What Growth Capital does

Growth Capital is a privately-held tech investment bank founded in 2019 and headquartered in Milan, with additional offices in Madrid and London. The firm provides advisory services to technology companies, investors, and corporates across the European venture capital ecosystem, with a particular emphasis on cross-border transactions. Its service offering spans fundraising advisory (Series A through growth rounds), M&A advisory (both buy-side and sell-side), and strategic advisory, supplemented by the A-Road program — launched in 2021 as Italy's first dedicated Series A accelerator and now in its seventh cohort.

The company's stated track record includes 50+ completed transactions, €350M+ in capital raised for clients since 2019, and a 90% success rate on mandates undertaken. Notable transactions span CleanTech (GR3N €15.5M Series B, tied to the EU Innovation Fund), aerospace (Dronus €15M Series A), advanced manufacturing (Caracol $40M Series B), mobility (Blubrake €12M and €14.5M Series Bs), biotech (Genenta €36M IPO, Hyris €26M reverse IPO), and various sell-side M&A engagements. The firm also produces market intelligence content, including the Listup report on Italian life sciences published with Italian Tech Alliance and InnovUp.

Growth Capital operates a professional services revenue model, monetizing through advisory fees tied to completed mandates. Its go-to-market combines direct enterprise engagement across its three offices with event-driven visibility (quarterly VC Observatory presentations, industry events, and content publishing). The firm is independently owned with no disclosed parent, institutional investors, or public listing, and is led by founder Fabio Mondini de Focatiis alongside CFO Lorenzo Triboli and Vice President Andrea Casati. The company has 11-50 employees and serves clients primarily in Italy, Spain, and the United Kingdom.

Name

Growth Capital

Legal name

Growth Capital

Website

https://growthcapital.it

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Growth Capital is a Milan-headquartered tech investment bank, founded in 2019, with offices in Madrid and London, providing fundraising, M&A, and strategic advisory services to European tech scaleups, investors, and corporates, and running the A-Road Series A accelerator.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

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

akta.pro secondary industry

Technology & Software Growth Equity (FSANACAA)

Keywords

• Investment banking services
• Venture capital advisory
• M&A advisory
• Series A fundraising
• Corporate finance advisory

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Advisory Services: Revenue generated from providing top-tier advisory services on fundraising, M&A transactions, and strategic advisory for tech companies and investors, particularly in complex cross-border contexts.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Growth Capital is a tech investment bank that provides advisory services for fundraising, M&A, and strategic transactions to technology scaleups, investors, and corporates across European markets. The firm operates from Milan, Madrid, and London with a focus on cross-border deals, and also runs A-Road, Italy's first Series A accelerator and fundraising program launched in 2021.

Product overview

Growth Capital operates as a tech investment bank offering a unified advisory platform for the European VC ecosystem. The core offering consists of advisory services for fundraising, M&A, and investment strategies targeting scaleups, investors, and corporates. Additionally, Growth Capital operates A-Road, Italy's first Series A Accelerator launched in 2021, which is a complementary program that guides promising scaleups toward successful Series A funding rounds.

Differentiator

Problem solved

Functional benefit

Brands

• A-Road: Italy's First Series A Accelerator, launched by Growth Capital in 2021. A dedicated accelerator and fundraising program guiding promising scaleups toward a successful Series A.

Products and services

• Growth Capital Advisory Services Top-tier advisory services tailored to a wide range of deals and stakeholders, including fundraising, M&A, and strategic advisory for tech scaleups, investors, and corporates, with a notable focus on cross-border transactions across Milan, Madrid, and London offices.
• A-Road Accelerator Italy's first Series A accelerator and fundraising program, dedicated to guiding promising scaleups toward a successful Series A funding round.

Quantifiable outcome

• 90% success rate on mandates undertaken
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Intecsa IndustrialcoreStrategic or Co-development Partner · 5 June 2026Spanish industrial partner for the MODUS plant construction. Growth Capital advisory led the €15.5M Series B funding round to support this partnership for building the world's first microwave-assisted PET recycling plant.
• IndiconminorStrategic or Co-development Partner · 5 May 2026Collaboration on the Listup report covering Italian life sciences startups and SMEs. Growth Capital contributed data and insights to the fifth edition of the report published in collaboration with Italian Tech Alliance and InnovUp.
• Italian Tech AllianceminorStrategic or Co-development Partner · 5 May 2026Co-publishing partner for the Listup report on Italian life sciences innovation. The report reveals market intelligence and investment data for the Italian tech ecosystem.
• InnovUpminorStrategic or Co-development Partner · 5 May 2026Collaboration on the Listup report providing data on Italian life sciences startups and SMEs raising €414.1 million in 2025.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Lazard: Global advisory and asset management firm with established European tech and growth equity practices. Competes for larger mandates that Growth Capital's boutique model targets.
• Lincoln International: Global mid-market investment bank with a deep European tech practice. Overlaps with Growth Capital on growth-stage tech sell-side and financing but operates at broader scale and sector coverage.
• Alantra: European independent financial advisory firm with mid-market M&A and debt advisory capabilities. Operates in adjacent Italian/Spanish/UK markets and competes for tech and growth mandates.

Direct peers

• GP Bullhound: London-headquartered tech investment bank advising growth-stage software, internet and digital media companies on M&A and financing. Direct overlap on European tech mandates and target founder/investor base.
• Clipperton: Paris-based independent tech M&A and capital raising advisor. Closest peer — same European tech-focused boutique IB model serving venture-backed scaleups on fundraising and exits.
• Hampleton Partners: European tech-focused M&A advisory (London/Munich) with research-led origination. Comparable positioning around cross-border mid-market tech transactions and sector specialization.
• Oakley Advisory: London-based independent advisor to technology and growth companies on M&A and capital raising. Closely aligned boutique IB serving European founder-led and PE-backed tech businesses.
• Drake Star: Global tech-focused M&A and growth advisory with strong European presence. Comparable in mandate mix (fundraising, sell-side, buy-side) and target customer profile (Series A–C tech scaleups).
• Arma Partners: London-based independent advisor to technology and tech-enabled businesses on M&A and private capital raising. Same European boutique IB archetype serving venture and growth-stage tech founders.

Regional players

• Mediobanca: Italy's leading independent investment bank with strong M&A and ECM capabilities. Regional competitor for larger Italian tech and growth mandates; serves an overlapping Italian founder/investor base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments5 records

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

Frequently asked questions about Growth Capital