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Home FINTECH

Italy’s angels & incubators and venture capital weekly roundup. News from NeoCad, Smart&Start Italia, Invitalia, Zest, and more

Salvatore Brunoby Salvatore Bruno
July 21, 2026
Reading Time: 3 mins read
in FINTECH, ITALY, VENTURE CAPITAL
Italy’s angels & incubators and venture capital weekly roundup. News from NeoCad, Smart&Start Italia, Invitalia, Zest, and more
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NeoCad, an Italian developer of AI solutions for mechanical design, attracted a financing facility of 0.58 million euros from Smart&Start Italia, a programme of Invitalia and the Italian Ministry of Enterprises and Made in Italy (see here a previous post by BeBeez). The company will invest such resources in R&D, its organic growth, marketing, and communication. NeoCad previously attracted equity resources of 0.55 million from 40Jemz Ventures (0.25 million) and Habitech/HabiSmart (0.3 million), a proptech and sustainable construction accelerator within the CDP Venture Capital National Network whose investors include the CDP Venture Capital Accelerator Fund, Zest, Coima, Ariston and Nova Capital. Alessandro Toia (coo), Luca Licciulli (ceo) and Ahmed Shahhat (cto) founded NeoCad in 2024. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Neocad and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

Zest, the hi-tech startup hi accelerator born in 2024 out of the merger of Digital Magics and Lventures, launched venture capital vehicle Z_One and consolidated its partnership with Eureka! Venture, a firm of which acquired 20% in 2025 (see here a previous post by BeBeez). Luigi Capello, Giulio Montoli and Giulia Fazzini will head Z_One which set a 55 million euros fundraising target and will carry on pre‑seed and seed investments in AI-based technologies and the UrbanTech sector. Stefano Peroncini heads Eureka! Marco Gay is the ceo of Zest while Marco Giovannini is the non-executive chairman. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Zest, Eureka! ventures and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

Dolomiti Energia, an Italian multiutility for which Silvia Arlanch acts as chairwoman, will invest in Primo Climate, a vehicle that Primo Capital (fka Primo Ventures) manages (see here a previous post by BeBeez). Primo Climate previously announced to have raised 45.5 million euros ahead of a 60 million final target. The fund attracted the resources of Fon.TE, CDP Venture Capital and others. Sources said to BeBeez that Primo Climate current resources amount to 48 million. Ezio Ravaccia, Giusy Cannone and Simone Molteni are the vehicle’s heads. Stefano Granella is the ceo of Dolomiti Energia. Gianluca Dettori and Antonio Concolino are the chairman and ceo of Primo Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Primo Capital and its investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

In 2025, Harmonic Innovation Group (HIG), an Italian benefit holding committed to developing an international ecosystem for technological innovation and digital transformation, generated a turnover of 60 million euros, above the 50 million target, an ebitda of 9.48 million (15.8% margin), ebit of 3.5 million and net profits of 0.499 million (see here a previous post by BeBeez) Emanuele Spampinato is the ceo ofHIG, a firm that Francesco Cicione founded in 2021 with the support of the accelerator Entopan and a 35 million equity investment of Fondo Infrastrutture per la Crescita – ESG (IPC) – Azimut Libera Impresa. In 2025, HIG attracted 592.5 million (565.5 million in venture debt) for its 2026-2030 business plan. Rubicon International acted as lead investor. HIG also received the resources of IMCI+International, Entopan, Santo Versace, Darwin Technologies, 2EFFE Holding, and Red-Fish Kapital.

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