The Venture Codex Logo

The Venture Codex

Azimut

Via Cusani 4, Milano, Lombardia, 20121, Italy

Overview

Azimut Holding is an independent financial company that offers investment solutions to develop excellent levels of experience. The company's business model is based on the vertical integration between asset management and distribution. It has portfolio managers and analysts based in major hubs around the world and a network of client-facing financial advisors operating to deliver quality advice to clients. Azimut Holding was founded on 1989 and is headquartered in Milan, Italy.

Total investments
24
Lead investments
9
Investments · 12mo
8
Active investors
4

Sector focus

  • Asset Management
  • Banking
  • Consulting
  • Financial Services
  • Impact Investing
Visit website

Investment portfolio

  • Young Platform

    Led · Equity · Jul 2026

    Young Platform (part of Young Group) operates a crypto exchange and, via its integration with Fleap, offers tokenization of financial instruments and real assets. The group formed a holding, Young Group S.p.A., to bring Young Platform and Fleap together and pursue a unified infrastructure where crypto, banking services and tokenized assets coexist. Management says the company has reduced losses progressively since 2022 and reached 2025 near break-even, though not yet strongly profitable. The company employs about 40 people directly (31 within Young Platform) and roughly 50 including indirect collaborators. Young Group holds a broad MiCAR-related authorization allowing it to offer eight of ten crypto-asset services under the European framework. The stated plans include expanding Fleap's market presence in Italy and Europe, pursuing organic growth and potential acquisitions, and using the newly raised capital to support those initiatives.

  • Subbyx

    Participated · Series A · Mar 2026

    Subbyx is an Italian startup operating in the subscription economy that lets consumers subscribe without usage constraints to technological products, personal care devices, and new or refurbished household appliances. The company offers access to both new and refurbished devices under its subscription model. Public reporting about the company highlights a recent €15 million financing round. TARGET is noted as having assisted Subbyx in that round and having supported the firm's earlier pre-seed financing. The available article does not provide revenue, user metrics, or specific product roadmap details. No information on valuation or detailed use of funds was disclosed in the coverage.

  • Dronus

    Participated · Equity · Mar 2026

    Dronus designs, produces and deploys systems aerei a pilotaggio remoto (remote-piloted aerial systems) centered on its patented Nest drone-in-a-box, a suspended aerial base that automates takeoff, landing and battery recharge for autonomous, repeatable missions. The Nest approach treats each base as a replicable node to create distributed airborne infrastructure for continuous inspections and monitoring across industrial sites, logistics, smart-city and oil & gas applications. The platform is engineered for 24/7 BVLOS operation, leverages AI and precision optical cameras, and includes drone models with ATEX certification and an attestato di inoffensività for safer urban operations. Dronus was founded in 2018, is headquartered in Trieste and has a multidisciplinary team of over 30 people. The company has partnerships with Eni and Qualcomm and is running deployments including a monitoring initiative in Singapore with HTX and a 5G Smart Factory trial with Ericsson in the U.S. The recent €15 million raise will fund completion of Nest’s development, new AI features and the scaling of the platform’s data-management and transmission capabilities to support international expansion and deeper industrial adoption.

  • ISAAC

    Participated · Equity · Mar 2026

    ISAAC, founded in 2018 out of Politecnico di Milano, builds proprietary active mass damper systems that shield existing structures from seismic events without halting building operations. Its smart, non-invasive devices are already deployed in hundreds of strategic sites across Italy, including the San Martino Polyclinic Hospital and the Port of Genoa Control Tower. The company manages the full lifecycle of its solution—from design and installation to continuous monitoring—through standardised, replicable processes. In 2025 it generated approximately €9 million in turnover, reflecting early commercial traction in the structural-safety market. ISAAC has recently upgraded its Electro-Pro 45x control system to boost performance, reliability and integration with existing infrastructure. With new funding, the firm intends to accelerate technology development, hire additional talent and pursue market expansion, aiming to make urban environments safer and more earthquake-resilient.

  • D-Orbit

    Led · Series D · Jan 2026

    D-Orbit leverages its experience with flown orbital transfer vehicles to offer managed orbital logistics services, including last-mile payload delivery, orbital transfer and hosted services on a subscription basis. The company is pursuing a Deorbit-as-a-Service (DaaS) model intended to let customers define mission objectives while D-Orbit provides the vehicle and operations, aiming to reduce time and cost compared with buying dedicated hardware. Through the DIU/SDA award, D-Orbit Space will demonstrate rendezvous, docking and other on-orbit capabilities that could enable refueling, repair, inspection and repositioning missions in low Earth orbit. For the DaaS demonstration D-Orbit Space will lead the effort with partners TransAstra and Falcon Exodynamics. The company positions the service model as scalable and resilient to meet repeated government mission demands.

Team