What Neva SGR does

Neva SGR (legal name: Neva Società di Gestione del Risparmio S.p.A.) is an Italian venture capital asset management company headquartered in Turin and 100% controlled by Intesa Sanpaolo Innovation Center within the Intesa Sanpaolo banking group. Founded in 2017 and operating as an AIFM under AIF Managers Registry No. 39, the firm manages a platform of closed-end alternative investment funds reserved to professional investors — Neva First and Neva First Italia (first-generation, ~€250M target), Neva II and Neva II Italia (second-generation, €500M combined target, of which €200M committed by Intesa Sanpaolo), Neva II – Parallelo Lombardia (€40M, March 2026), and the Sviluppo Ecosistemi di Innovazione (SEI) Fund (~€26M). The firm invests across four verticals — Life Science, Climate Tech & Energy Transition, Digital Transformation, and Aerospace & Manufacturing — holding roughly 30+ portfolio companies across Italy, Israel, the UK, the US, Germany, Switzerland and Continental Europe (Neva First invests ~70% abroad / 30% Italy).

Neva's products are fund vehicles rather than software. Underlying investment-process IP includes a proprietary ESG due-diligence questionnaire and ESG scoring methodology, plus an ESG Sectoral Assessment framework (ATECO/NACE-based) inherited from and aligned with Intesa Sanpaolo Group practices. Article 8 SFDR / PIR compliance applies to Neva II Italia, enabling distribution to ESG-conscious LPs. Neva supplements capital with a dedicated in-house Business Development unit delivering three explicit services: (i) business promotion and development (corporate introductions, events), (ii) coaching and organisational/strategic support, and (iii) finance-for-growth (fundraising and debt access). Documented value-creation outcomes include helping Coro sign its first Italian distribution agreement with Exclusive Networks (€5B+ turnover, 45 countries) and enter France and Spain, organising Cyberint's first Italian cybersecurity event with 50 leading corporates (Carrefour, Edison, EssilorLuxottica, Italgas, Percassi, Pirelli), and supporting D-Orbit's €119.6M ESA contract for the GEA satellite platform. The firm has also completed its first material exit — Cyberint acquired by Check Point in 2024 — enabling the first capital distribution to Neva First investors.

The revenue model is conventional venture capital asset management: management fees on committed/invested AUM and carried interest on fund performance. Pricing/fees are not publicly disclosed because the funds are reserved to professional investors and offered under formal offering documents. Limited partners are anchored by Intesa Sanpaolo Group entities (Innovation Center, Private Banking) and supplemented by Italian banking foundations (Compagnia di San Paolo, Cariparo, Carifirenze, Carilucca), CRIF, and — for Parallelo Lombardia — Regione Lombardia via Lombardia Venture STEP. Deal sourcing combines proprietary identification, co-investment with leading international VCs (Schroders, Forbion, Octopus, Marubeni, Entrée, One Peak, The Column Group, Octopus), and active outreach via the Intesa Sanpaolo corporate network. The team numbers ~20+ visible members across Investment, ESG, Business Development, and internal control functions (Compliance AML, Risk Management, Planning/Outsourcing). Leadership comprises CEO and General Manager Mario Costantini, Chairman Luca Remmert, Vice-Chairman Paolo Bonassi (also Chief Social Impact Officer of Intesa Sanpaolo), and a board drawing senior executives from across the Intesa Sanpaolo Group.

Name

Neva SGR

Legal name

Neva Società di Gestione del Risparmio S.p.A.

Website

https://nevasgr.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Neva SGR is the venture capital asset management arm of Intesa Sanpaolo Group, managing €500M+ across multiple closed-end funds that invest globally in life science, climate tech, digital transformation, and aerospace startups, supported by a dedicated business development unit.

Ownership category

akta.pro rank

Product category

Venture Capital Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Miscellaneous Financial Investment Activities (523999)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital management
• Alternative investment funds
• Growth equity investing
• Private equity management
• Asset management services

Headquarters

HQ city

Turin

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund management fees & carried interest (venture capital): Neva SGR is an Italian AIFM (AIF Managers Registry No. 39) that manages closed-end alternative investment funds reserved to professional investors. Revenue is generated through management fees on committed/invested AUM and carried interest on fund performance. Active funds include: Neva First (target ~€250M), Neva First Italia, Neva II and Neva II Italia (collection target €500M), Neva II – Parallelo Lombardia (€20M AUM), and the Sviluppo Ecosistemi di Innovazione (SEI) Fund (~€26M, fully subscribed by Intesa Sanpaolo Innovation Center). Funds are reserved to professional investors and Neva II Italia is SFDR Art. 8 and PIR-compliant.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels6 records

Core offering

Neva SGR is an Italian AIFM-licensed venture capital asset manager that invests in early- and growth-stage startups globally across four areas — life science, climate tech & energy transition, digital transformation, and aerospace & manufacturing — through multiple closed-end alternative investment fund vehicles (Neva First, Neva First Italia, Neva II, Neva II Italia, Neva II – Parallelo Lombardia, and the Sviluppo Ecosistemi di Innovazione / SEI Fund). It combines equity capital with a dedicated in-house Business Development unit that provides portfolio companies with corporate introductions, coaching/strategy, and finance-for-growth support, and embeds proprietary ESG due-diligence and scoring processes aligned with Intesa Sanpaolo Group practices in Article 8 SFDR / PIR-compliant products.

Product overview

Neva SGR is a venture capital asset management company (AIF Manager) controlled 100% by Intesa Sanpaolo Innovation Center and part of the Intesa Sanpaolo Group. Rather than a single unified software product, Neva SGR operates a platform of distinct venture capital fund vehicles — the Neva First and Neva First Italia Funds (first-generation global and Italian-focused funds), the Neva II and Neva II Italia Funds (€500 million second-generation funds where Neva II Italia is SFDR Article 8 and PIR compliant), the Neva II – Parallelo Lombardia Fund (a €20 million parallel cleantech fund backed by Lombardia Region), and the Sviluppo Ecosistemi di Innovazione (SEI) Fund (an Italian innovation ecosystem fund). Across these funds, Neva SGR invests globally in four areas — life science, climate tech & energy transition, digital transformation, and aerospace & manufacturing — and complements capital with a dedicated business development unit offering Business Promotion, Coaching/Organizational Support, and Finance for Growth services to its portfolio companies.

Differentiator

Problem solved

Functional benefit

Brands

• Neva First Fund: First-generation venture capital fund launched in 2020 targeting €250 million, with the Neva First Fund portfolio completed and first capital distributed in 2024 (Cyberint exit).
• Neva First Italia Fund
• Neva II Fund
• Neva II Italia Fund
• Neva II – Parallelo Lombardia Fund
• Sviluppo Ecosistemi di Innovazione Fund (Fondo SEI)

Products and services

• Neva First Fund Closed-end venture capital fund reserved to professional investors that targets Italian and international excellence across climate tech, life science, digital transformation, and aerospace/manufacturing, investing about 70% abroad and 30% in Italy. Raised approximately €200M toward a €250M target by 2021. For LPs seeking venture-capital exposure and for portfolio companies seeking equity capital plus business-development support.
• Neva First Italia Fund Closed-end fund dedicated to innovative Italian startups, investing in parallel with the Neva First Fund, co-managed with CDP Venture Capital SGR. For Italian startups seeking equity capital and for institutional LPs seeking Italian-focused venture exposure.
• Neva II Fund Second-generation global venture capital fund investing in Italian and international excellence with above-average growth prospects, focusing on companies that adopt the best ESG and Circular Economy policies and provide business solutions to global problems. Part of a combined €500M target with Neva II Italia. For LPs and portfolio companies seeking growth-stage capital with ESG-aligned screening.
• Neva II Italia Fund Closed-end reserved alternative investment fund (Italian-focused parallel to Neva II) investing in innovative Italian and international companies, classified under Article 8 of the SFDR Regulation and compliant with PIR regulations. For ESG-conscious LPs and Italian individual savings-plan investors.
• Neva II – Parallelo Lombardia Fund Closed-end reserved alternative investment fund with €20M AUM that co-invests alongside Neva II and Neva II Italia in cleantech startups and scaleups with registered offices in Lombardy and Technology Readiness Level (TRL) 6 or higher, focused on decarbonisation, energy efficiency and environmental-impact reduction technologies. For Lombardy-based cleantech companies and public-sector LPs deploying EU development funds.
• Sviluppo Ecosistemi di Innovazione (SEI) Fund Fund of funds with initial resources of €26M fully subscribed by Intesa Sanpaolo Innovation Center that invests in incubators, accelerators, startup studios and holding companies to implement research, selection, acceleration and professionalization programs for promising Italian startups. For Italian ecosystem vehicles and Italian startups supported through those ecosystem programs.
• Business Promotion and Development Services Service provided through Neva SGR's dedicated business development unit that presents portfolio companies to potential clients and partners, creates partnership platforms with large corporations, and organizes promotional events. Provided to Neva SGR's portfolio companies to accelerate commercial traction.
• Coaching, Organizational and Strategic Support One-to-one coaching to founders, contribution to organizational and governance strengthening, and support in definition of the business plan and relevant milestones. Provided to Neva SGR's portfolio companies across all four investment areas.
• Finance for Growth Support Support for fundraising rounds and access to debt financing offered to Neva SGR's portfolio companies. Supports portfolio companies in securing additional equity and debt capital beyond Neva's primary investment.

Quantifiable outcome

• Helped Coro sign its first Italian distribution agreement with Exclusive Networks (€5B+ turnover, 45 countries) and enter France and Spain, meeting 110+ potential partners across 4 Italian cities.
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Vertis SGR (Vertis Venture 6 Digital Sud / VV6)coreStrategic or Co-development Partner · 4 May 2026Strategic alliance between Intesa Sanpaolo and Vertis SGR to support startups and innovative SMEs in Southern Italy; Neva SGR (on behalf of Intesa Sanpaolo Group) invested in Vertis Venture 6 Digital Sud through its SEI Fund. The VV6 fund has already raised €49.5M and made 7 investments, targeting AI, cybersecurity, fintech and agritech companies with tickets from €0.5M to €5M.
• Regione Lombardia (via Lombardia Venture STEP / Finlombarda)flagshipStrategic or Co-development Partner · 9 March 2026Public-sector partner that awarded Neva SGR the full €20M available under Action 2.9.2 of the Lombardy Regional Programme (ERDF 2021-2027) — managed by Finlombarda — to launch the Neva II – Parallelo Lombardia Fund. Combined with €20M co-investment from Neva II / Neva II Italia, the partnership creates a €40M investment pool targeting cleantech startups and scaleups based in Lombardy with TRL ≥ 6.
• Galaxia — National Technology Transfer Hub for Aerospace (CDP Venture Capital SGR & Obloo)minorStrategic or Co-development Partner · 8 April 2025Neva SGR invested via the SEI Fund in Galaxia, the Italian National Technology Transfer Hub for Aerospace launched by CDP Venture Capital SGR and Obloo to transform research-lab ideas into innovative aerospace companies.
• CDP Venture Capital SGR (co-manager of Neva First Italia)coreStrategic or Co-development Partner · 8 August 2023Co-manages the Neva First Italia Fund alongside Fondo di Fondi VenturItaly and Fondo di Co-Investimento MiSE. The fund completed its investment period two years early in June 2023 having deployed ~€7M into 9 Italian startups that collectively raised over €160M.
• Gitti and PartnersminorImplementation/ SI/ Consulting PartnerProvided legal assistance to Neva SGR throughout the participation in the Lombardia regional procedure and the establishment of the Neva II – Parallelo Lombardia Fund.
• Check Point Software (acquirer of Cyberint)flagshipStrategic or Co-development PartnerAcquired Neva First Fund portfolio company Cyberint in 2024, producing the first exit of the Neva First Fund and enabling the first capital distribution to investors. Check Point is described as a global cybersecurity leader.
• European Space Agency (ESA)minorOthersAwarded D-Orbit a €119.6M contract for the GEA satellite platform — included here as the principal customer of Neva's largest aerospace portfolio company.
• Cleantech for Italy coalitionminorGTM or Marketing PartnerCoalition of investors, innovators, industry leaders and policymakers — joined by Neva SGR in April 2025 — to strengthen Italy's leadership in cleantech across the full innovation and funding value chain.

Scale indicators13 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• CDP Venture Capital SGR: Italian state-backed VC fund manager that co-manages Neva First Italia alongside Neva SGR. Operates a similar multi-fund platform targeting Italian innovative startups across multiple verticals, with comparable AUM scale and public-sector LP base (Fondo di Fondi VenturItaly, MiSE).
• Vertis SGR: Italian VC asset manager and strategic alliance partner of Intesa Sanpaolo / Neva SGR via the VV6 Digital Sud fund (targeting AI, cybersecurity, fintech and agritech in Southern Italy). Comparable multi-fund, multi-thematic Italian VC platform with similar ticket sizes and LP structure.
• P101 SGR: Italian venture capital asset manager investing in Italian and European tech startups across fintech, digital, and SaaS. Comparable Italian VC fund-of-funds manager serving similar institutional and corporate LPs.
• United Ventures: Italian venture capital firm investing in Italian and European digital/tech startups. Operates as an AIFM with multi-fund vintage structure and similar focus on digital transformation and B2B SaaS — directly comparable to Neva's digital transformation vertical.
• Indaco Venture Partners: Italian venture capital firm investing in digital, life sciences, and clean-tech. Comparable in scale, multi-fund structure, and focus on Italian and European tech startups serving as a feeder into larger international rounds.
• Primo Ventures (Opes Italia): Italian VC firm (formerly Primo Ventures) operating a multi-fund platform targeting Italian and European deep-tech and digital startups. Comparable ticket sizes, multi-vertical focus, and Italian institutional LP base.
• LVenture Group: Italian venture capital/accelerator listed on Euronext Growth Milan, operating accelerator and fund-of-funds vehicles for Italian innovative startups. Comparable Italian institutional VC platform with public-market exposure and ecosystem-development mandate.

Broad incumbents

• Eurizon Capital Real Asset SGR: Intesa Sanpaolo affiliate asset manager (CEO Silvana Chilelli also sits on Neva's board). Larger-scale asset manager within the ISP group offering real-asset and alternative fund products — broader incumbent with overlapping governance.
• Kairos Partners: Italian asset manager offering venture capital/private equity and alternative strategies via dedicated funds. Comparable Italian AIFM with multi-fund platform and Italian HNW/institutional LP base.
• Azimut Holding: Italian listed asset manager with significant VC, PE, and alternative fund exposure through dedicated vehicles and partnerships. Comparable Italian fund platform serving institutional and retail LPs via broad distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PL7lQFvEjqu8PXMFEHHO-K6EJOtPRpq86G
• LinkedInlinkedin.com/company/neva-sgr

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles26 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments44 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neva SGR