-4M·Seed

2017201820192020202120222023202420252026YTD

dealroom.co

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Page/3Source:

https://dealroom.co/countries/italy/#vc-investment

·16Oct2026·verifiedrounds,ItalyHQ·2026YTD$1.29B;striped:fullyearatthedailypaceto

16Oct(estimate,notforecast)

ExeinandBendingSpoonsfeatureamongItaly'slargestrounds

.

VerifiedVCroundsof$15M+raisedbyItaly-HQcompanies,2024-2026,byDealroomsector(roundsizeinUSD)

OTHERB2BSOFTWARE32%

BIOTECH&LIFESCIENCES12%

HEALTHTECH&MEDTECH8%

FINTECH7%

MMI

$125M

MMI

$110M

Satispay

$66M

JetHR

MDOT.…

exein

$270M

BendingSpcsns

$270M

AAAVANTGARDE

$141M

Genespire

$51M

AptadirThera...

$44M

Smartness

$52M

YoungP..

$25M

NanoPhoria

$92M

TRANSPORTATION7%

ECOMMERCE&MARK..4%

SPACE4%

Dialybrid

Tethis

LIMOLANE

$44M

LIMOLANE

$39M

WeRoad

$58M

Subbyx

$33M

D-Orbit

$58M

D-Orbit

$55M

Al12%

hlpyTau

Casavo

BendingSpeons

$155M

exein

$110M

Lexroom

$47M

Domyn

$358M

Niulinx

$42M

hlpyDaze

ENERGY2%

CONSUM..2%

FOOD1%

InnovoR…Tulum…

BizAway

$39M

xFarmT.….

$40M

HUI

$28M

ROBOTICS4%

GENERATIVEBIONICS

$77M

Caracol

$38M

exein

$77M

MARKETING2%

EDTECH1%

SEM...1%

Lexro..

Exein

Webidoo

NextD…

cyberG.…

2DPhoto..

Dronus

dealroom.co

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Page/4Source:

https://dealroom.co/countries/italy/#largest-rounds

·16Oct2026·every$15M+verifiedVCround,2024-2026,ItalyHQ,byDealroomsector·53

rounds,$3.1B

Italyisbecomingabetterplacetoraisealsobreakoutcapital

Italy'srankamongEuropeancountriesbyVCraised,byroundsize(#1=mostraised)

#1

#5

Startupcapital·#8

$0-15Mrounds

Breakoutcapital·#8

$15-100Mrounds

#10

Scale-upcapital·#10

$100M+rounds

#15

202120222023202420252026YTD

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Source:

https://dealroom.co/countries/italy/#funding-rank

·16Oct2026·rankamongEuropeancountriesbyVCraised·#1raisedthemostinEurope;alinebreaksinayearwithnoroundofthatsize;2026YTD·verifiedrounds

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dealroom.co

ltaly'sstartups

clusterinafew

hubs;its

Milan$39B

Turin$10B

researchnetworkspansthe

UniversityofBologna

country.

Rome$3.4B

Naples$2.2B

universities·byventodealroom.co

Page/6Source:

https://dealroom.co/countries/italy/#hubs

·16Oct2026·hubssizedbycombinedenterprisevalue·Blue:4startuphubs·Green:259Purple:6researchinstitutes.

Italy'sdeep-techfootprint:94startupshold$1.3Bofhigh-value

patents,ledbyengineering(2.5×Europe)Eachdotisastartup:itspatentsvaluedat$600Kormore,bynumberandcombinedestimatedvalue

Combinedestimatedvalue

$100MNewronPharmaceuticals

Technoprobe

NGBGenetics

Cassiopea●SiliconBiosystems

Tigem

DWSSystems

TESPharmaNapoTherapeuticsCoelux

PharmanutraBMGPharma

Biogenera●

$10M

$1M

10

Numberofpatentsvaluedat$600Kormore

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Source:

https://dealroom.co/countries/italy/#patents

·Dealroom/PatSnap·2Oct2026·ItalyHQstartups;PatSnapvalueestimatesinUSD;bothaxes

logarithmic·94of239patent-holdingstartupshaveapatentvaluedatS600Kormore

dealroom.co

Italypunches

belowitsweightinVCinvestment

VCraisedpercapita2021-2025,byroundsize,as%oftheUSlevel(US=100%)

cOUNTRYSTARTUP·$0-15MROUNDSBREAKOUT·$15-100MROUNDSSCALE-UP·$100M+ROUNDS

59%

51%

185%

29%

11%

100%

18%

96%

73%

17%

8%

58%

3%

57%

15%

55%

16%

37%

22%

16%

29%

11%

4%

26%

7%

<1%

14%

152%

82%

133%

45%

115%

62%

40%

Norway

107%

60%

68%

UnitedKingdom

100%

100%

Sweden

100%

68%

图UnitedStates

39%

33%

Denmark

40%

+Finland

65%

30%

27%

NetherlandsAustralia

IⅡBelgium

29%

28%

Spain

Portugal

2%

IIItaly

9%

4%

2%

8%

5%

6%

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Source:

https://dealroom.co/countries/italy/#funding-per-capita

·16Oct2026·VCraised2021-2025bycompaniesHQ'dineachcountry,dividedby2025population;US=100%·verifiedrounds

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Italypunches

belowitsweightinoutcomes

Unicorns,decacornsandcenticornsper1Mpeople,as%oftheUSlevel(US=100%)

UNICORNSCENTICORNS

100%

100%

UnitedStates

100%

86%

97%

81%

SwitzerlandSweden

Denmark

UnitedKingdom

Norway

Netherlands

29%

78%

124%

59%

38%

111%

47%

38%

31%

39%

24%

36%

73%

27%

26%

22%

39%

71%22%

17%

+Finland

12%

15%

10%

lIBelgium

IIFrance

Portugal

15%

14%

10%

12%

ESpain

5%

5%

5%

7%

5%

IIItaly

4%

Page/9

Source:

https://dealroom.co/countries/italy/#peer-comparison

·Dealroomdata,23Aug2026·VC-backed,founded1990+,byfoundingorHQcountry,incl.public;per1Mpeople,US=100%

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Italianfoundersaremorelikelytobuildabroad

Shareofunicornsbyfounderorigin(wherefoundersgrewup),builtlocallyvsabroad,%ofcompanycount

BuitlocallyFounderoriginBuiltabroad

100%50%0%0%50%100%

CEE

17.6%

82.4%

31.8%

Italy

68.2%

Spain

France

Germany

UK

Switzerland

Sweden

34.5%

65.5%

36.2%

63.8%

40.9%

59.1%

47.6%

52.4%

54.5%

45.5%

57.3%

42.7%

Page/10Source:

https:/dearoom.co/countrieslitaly#founder-diaspora

·unicomcompanycountsbyfounderongin(wherefoundersgrewup);abroad=ousideoriginwavedealroom.co

Italy:14of44builtlocally(31.8%),30abroad(68.2%)

Italianfoundersbuilt31oftheir45unicornsabroad,15intheUS

NumberofEuropeanunicornfoundersbyorigincountry(left);the45unicornsfoundedbyltalian-bornfounders,bywheretheywerebuilt(right)

●StartedintheUS●MovedtotheUS●BuiltinItaly●Othercountries

The45unicornstheyfounded-bywheretheywerebuilt

UK

|France

Sweden

413

304

234

150

StartedintheUS12

MovedtotheUS3

IIItaly

Netherlands

58

Denmark57

+Switzerland55

49

+Finland

2,013unicornfoundersfromEurope·top12origincountries

IItaly14

米UnitedKingdom4Mexico2

Singapore2

Germany2三Israel1

HCanada1

IBelgium1

Denmark1

+Switzerland1

IFrance1

Page/11

Source:

https://dealroom.co/countries/italy/#founder-origins

·Dealroom.co,FounderDNAresearch·retrieved16Oct2026·originfrombiographyandeducationhistory;75Itaian-bornfounders,45unicorns:12startedintheUS,3movedtotheUS,14builtinItaly,16elsewhere

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Page/12Source:

https://dealroom.co/resources/italian-diaspora-index-vs-home/

·Companyvaluesplitequallybetweenfounders;Italian-originfounders'sharescountedon

bothsides.

BendingSpoonsshiftedItalianvaluecreationbacktowardsItaly.

UnicornvalueattributedtoItalian-originfounders:builtinltalyversusabroad

$60B

BuiltinItaly$58B

BuiltoutsideItaly$42B

$40B

$20B

2026

20102012201420162018202020222024

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dealroom.co

Source:htps:/dealroom.co/resourceseuropefist-timeexitsIivechartcaptured20ct2026;datathrough31July2026.·Europeincludingdiaspora

BendingSpoonsleadsEurope's2026first-timeexits

First-timeVC-backedexitsinEurope(incl.diaspora),byyear;exitvaluesinUSD

2026·$65B

27first-timeexits

2025·$40B

43first-timeexits

2024·$12B

36first-

Nexthink

$3.0B