The Venture Codex Logo

The Venture Codex

BPER Banca

Via San Carlo 8/20, Modena, Emilia-Romagna, 41121, Italy

Overview

BPER Banca provides corporate and investment banking, private banking and wealth management, and financial products and services to individuals, and small and medium enterprises in Italy and internationally. It operates through Retail, Private, Corporate, Large Corporate, Finance, Corporate Centre, and Other Activities segments. BPER Banca offers deposits, loans, leasing and factoring services, guarantees, insurance policies, investment products, and consumer credit and payment card products; engages in treasury activities; and manages investment portfolio. It operated through a network of 1,218 branches located in 18 regions in Italy, as well as a branch office in the Grand Duchy of Luxembourg as of December 31, 2017. Banca Popolare dell'Emilia Romagna that began operation in 1867 later became BPER Banca. It has its headquarters in Modena in Italy.

Total investments
4
Lead investments
2
Investments · 12mo
2
Active investors
2

Sector focus

  • Banking
  • Finance
  • Financial Services
  • Payments
  • Personal Finance
Visit website

Investment portfolio

  • Bending Spoons

    Led · Debt Financing · Jul 2026

    Bending Spoons follows an acquisition-led strategy and focuses capital allocation primarily on acquiring and improving digital businesses. The company works to enhance acquired businesses’ operations, technology, product development, marketing and monetization and says acquisitions have been its primary focus for more than a decade. Its portfolio includes assets such as AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo and WeTransfer. As of March 2026, Bending Spoons served more than 500 million monthly active users and had over nine million monthly paying customers. The company said it has never sold a material business and aims to maximize long-term value per share through disciplined deployment of capital, primarily via acquisitions.

  • Massima Energia

    Participated · Debt Financing · Jan 2026

    Founded in January 2021 by Andrea Manfredi, Massima Energia has built a “customer-centric AI platform” that unifies electricity, gas, mobile connectivity, internet and ancillary services in a single digital environment. The technology is offered directly to roughly 10,000 retail customers and as a white-label solution to utilities, banks, insurers and large retailers, positioning traditional energy suppliers as partners rather than competitors. The company emphasizes data-driven user experiences, high service transparency and holds a Trustpilot rating of 4.6/5. New capital will be used to expand its patent portfolio, enhance profiling algorithms, and accelerate both B2C acquisition and B2B wholesale deployments. Ownership remains founder-controlled: Do It Now spa (linked to Manfredi) retains 79.26%, while institutional, ecosystem and VC backers hold minority stakes. Financially, Massima Energia has just secured a financing package exceeding €10 million that blends equity and venture debt to support its next growth phase.

  • Galvanina

    Participated · Equity · Aug 2025

    Galvanina is a historic Italian producer of mineral waters and premium soft drinks with a pronounced export orientation. Since its 2019 acquisition by Riverside Europe, the company has virtually doubled its turnover compared with 2019, strengthening its position in the premium beverage segment. Management plans to accelerate international expansion in North America and Europe and to pursue investments in sustainability, product innovation, and industrial projects aimed at efficiency and reduced environmental impact. The company highlights long-standing relationships with leading international retailers and describes its business model as resilient despite pandemic, inflationary, tariff, and exchange-rate challenges. Galvanina emphasizes ESG commitments, incorporating sustainability-linked benefits into its financing arrangements. Riverside Europe is cited as a supportive shareholder as the group pursues further international growth.

  • 3Sun

    Led · Equity · Jan 2024

    3Sun manufactures solar modules and is a subsidiary of the Italian utility Enel. The company is building a heterojunction (HJT) module assembly plant in Sicily, Italy. The plant currently has a 200 MW annual nameplate capacity of bifacial modules and is expected to expand to 3 GW of annual capacity by the end of 2024. 3Sun secured a large financing package to support the HJT manufacturing expansion. The financing includes loans and credit facilities and is supported by European and Italian public and private lenders. The project also benefits from a VAT credit of €85 million. Details on job creation were not provided in the articles but are widely expected to be around 300.

Team

  • Maurice Lisi

    Head of Direct Channels

    LinkedIn
  • Gabriele Carboni

    Consultant for International Digital Strategies

    LinkedIn