Alchimia Investments

What Alchimia Investments does

Alchimia Investments (legal entity: Alchimia SpA) is an Italian venture capital and growth-investment firm founded in 2017 and headquartered in Milan with a registered office in Rome. The company partners with founders of early-stage and growth-stage companies, providing equity capital alongside dedicated strategic and operational resources, and positions an international network spanning Italy, the UK, the US, and Spain to bridge domestic and overseas expansion for portfolio companies. Alchimia is sector-agnostic and targets innovative opportunities with large addressable markets and international expansion potential.

The firm's venture portfolio spans roughly 18 companies across digital content, healthtech, agritech, logistics, mobility, music, and frontier technology, while its growth portfolio includes consumer and media brands such as the Chiara Ferragni Collection, Leone Film Group, and Gambero Rosso. Its business model is that of a traditional VC: deploy equity capital into portfolio companies, provide non-capital support, and realize returns through exits via IPOs, acquisitions, or secondary sales. Notable realized exits include Cue Health's Nasdaq IPO at a $2.8 billion valuation (a 56x return on Alchimia's original $50 million pre-money Series B entry) and a partial exit from Fenice to AVM in June 2023 at a €75 million valuation.

Alchimia's revenue mechanics differ from operating companies: returns are episodic rather than recurring, dependent on exit timing and portfolio company performance. The firm is founder-led (Paolo Barletta as CEO & Founder, Lorenzo Castelli as Co-Founder & Managing Director) with a lean team of 5–6, and counts Annabel Holding S.r.l. — an entity controlled by the Bulgari family — as a strategic investor with a 17.5% shareholding. Go-to-market is enterprise-style direct-investment origination rather than field sales, and the firm distributes capital through direct equity participation, co-investments, and partnerships with other venture capital firms.

Name

Alchimia Investments

Legal name

Alchimia SpA

Website

https://alchimiainvestments.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Venture capital
• Early stage investment
• Growth stage investment
• Equity financing
• Portfolio management

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Venture Capital Investment Returns: Alchimia generates returns through equity investments in early-stage and growth-stage companies. They invest capital and provide strategic/operational resources to portfolio companies in exchange for equity stakes. Returns are realized through exits via IPOs, acquisitions, or secondary sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Alchimia Investments is a venture capital firm that deploys equity capital in early-stage and growth-stage companies with innovative products or services operating in large addressable markets. Beyond capital, the firm provides portfolio companies with dedicated strategic and operational resources, leveraging its team's expertise, advisors, and international network to support domestic and overseas expansion. The firm is sector-agnostic and targets opportunities globally.

Product overview

Alchimia Investments is a venture capital investment company that provides capital and strategic/operational resources to high-growth potential companies. The company is sector-agnostic and targets innovative opportunities globally, primarily focusing on Early Stage and Growth phase investment rounds. Their investment approach involves partnering with entrepreneurs, offering capital deployment, and connecting portfolio companies with their international network for domestic and overseas expansion. As a VC firm, Alchimia does not develop or offer technology products or services in the traditional sense; its core offering is investment capital and strategic advisory services to portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Investment (Early Stage and Growth)
• Strategic and Operational Resources for Portfolio Companies Beyond-capital support including strategic guidance, operational expertise, and access to Alchimia's international network to bridge portfolio companies' domestic and overseas expansion. Targeted at founders and management teams of Alchimia's portfolio companies.

Quantifiable outcome

• Achieved 56x return on Cue Health investment (from $50M to $2.8B valuation)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Made itcoreGTM or Marketing Partner · 20 September 2023Partnership announced between Alchimia Investments (venture capital) and the popular Italian podcast 'Made it'. The collaboration includes strengthening existing formats like Masterclasses and interviews, plus adding education-oriented content for future entrepreneurs and investors.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• P101 SGR: Italy-focused early-stage venture capital firm backing Italian digital startups. Directly comparable to Alchimia in stage (early/growth), geography (Italy-primary), and sector-agnostic mandate.
• United Ventures: Italian venture capital firm investing in seed and early-stage Italian and European technology companies. Closely comparable in geography, stage focus, and sector breadth to Alchimia's venture portfolio.
• Innogest Capital: Italian early-stage venture capital firm investing in technology and digital companies. Comparable in being a domestic Italian VC with operational/value-add support beyond capital.
• Primo Ventures: Italian early-stage venture capital firm supporting Italian founders with international ambitions. Comparable in stage, sector-agnostic orientation, and Italy-rooted identity.
• Vertis SGR: Italy-based growth and venture capital manager. Comparable in offering both venture and growth capital to Italian companies with international expansion potential, mirroring Alchimia's split book.

Broad incumbents

• Earlybird Venture Capital: Large established European venture capital firm operating pan-European from Germany. Broader incumbent with overlapping early/growth-stage investment focus and a more mature platform.
• Atomico: International venture capital firm with strong European roots investing in seed-to-growth-stage technology companies. Comparable stage breadth and international-expansion thesis to Alchimia.
• Index Ventures: Global venture capital firm investing in early-to-growth-stage technology and life-sciences companies with strong European presence. Comparable in stage range and geographic ambition.

Emerging players

• B Capital Group: International early- and growth-stage investment firm with activity across Europe and emerging markets. Comparable in targeting innovative, internationally expandable companies with operational/value-add support.
• HV Capital: German/European venture capital firm investing in seed-to-growth rounds across consumer, enterprise, fintech, and digital health. Comparable in stage breadth and European expansion orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments20 records

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

Frequently asked questions about Alchimia Investments