What Sella Ventures does

Sella Venture Partners SGR S.p.A. (operating as 'Sella Venture Partners' and commonly referred to as Sella Ventures) is the alternative asset management arm of Sella Group, an Italian diversified financial conglomerate controlled by the Sella family via Banca Sella Holding and the Maurizio Sella S.A.A. IVA group. Founded in 2019 and headquartered at Via Filippo Sassetti 32 in Milan's Fintech District, the firm operates two fund-of-funds vehicles — SVP Fund of Funds I (a closed-end fund that began its investment period in August 2020) and SVP Fund of Funds II (open-ended and still raising) — that invest in primary and secondary commitments to early-stage technology venture capital funds across North America and Europe. The firm additionally makes direct co-investments through 'Sella Direct Ventures,' as evidenced by participation in Flagright's $12.5M Series A in June 2026 and A-Cube's €4M round in May 2026.

Economically, SVP functions as a classic alternative asset manager: revenue is generated through management fees on committed and invested AUM and, when realized, carried interest on fund and direct-investment exits, rather than through product or SaaS pricing. Its customer base consists of limited partners in its two vehicles (not publicly disclosed), alongside portfolio VC funds in which it holds LP positions and a small number of direct portfolio companies. The firm has no disclosed technology products, software platform, AI/ML operational capability, or customer pricing tiers — its core asset is fund-of-funds selection capability, supported by a four-person senior management team with prior experience at Bain & Company, Daiwa SBCM UK, JP Morgan, Symponia SGR, IESE, and Columbia Business School.

Strategically, SVP leverages more than 20 years of accumulated Sella Group venture investing experience and operates from within the Fintech District ecosystem of 300+ Italian companies, positioning itself as a gateway for investors seeking diversified, decorrelated exposure to early-stage tech venture capital in North America and Europe, with a particular thematic emphasis on fintech and regtech. Its legal and regulatory structure — an Italian SGR with formal governance, GDPR infrastructure, and ACF arbitration disclosures — constrains direct competitor entry but also limits operational flexibility relative to unregulated fund managers.

Name

Sella Ventures

Legal name

Sella Venture Partners SGR S.p.A.

Website

https://sella.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Sella Venture Partners is the venture capital arm of Italian Sella Group, operating as a regulated SGR that manages two Fund of Funds vehicles investing in early-stage tech VC funds across North America and Europe.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Account / SMA Multi-Manager Platforms (FSANAGAL)

akta.pro secondary industry

Venture Capital Secondaries (LP Interests & Direct Secondaries) (FSANAFAJ)

Keywords

• Venture capital funds
• Fund of funds management
• Alternative asset management
• Early-stage tech investing
• Private equity investments

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Core offering

Sella Venture Partners SGR S.p.A. is the alternative asset management arm of Sella Group dedicated to venture capital. The firm manages two fund-of-funds vehicles — SVP Fund of Funds I (closed-end, started investing in August 2020) and SVP Fund of Funds II (open to investors) — that invest in early-stage technology venture capital funds across North America and Europe through primary commitments and secondary transactions.

Product overview

Sella Venture Partners (SVP) is the alternative asset management firm of Sella Group dedicated to Venture Capital. The firm operates as a fund of funds manager, offering two investment vehicles: SVP Fund of Funds I and SVP Fund of Funds II, which invest in early-stage tech VC funds in North America and Europe through primary and secondary transactions. The company does not offer technology products or services but rather manages investment portfolios in venture capital funds.

Differentiator

Problem solved

Functional benefit

Brands

• SVP Fund of Funds I: Closed-end fund of funds investing in primary and secondary VC commitments in North America and Europe.
• SVP Fund of Funds II

Products and services

• SVP Fund of Funds I Closed-end fund of funds investing in a selection of primary and secondary commitments to early-stage VC funds in North America and Europe; targeted at investors seeking diversified exposure to early-stage venture capital.
• SVP Fund of Funds II Open fund of funds still open to investors, investing in early-stage technology VC funds in North America and Europe through primary and secondary transactions; designed for investors seeking ongoing access to early-stage tech VC fund commitments.

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.

• Fintech DistrictcoreStrategic or Co-development PartnerSella Venture Partners is located in the Fintech District, which gathers over 300 companies in Italy, connecting a cross-industry network and fostering open innovation projects. This is the gateway to the Italian Fintech and Techfin Ecosystem.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• StepStone Group: StepStone Group is a leading global private markets investment firm focused on fund-of-funds, co-investments, and secondaries across venture, growth, and buyout. It shares SVP's primary-plus-secondary FoF model and broad geographic mandate.
• Hamilton Lane: Hamilton Lane is a private markets investment firm with significant fund-of-funds, secondaries, and direct investment capabilities across venture and growth. Its FoF and secondary offerings overlap directly with SVP's primary and secondary VC commitments strategy.
• Northleaf Capital Partners: Northleaf is a global private equity and venture capital fund-of-funds and direct investment manager with NA and European exposure. It is comparable to SVP in offering diversified primary and secondary VC fund commitments to institutional investors.
• Top Tier Capital Partners: Top Tier Capital Partners is a VC-focused fund-of-funds manager investing across primaries, secondaries, and direct co-investments in North America, Europe, and Asia. Its structure, including a dedicated direct co-investment sleeve, closely mirrors SVP's hybrid FoF-plus-direct strategy.
• Grove Street Advisors: Grove Street Advisors is a venture capital fund-of-funds specialist focused on US and non-US venture fund commitments, secondaries, and direct co-investments. Like SVP, it operates a VC-only FoF mandate with primary and secondary components.
• Adams Street Partners: Adams Street Partners is one of the largest global venture capital fund-of-funds managers, offering both primary fund commitments and secondary investments across multiple geographies. It is directly comparable to Sella Ventures in FoF structure, GP selection process, and cross-border NA/EU exposure.
• HarbourVest Partners: HarbourVest is a global private markets FoF and secondary investor with significant exposure to venture capital primaries and secondaries in North America and Europe. It mirrors SVP's dual primary/secondary mandate and multi-region approach at much larger scale.

Regional players

• United Ventures: United Ventures is an Italian early-stage venture capital firm investing in digital and deep-tech startups. It is a relevant Italian VC peer operating in the same sourcing ecosystem as SVP, although it pursues direct investments rather than a FoF model.
• P101 SGR: P101 SGR is a Milan-based Italian venture capital firm focused on early-stage digital and technology investments. It is comparable as an Italian VC peer whose deals (e.g., leading A-Cube's €4M round alongside Sella Direct Ventures) operate in the same Italian fintech/regtech ecosystem.
• Primo Miglio SGR: Primo Miglio SGR is an Italian venture capital firm focused on early-stage digital and tech investments. It is a regional Italian VC peer, comparable in target ecosystem and stage focus, though structured as a direct investor rather than FoF.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Sella Ventures