We invest in Founders who build the Future

Through the Neva First Fund, we support V-Nova, whose mission is to rethink how AI models access visual data to eliminate inefficiencies.

Founder and CEO Guido Meardi explains that current formats require models to decode entire data streams, even when only a small portion of the information is needed. In contrast, new compute-aware approaches enable selective access to data, dramatically reducing unnecessary processing and improving efficiency.

Learn more

NEVA SGR is proud to be part of the Intesa Sanpaolo Group, which has been recognised for the second consecutive year as one of the best employers in Europe and for the fifth consecutive year in Italy by the Top Employers Institute, an international organisation that certifies excellence in human resource management practices.

This recognition reflects Intesa Sanpaolo’s ability to lead the Group’s organisational transformation and innovation while keeping people at the centre of its strategy.

Learn more

We are delighted to announce that Neva SGR has participated to the $141 million (€122 million) Series B funding round of AAVantgarde Bio, an Italian clinical-stage biotechnology company focused on developing gene delivery technologies for inherited retinal diseases (IRDs).

AAVantgarde Bio’s lead programmes are dedicated to tackling Stargardt disease and retinitis pigmentosa caused by Usher syndrome type 1B. Both are severe inherited retinal conditions that result in progressive vision loss and blindness among children and young adults, with no approved treatments currently available.

This significant financing will enable AAVantgarde Bio to advance crucial clinical trials for its leading therapies. Specifically, it will support the clinical trial for Stargardt disease, the completion of a natural history study involving over 100 patients, and the clinical trial for retinitis pigmentosa (RP) secondary to Usher 1B.

At Neva, we are proud to back AAVantgarde’s innovative efforts, which directly address the root genetic causes of these devastating conditions and help bringing much-needed treatment options to patients.

Press Release

Neva SGR confirms its support for one of the most promising deep-tech companies in Europe.

Caracol, an Italian company in the portfolios of the Neva First and Neva First Italia funds, strengthens its leadership in Europe, the United States, and the Middle East with this new round, while expanding its presence in the
Asia-Pacific region. The funds will back the development of multi-material platforms and the integration of AI and automation into production processes.

We are proud to support Caracol in its next phase of growth and innovation.

Press Release

We’re pleased to share this insightful article from Wired, highlighting an energy revolution that Neva SGR is proud to support.

Commonwealth Fusion Systems, backed by Neva SGR, Google, Nvidia, Breakthrough Energy, and Eni, has raised $863 million to build the first commercial fusion power plant.

The Sparc reactor is expected to be operational by 2027, paving the way for Arc, which will supply electricity to the grid in the early 2030s.
Innovation and sustainability converge to meet the growing global energy demand.

News

Neva SGR is convinced that the energy transition is the true driver of global change. For this reason, we invest in entrepreneurs and technologies aimed at improving energy efficiency and renewable energy production on an international scale. Among our most significant partnerships are Commonwealth Fusion Systems, Cool Planet Technologies, and Energy Dome.

In this video, Robert Mumgaard, CEO and co-founder of Commonwealth Fusion Systems, tells us how Commonwealth Fusion Systems is revolutionizing the nuclear fusion sector by working to create clean and scalable energy. During the event "Neva II: The Frontiers of New Energy", held on June 16 in Turin, Mumgaard, interviewed by Neva SGR’s CEO Mario Costantini, highlighted the importance of collaboration with Italian investors like Neva SGR and the contribution of the national ecosystem to global technological innovation. Today, CFS is the largest private entity in the sector and is building its first demonstration plant near Boston.

👉 Watch the full interview video here, filmed on the stage of OGR in Turin.

Nuclear fusion is no longer just a research field but a growing industry in which Italy plays an active role. Neva SGR continues to invest in the future of energy, supporting revolutionary technologies with a global impact.

We are pleased to announce that Neva SGR has participated in the 84M€ Series B financing round of Nuclidium, adding this innovative precision oncology company to its portfolio.

This investment supports the development of Nuclidium’s copper-based radiotheranostics platform, pioneering a new generation of copper-based radiopharmaceuticals for both diagnostics and therapeutics in oncology.

This next-generation technology holds promise for more accurate diagnosis and effective treatments in oncology, addressing critical unmet needs.

We are proud to contribute to Nuclidium’s mission to expanding the reach and efficacy of radiotheranostics, including addressing critical unmet medical needs in oncology and women’s health.

Press Release

Neva SGR has chosen to invest in the American company Commonwealth Fusion Systems (CFS), a globally unique player in the field of nuclear fusion.

CFS is working on the development of a Tokamak-type reactor for magnetic confinement fusion, called SPARC, which aims to be the world’s first commercially relevant power plant capable of achieving net positive energy and generating large amounts of zero-emission energy safely and virtually without limits.

Innovative sustainability, clean energy, real impact: our investment in climate tech is a bold and decisive choice for the future of the planet.

News

12/05/2025 - After 3 years since our first investment we are happy to be again among the investors in the last Classiq $110 million Series C funding, being the largest single funding round for a quantum‑software vendor to date!

08/04/2025 – Neva SGR, through its SEI Fund, has invested in Galaxia, the National Technology Transfer Hub for the aerospace sector, launched by CDP Venture Capital SGR and Obloo to transform research lab ideas into innovative companies in the aerospace industry.
With this investment Neva SGR confirms its confidence in the aerospace sector, after having supported companies such as D-Orbit and Leaf Space.

News

12/03/2025 - xFarm joins forces with Checkplant, a major AgTech company specialised in agricultural solutions for field management and monitoring, based in Brazil. Another milestone for the portfolio company of the Neva First and Neva First Italia Funds, bringing it even closer to becoming a global player in agricultural digitalization.

Congratulations to the team on this strategic expansion.

News

16/01/2025 - NEVA SGR is proud to be part of the Intesa Sanpaolo Group, recognized as a Top Employer Europe 2025 and Top Employer Italy 2025.

This prestigious accolade highlights the commitment to corporate well-being, digitalization, inclusion, ethics, and sustainability.

News

An entrepreneur and investor with over 20 years of experience, including a successful IPO, Liliana is a partner at Neva SGR, focusing on the life sciences sector globally. Neva invests in companies dedicated to fighting devastating diseases such as cancer, autoimmune disorders, and genetic conditions.

Today, the digital transformation in medicine enables addressing chronic and neurodegenerative diseases by uncovering their root causes. The goal is to develop definitive cures, surpassing the limitations of traditional therapies that focus only on symptoms.

With Liliana Nordbakk, Neva SGR contributes to creating the cures of tomorrow.

Maurizio is the Business Development Director at Neva SGR. Leveraging his experience in international groups and the network of the Intesa Sanpaolo Group, Maurizio works to generate value for portfolio companies by supporting their international expansion and providing founders with financial and strategic guidance.

A recent concrete example is the entry of Coro, a rapidly growing cybersecurity company, into the European market. Thanks to the support of Neva SGR's Business Development team, Coro is expanding into Italy, Spain, and France.

Kashif has a background in corporate finance with expertise in M&A and strategic investments across North America, Europe, and APAC, along with extensive experience in analyzing and managing deals from both strategic and financial perspectives.

At Neva SGR, he also focuses in the United States on high-growth sectors, such as cybersecurity and climate technologies. Among the portfolio companies he closely works with there is Energy Dome, a designer and developer of innovative long-duration energy storage batteries.

With Kashif Siddiqui, Neva SGR drives growth in key sectors on both sides of the Atlantic.

From treatment to cure: this is the paradigm of Tr1X, which develops innovative cell therapies to cure chronic inflammatory and autoimmune diseases. The technology is based on Tr1 cells that maintain tolerance in our body and immune system. When these cells are insufficient, the engineered Tr1X cells restore balance and bring the patient back to health.

Supported by the partners The Column Group and Neva SGR, Tr1X is currently conducting two clinical trials: one for stem cell transplants to prevent rejection in Graft-Versus-Host Disease and another for Crohn’s disease. And now, it is ready for a new funding round.

With Tr1X, Neva SGR lays the groundwork for the cures of the future.

We are pleased to share the successful closing of a $15M series C round, which will enable MODIFI to continue empowering SMEs with the tools and cross-border payment solutions they need to thrive in the international market.

Press Release

Digitizing the entire agri-food supply chain: this is the ambition of xFarm, a company in the Neva First and Neva First Italia Funds' portfolio that supports farmers and other operators (storage providers, processors, and agri-food companies) in optimizing processes.

Through the xFarm app, farms can manage all operations, connect to machinery, sensors, and satellites, and receive advice on irrigation, pest prevention, and more, enhancing both economic and environmental efficiency and sustainability. Neva SGR was one of the first investors to believe in xFarm's innovative potential, supporting the company through all funding stages and accompanying its growth journey.

With xFarm, Neva SGR supports the significant digital transformation of agriculture in Italy and worldwide.

Guido Meardi introduces us to V-Nova, a portfolio company of Neva First Fund, a deep tech firm that develops essential technological components for various digital ecosystems and promotes its international standards in sectors such as video, extended reality, and artificial intelligence.

Guido Meardi notes that capital is finally being invested in ambitious projects from Italy, aiming to create globally successful companies in the digital, cybersecurity, green technologies, and energy sectors.

Despite having advanced technology well protected by patents (in V-Nova's case, 1,100 patents), success requires a long journey, based not only on the quality of the technology but also on a complex political and relational management with large companies, governments, and global stakeholders. Neva SGR stands alongside V-Nova in all of this.

21/10/2024 - Neva SGR is pleased to announce that Cool Planet Technologies, a company in the Neva First Fund portfolio operating in the Climate Tech sector, has closed its €23.7 million Series A2 investment round.

Neva SGR participated in the round together with industrial investors, further validating the appeal of Cool Planet’s compact, low-energy and low-cost membrane-based carbon capture solution.

This funding will advance Cool Planet’s ambition of becoming a leading provider of highly efficient point source carbon capture solutions for industrial emissions and will also enable the Company to complete the demonstration of its technology at scale whilst accelerating commercial deployment, including the construction of a membrane manufacturing facility.

Press release

Skydweller takes another major step towards the ambitious goal of revolutionizing the industry by flying continuously powered by solar energy.

During its latest test, the revolutionary aircraft, featuring a 72-meter wingspan, completed a 22.55-hour uncrewed flight.

Dr. Robert Miller, Chief Executive Officer and co-founder of Skydweller Aero, said: “This flight test campaign is an important achievement and validates our business vision, marking a new era in autonomous aviation. Skydweller Aero is redefining what is possible in the aerospace industry, and the data gathered that validates our models for multi-day fights is a testament to our team’s dedication and innovation. We are excited to continue pushing the boundaries of what uncrewed solar-powered aircraft can achieve and will continue on with our mission to bring perpetual flight to the world.”

Press Release

14/10/2024 - We are proud to announce that D-Orbit, a portfolio company of the Neva First and Neva First Italia Funds, has signed a significant contract worth €119.6 million with the European Space Agency (ESA) for the development and implementation of the new GEA satellite platform, designed to perform life extension, transfer, and repair operations in geostationary orbit.

This initiative, supported by the Italian government and numerous other space agencies and governments, paves the way for Europe's commercial in-orbit servicing capabilities.

With D-Orbit, Neva is investing in the growth of the next-generation space industry.

Press Release

09/10/2024 - Neva SGR is thrilled to announce that xFarm, a company in the portfolio of Neva First and Neva First Italia Funds, has completed its 36 million euro Series C investment round. 

xFarm supports the work of 450,000 farms belonging to more than 100 supply chains on more than 7 million hectares worldwide through its xFarm digital platform, a Farm Management Information System (FMIS).

The funding will enable xFarm to accelerate its expansion in Europe, Turkey, Latin America, India and the United States by improving its services and providing more support for the implementation of Regenerative Agriculture through models based on Artificial Intelligence technologies for data analysis.

Press Release

18.09.2024 - The event "The New Challenge: From Neva First to Neva II" in Turin attracted over 500 participants, including investors, entrepreneurs, companies, experts, and national and international venture capitalists.

It was an opportunity to present the results achieved by the Neva First fund, including the completion of its investment portfolio and the first capital distribution to its investors, made possible by the exit of Cyberint, which was acquired by global cybersecurity leader Check Point.

Additionally, the launch of the new Neva II and Neva II Italia funds was announced.

Together we can invest in the development and growth of new technological platforms in key sectors of the economy and society, with the aim of actively participating in the solution of major global problems and the consequent generation of value.

Press Release

18/07/2024 - The President talks about Neva SGR's approach and announces the event on 18 September, in Turin, at the Officine Grandi Riparazioni, in which important results, growth prospects and future projects will be illustrated.

It will be an opportunity to listen to representatives of some of the portfolio companies who will illustrate the progress of important projects in key sectors such as information technology, cybersecurity, aerospace, new energy solutions and agri-foodtech and important insights into the life sciences will be offered.

News

10/06/2024 – Neva SGR announces its investment in BetaGlue Therapeutics, an Italian clinical-stage radiotherapy company developing novel products for the treatment of certain types of solid cancers. Betaglue has an international team with proven track record in scaling medical device technologies. Neva SGR is once again supporting companies that address major global challenges, particularly in the life sciences sector. By funding a clinical-stage company like BetaGlue, we contribute to the battle against cancer.

Press release

10/04/2024 - Neva SGR congratulates Tr1X, a company in the portfolio of Neva First Fund, on obtaining FDA clearance for an investigational new drug (IND) for TRX103, the first allogeneic engineered Tr1 regulatory T cell therapy to enter clinical trials. Tr1X focuses on studying and developing treatments for autoimmune diseases by engineering specific regulatory cells. Neva SGR is proud to contribute to this important endeavor.

Press Release

Yestarday, Feb. 15, 2024, the Italian Investment Council - Remind was held in Rome to promote collaboration between the public and private sectors for economic, social and safe growth in Italy. Mario Costantini, CEO and General Manager of Neva SGR, spoke as part of the panel dedicated to the Global Market.  "As a venture capital company of the Intesa Sanpaolo Group," he said, "Neva SGR invests globally in highly innovative companies and startups that aim to solve the great challenges of our time. We focus both on Italian companies with expansion plans abroad and international companies with development plans in Italy, with the aim of creating positive socioeconomic impacts for our country. Great challenges require talent and capital, and we are proving that we can attract both, as our portfolio shows. Venture capital, when used as a tool to invest in ambitious projects, can be the source for the development of the new economy. Neva SGR, with the launch of two new €500 million funds, wants to be part of this by doubling its commitment and impact." 

01/02/2024 - Neva SGR is excited to announce its investment in NeoPhore, a UK-based life sciences company, which is developing a pipeline of small molecule drugs targeting novel proteins across the DNA mismatch repair ('MMR') pathway to generate next-generation immuno-oncology therapeutics to improve clinical outcomes for cancer patients. The company announced an extension of its Series B round of £9.6 million (approximately USD $12.2 million). This extension brings the total raised in Series B financing to £31.1m (approx. USD $39.5m).

The additional Series B funding will be used to progress NeoPhore’s lead oral program, through early pre-clinical development. 

Press Release

11/01/2024 - Neva SGR is proud to announce a significant milestone for D-Orbit, a standout in its portfolio and a symbol of Italian innovation: the successful completion of an impressive €100 million Series C funding round. The round, led by Marubeni Corporation, a powerhouse in the Japanese industrial sector, bolsters D-Orbit’s position as a leader in the space logistics sector and will enable the company to substantially expand its services. This expansion will focus on cutting-edge areas such as in-orbit satellite maintenance and space-based cloud computing. Furthermore, this financial boost is essential for enhancing D-Orbit’s operational capabilities in the United States, Europe, and the United Kingdom.

Press Release

On last September 13, 2023, Neva SGR hosted the
"Neva First Fund: Route to Growth 23" event at the OGR offices in Turin.

More than 260 people attended the event, with a huge participation from Corporations, Portfolio Companies and Intesa Sanpaolo Group representatives.

The intensive days of work at the event resulted in multiple networking meetings and creation of business opportunities between start-ups, client companies and Intesa Sanpaolo.

We thank all the participants who took part in the event.

08/08/2023 - The Neva First Italia Fund, launched in November 2021, completed on 30 June, 2023 its investment period, ahead of the closing date scheduled for August 2025.

The Fund, subscribed by Neva SGR and Fondo di Fondi VenturItaly and Fondo di Co-Investimento MiSE, and fully managed by CDP Venture Capital SGR and dedicated to highly innovative Italian startups, made a total of 7 million euros of investments in 9 startups, favoring the total collection by the 9 Italian startups of over 160 million euros, 33 of which coming from the Neva First Fund, Neva SGR's vehicle for investments at a global level.

Press Release

21/07/2023 - Neva SGR congratulates Energy Dome, a company in the portfolio of the Neva First and Neva First Italia Funds, which has announced the completion of the close of its second tranche of Series B funding, bringing the overall round to a total of EUR 55m (USD 60m).

Investors who participated in the Series B funding round, either in the first or second tranche, are: EniNext, NevaSGR, Japan Energy Fund, Barclays’ Sustainable Impact Capital, CDP Venture Capital, 360 Capital Partners, Novum Capital Partners, Gruppo Brixia, Elemental Excelerator, Innovation Development Oman (IDO) Investments, Vopak Ventures, and other investors represented by Sagana.

Press Release

03/03/2023 – Neva SGR is excited about its investment in Caracol, a leading Italian company in large-scale industrial 3D printing. Neva SGR continues to invest in Italy and particularly in a sector that has always been central to the Italian economy: the manufacturing Industry 4.0. The investment in Caracol and in its technology goes in the direction of rewarding Italian excellence ready to scale  international markets, with regard to sustainability and the circular economy.

Press Release

Neva SGR presents the entrepreneurs of some of its important portfolio companies, which bring an innovative drive to their sector with the ambition to be protagonists, growing exponentially and with a global reach. The word to David Rutter, CEO & Co-founder for R3 and to Dror Liwer, Co-founder & Chief security officer for Coro.

Click here to watch the video

Neva presents the experiences of those who have lived venture capital for dozens of years in Europe, Israel and Silicon Valley, where technology is transformed into profit and economic value.

An impetus for European entrepreneurs to think and act globally, the energy of those in Israel in wanting to create something revolutionary, and finally Silicon Valley, where the best innovations, the ones that solve real problems, are born in a garage and commercialized. Right down to recognizing in the current turmoil an opportunity for funds and investors.

Click here to watch the video

On September 14, 2022, Neva hosted in Turin more than 500 participants including venture capitalists, institutional and private investors, experts, entrepreneurs and start-ups from all over Italy and several other countries, primarily the United States and Israel.

It was an opportunity to tell about the work that led to investments in 26 companies with a total allocated amount of about 150 million euros since 2020, the results achieved by the fundraising of our funds for 250 million for investments in innovative realities, and the plans for a new even greater sized fund planned for 2024.

We thank all participants and are pleased to share some of the contents of the event: video of the event

29/09/2022 – Neva SGR is pleased to announce the investment in Cool Planet Technologies, a company that has developed a technology with the potential to respond effectively and quickly to the capture of CO2 in various industrial sectors. This is a concrete investment of the Neva First Fund in accordance with the industrial transition towards ESG principles.

Press Release

14/09/2022 – Neva SGR announces its investment in Tr1X company which studies and develops cures for autoimmune diseases through the engineering of particular stem cells. Tr1X is an example of how Italian researchers can help revolutionize the pharmaceutical industry and change the future of our lives for the better, in a sector that contributes significantly to the Italian economy. We are proud to contribute to this great challenge, together with leading international investors in life science and to have Tr1x among the companies in our Portfolio.

Press Release

05/08/2022 – Neva SGR is pleased to announce the investment in xFarm Technologies, a tech company already present in Switzerland, Italy and Spain. xFarm supports and simplifies the work of 110,000 farms in over 100 countries around the world through its digital platform.

xFarm combines the aspects of digital transformation with the transition of agri-food industry towards more sustainable models, in line with ESG principles. These elements are becoming more and more important for the economy of the future.

Press Release

27/07/2022 - Neva SGR, an Intesa Sanpaolo Group company controlled 100% by the Intesa Sanpaolo Innovation Center, has, through its Neva First Fund, finalised two investments in BetaGlue Technologies and Casavo, highly innovative companies that operate respectively in life sciences and PropTech.

Press Release

19/07/2022 – Neva SGR is enthusiastic to announce the first investment of the Neva First Italia Fund in BetaGlue Technologies, an Italian excellence.

Neva is rewarding an Italian excellence operating in the Life Science industry, a field with high economic and social impact. In addition to improving people's quality of life, BetaGlue Technologies will be able to generate important returns for the investors.

News

Il presidente di Neva, Sgr di Intesa Sanpaolo, svela le ultime operazioni in società innovative (Cyberint e Coro) e il prossimo vertice sulla finanza delle startup.

NEWS

Fonte: Corriere Torino

21/06/2022 – Neva SGR is happy to announce the investment in Cyberint, a cyber security company that has developed a Digital Risk Protection solution, Threat Intelligence and Attack Surface Monitoring to protect companies from cyber threats by giving them ample visibility into their exposure to external risks.

Neva has evaluated Cyberint’s technical and service components with the Cyber Security department of the Intesa Sanpaolo Group, which recognizes the very high potential of the solution. We believe that Cyberint can be an important player in the European market.

Press Release

20 million euros invested in the first six months of this year in Israeli companies that are shaping the future

News

Source: milanofinanza.it

23/05/2022 - NEVA SGR congratulates on the results achieved by the portfolio company MODIFI, a Fintech player that supports SMEs in financing and managing their international trades. From Bangladesh and other Asian countries to North America and Europe, MODIFI is increasingly appreciated worldwide by offering a win-win solution for both exporters and buyers through its fully digital platform.

News

05/05/2022 – Neva participates in the follow-on investment in vFunction. vFunction is the first and only solution built to automatically and rapidly transform monolithic apps into microservices at scale.

We decided to invest in vFunction thanks to the validation of the Intesa Sanpaolo Group on the distinctiveness and value of the technology.

vFunction is a highly innovative solution that supports and facilitates the Corporation’s cloud strategy by accelerating the transformation and modernization of applications.

vFunction Website

01/02/2022 - Congratulations to the team V-Nova the MPEG-5 LCEVC (LCEVC) codec enhancement (ISO/IEC 23094-2) has been selected by the Brazilian SBTVD Forum for adoption in its next generation broadcast television system.

News

08/12/2021 - We are delighted to announce our investment in Pontoro, a financial technology company focused on transforming infrastructure financing.

The Company is targeting to disrupt the traditional infrastructure financing industry bringing connectivity between originators and institutional investors, using blockchain, to facilitate high-velocity distribution of infrastructure debt. Thanks to tokenization and securitization of real-world assets, the technology allows to create diverse pools of assets to be curated and accessed securely by a far greater spectrum of accredited investors at a much greater velocity, increasing liquidity and pricing transparency.

With this investment, Neva First Fund strengthens its position in the fintech space.

Press Release

Intesa si fa private e investe negli aerei di Skydweller che volano senza equipaggio - corriere.it

News

14/9/2021 - Neva SGR is excited to announce their investment in MODIFI, a company that has already proven to have raised funds from investors and industry partners around the world in a very short time and that we believe has the potential to become a billion euro company.

MODIFI is a global fintech that has developed a digital platform to help small and medium-sized businesses (SMEs) finance and manage their international trades. They have 9 offices in Asia, Europe and North America, and are serving over 1,000 importers and exporters in more than 40 countries worldwide.

We are excited to partner with MODIFI and help them grow even further! 

Press Release

26/7/2021 - Neva SGR is proud to announce the investment in V-Nova Ltd., a Deeptech company, with Italian roots that operates in the compression of video and image data streaming. V-Nova Ltd. has developed highly innovative solutions such as LCEVC and VC-6 that will be crucial for the future of video streaming and that will help reduce the impact on the environment in a more sustainable way.

For Neva SGR, the investment in V-Nova Ltd. combines three fundamental elements: investing in companies that can guarantee a very high return for our subscribers, supporting companies with a high technological and innovative content and doing so with a view to environmental sustainability.

Press Release

10/2/2021 - We are proud to announce CRIF investment in the Neva First fund. The entry of CRIF represents a strategic added value for Neva, enriching the know-how and network of relationships to the benefit of the companies in the portfolio and all the subscribers of the fund.

We invest in entrepreneurs who aim to become protagonists of global markets.

Press Release