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The Venture Codex

Open Venture

Via Contardo Ferrini, 13, Milano, Lombardia, Italy

Overview

Supports early stage B2B start-ups with high innovation content.

Deals · 12mo

2

Links

Website

Stage focus

Seed

Geographic focus

Italy

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
Ogyre
Dec 2025Participated
$4 MOther Equity
Poleepo
Oct 2025Led
$1 MOther Equity
AlterEco Pulp
Aug 2025Participated
$4 MSeed
Quindi
Dec 2024Led
$0.61 MSeed
Latitudo40
Jul 2024Led
$0.76 MSeed
Ogyre
Dec 2025Participated
$4 MOther Equity
Poleepo
Oct 2025Led
$1 MOther Equity
AlterEco Pulp
Aug 2025Participated
$4 MSeed
Quindi
Dec 2024Led
$0.61 MSeed
Latitudo40
Jul 2024Led
$0.76 MSeed
5
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Insights

Time horizon

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Deal Distribution

Open Venture: 5 funding rounds are recorded in the selected participation categories.All available history.
Open Venture: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Other Equity11

Monthly Deal Activity

Open Venture: 5 deals are recorded across 28 months.All available history.
Open Venture: 5 deals are recorded across 28 months. All available history
MonthDeals
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Open Venture: Clean Energy & Sustainability is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Open Venture: Clean Energy & Sustainability is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Clean Energy & Sustainability3
Networks, Cloud & Communication2
Manufacturing2
Professional Services2
Hardware & Robotics1
Enterprise Software1
Food & Agriculture1
AI & Machine Learning1
Real Estate & Construction1
Transportation & Logistics1
Consumer & Lifestyle1

Deal Size Distribution

Open Venture: 5 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Open Venture: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Open Venture: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Open Venture: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
Open Venture: 10 co-investors are shown, with Azimut Libera Impresa SGR sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Open Venture: 10 co-investors are shown, with Azimut Libera Impresa SGR sharing 1 recorded deals. All available history
Co-investorShared deals
Azimut Libera Impresa SGR1
CDP Venture Capital1
Climate-KIC1
Cr%C3%A9dit%20Agricole%20Italia1
Crif1
ELIS Group1
EUREKA! Venture SGR1
Octopus SS1
Startup Wise Guys1
Vertis SGR1

Investment Strategy

Open Venture: Led accounts for 60% and participating for 40% of round participation.All available history.
Open Venture: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led360%
Participating240%
Open Venture: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Open Venture: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Fulvio Andriolo

CEO

Louis Bellet

Co-Founder and Venture partner

Virginia Filippi

President