Neva Finventures

What Neva Finventures does

Neva Finventures, operating as NEVA Società di Gestione del Risparmio S.p.A. (Neva SGR), is the corporate venture capital arm of Intesa Sanpaolo Group, Italy's largest bank. Founded in 2017 and headquartered in Turin, the firm manages a multi-vehicle fund platform (Neva First, Neva First Italia, Neva II, Neva II Italia, SEI Fund, and the €20M Neva II – Parallelo Lombardia Fund) with aggregate commitments exceeding €500M from Neva II alone, deploying capital into growth-stage and Series A–B startups across four thematic areas: climate tech and energy transition, life sciences, digital transformation, and aerospace/manufacturing. Its underlying technology is fund management infrastructure rather than a product platform; the firm's value proposition is its regulated SGR status (AIF Manager No. 39), exclusive distribution through Intesa Sanpaolo Private Banking, and a Business Development function that brokers Italian and European market entry for portfolio companies such as Coro (cybersecurity for SMEs), Cyberint (now part of Check Point), and D-Orbit (aerospace).

The firm generates revenue through management fees on committed/invested AUM and carried interest on successful exits, rather than product or service sales. Since inception it has invested in 26 portfolio companies across 13 countries (USA, UK, Israel, Switzerland, Germany, Ireland, Spain, France, Italy, Brazil, India, UAE, Turkey), with notable positions in Commonwealth Fusion Systems (fusion energy), Energy Dome (CO2 battery storage), Tr1X (cell therapies for autoimmune disease), Classiq (quantum algorithm software), D-Orbit (space logistics), V-Nova (video compression), and iwoca (SME fintech). Capital is sourced primarily through anchor commitments from Intesa Sanpaolo complemented by co-investment partnerships with CDP Venture Capital SGR, Italian foundations, and regional government vehicles (Fondo di Fondi VenturItaly, Fondo di Co-Investimento MiSE, Lombardia Venture STEP). Distribution is institutional — fund interests are placed exclusively to professional investors, family offices, and high-net-worth clients via Intesa Sanpaolo Private Banking — making this a B2B fund management business with concentrated LP relationships and a globally diversified portfolio of operating company investments.

Name

Neva Finventures

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

1–10 employees

Short description

Neva Finventures (Neva SGR) is the corporate venture capital arm of Intesa Sanpaolo Group, managing a multi-fund platform that invests in climate tech, life sciences, digital transformation, and aerospace startups across Italy, Europe, the US, and select global markets for institutional investors.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

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

akta.pro secondary industry

Venture Capital Fund-of-Funds (FSANAGAC)

Keywords

• Venture capital funds
• Corporate venture capital
• Fund management services
• Growth-stage investments
• Startup equity financing

Headquarters

HQ city

Torino

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. VC Fund Management: Neva SGR generates revenue through management fees charged on assets under management (AUM) and carried interest (performance fees) from successful fund exits. The firm manages multiple venture capital funds including Neva First (€200M target), Neva First Italia, Neva II (€500M target), Neva II Italia, and the SEI Fund (€15M initial). Revenue is derived from fund management activities rather than product or service sales.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Neva SGR manages multiple venture capital funds on behalf of professional investors, deploying capital into highly innovative startups and growth-stage companies operating in climate tech, life sciences, digital transformation, and aerospace. The firm combines direct fund investments with parallel co-investment vehicles and ecosystem-development funds (such as the SEI Fund) and supplements capital with Business Development services that support portfolio companies' international expansion and market positioning. Revenue is generated through management fees on assets under management and carried interest from successful exits.

Product overview

Neva Finventures (Neva SGR) is the venture capital arm of Intesa Sanpaolo Group, offering investment fund management services rather than a technology product. The company manages multiple fund vehicles (Neva First, Neva First Italia, Neva II, Neva II Italia, SEI Fund) targeting professional investors. Their investment focus spans climate tech, life sciences, digital transformation, and aerospace sectors globally. The core offering is fund management with Business Development services providing portfolio support for international expansion and market positioning.

Differentiator

Problem solved

Functional benefit

Products and services

• Neva First Fund Global venture capital fund investing in highly innovative companies across climate tech, life sciences, digital transformation, and aerospace sectors. Available to professional investors, with exclusive distribution through Intesa Sanpaolo Private Banking. Achieved its first exit via the acquisition of Cyberint by Check Point.
• Neva First Italia Fund Dedicated Italian venture capital fund investing in innovative Italian startups in parallel with the Neva First Fund. Fully managed by CDP Venture Capital SGR. Completed its investment period two years ahead of schedule in June 2023.
• Neva II Fund Second-generation global venture capital fund targeting €500 million, focused on companies addressing global challenges in energy transition, healthcare, digital transformation, and aerospace that adopt best ESG and Circular Economy policies. Already invested over €45 million as of July 2025 and achieved its first exit via the acquisition of Phosphorus Cybersecurity by Dragos.
• Neva II Italia Fund Italian-focused vehicle within the Neva II fund family, co-investing alongside the Neva II Fund in Italian and European companies. Launched in September 2024 with the same €500 million combined target.
• Neva II – Parallelo Lombardia Fund Co-investment vehicle with €20 million AUM targeting cleantech companies that meet Lombardia Venture STEP requirements, managed in partnership with Finlombarda and co-investing alongside the Neva II and Neva II Italia Funds.
• Sviluppo Ecosistemi di Innovazione (SEI) Fund Fund dedicated to developing Italian innovation ecosystems by investing in venture builders, incubators, and specialised funds across sectors including aerospace (Galaxia), life sciences (Bio4Dreams), and nautical and port logistics supply chains.
• Business Development Services for Portfolio Companies Value-generation services for portfolio companies leveraging the Intesa Sanpaolo Group network, including international expansion support, market entry assistance, and strategic guidance for founders. Demonstrated outcomes include supporting Cyberint's first Italian cybersecurity market event and CORO's first commercial distribution agreement in Italy with Exclusive Networks, plus entry into French and Spanish markets.

Quantifiable outcome

• First exit of Neva II and Neva II Italia funds completed through Phosphorus acquisition by Dragos within one year of investment
• +2 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered key and core.

• Cleantech for ItalykeyStrategic or Co-development Partner · 8 April 2024Coalition of investors, innovators, industry leaders, and policymakers working to strengthen Italy's leadership in cleantech innovation and funding.
• Intesa Sanpaolo Private BankingcoreChannel Partner/ Reseller/ Distributor · 12 August 2021Agreement allowing Neva First Fund to be distributed to Intesa Sanpaolo Private Banking customers, enhancing investment capacity and portfolio development acceleration. The Neva First Fund has a collection target of €250M with 70% invested abroad and 30% in Italy.
• Exclusive NetworkskeyChannel Partner/ Reseller/ DistributorEuropean cybersecurity services leader (€5 billion turnover in 2023, offices in 45 countries) that signed first commercial distribution agreement with portfolio company CORO for Italian market.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Peers

• CDP Venture Capital SGR:

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Neva Finventures