Cassa Depositi e Prestiti

Cassa Depositi e Prestiti (CDP) is Italy's national promotional institution, a state-backed entity that has been supporting the Italian economy since its establishment in 1850. Majority-owned by the Ministry of Economy and Finance, CDP's broad mandate encompasses financing infrastructure, supporting public administration, and providing financial solutions for businesses, ranging from small and medium-sized enterprises to large corporations. Its strategic investments are designed to foster economic growth, social development, and innovation across the country.

In the realm of venture capital, CDP operates primarily through CDP Venture Capital SGR, a dedicated asset management company established in 2020. This entity manages the Fondo Nazionale Innovazione (National Innovation Fund), which is a cornerstone of Italy's strategy to bolster its startup and innovation ecosystem. The fund has committed over €3 billion (approximately $3.24 billion USD) to venture capital investments, making it a significant player in the European VC landscape.

CDP Venture Capital SGR invests across all stages of a company's lifecycle, from pre-seed and seed rounds to growth and later-stage financing. It employs a multi-faceted approach, making direct investments in promising startups and scaleups, as well as investing indirectly through specialized funds and fund-of-funds. The institution often co-invests with private and corporate venture capital firms, aiming to catalyze further private capital into the Italian innovation scene. Its focus areas align with national strategic priorities, including deep tech, digital transformation, life sciences, and sustainable technologies.

CDP's involvement in the venture capital market is crucial for bridging funding gaps and empowering Italian entrepreneurs. By providing significant capital and strategic support, it helps promising companies scale and compete globally. The broader CDP Group's total assets exceed €400 billion (approximately $432 billion USD), underscoring the substantial financial backing and long-term commitment that underpins its venture capital initiatives, positioning it as a foundational pillar for Italy's future economic development.