Principia SGR

Principia SGR is an Italian venture capital firm established in 2002, managing over EUR 80 million in assets. The firm focuses on early-stage investments in small and mid-sized technology companies, primarily within Italy. Principia operates two funds that target digital startups and expansion capital opportunities, with a particular interest in seed investments in select cases.

Michele Costabile

Managing Director

Past deals in Italy

CrestOptics

Venture Round in 2018
CrestOptics is a company specializing in the development and manufacture of advanced systems for fluorescence microscopy. Based in Rome, Italy, it leverages the expertise of its team, which has extensive experience in scientific research, industrial design, and electrooptical systems. The company focuses on creating state-of-the-art instruments that enhance the capabilities of researchers and industries engaged in fluorescence microscopy and spectroscopy. CrestOptics is known for its commitment to innovation, working on collaborative research projects with renowned institutions, such as CNR – FISBAT, to advance technologies for live cell imaging and laser-activated experiments. By combining optical and electrooptical technology with tailored services, CrestOptics provides solutions that improve sensitivity, image quality, and clarity, meeting the evolving demands of the scientific community.

DoveConviene

Series C in 2015
DoveConviene S.R.L. designs and develops a digital platform which helps people to shop by saving money through offers and leaflets presented georeferenced manner. The company was founded in 2010 and is based in Sestu, Italy. The startup trades under the brand DoveConviene in Italy and ShopFully in the U.S., as well as various other names in Spain, Brazil, Mexico and Indonesia (TechCrunch).

Tacatì

Seed Round in 2013
Tacatì s.r.l. is an online grocery shopping platform based in Asti, Italy, established in 2012 by Giulia Valente and Stefano Cravero. The company enables customers to purchase groceries online, focusing on the delivery of local organic products to various locations, including homes and offices. Customers have the flexibility to pay for their orders either online or upon delivery.

Affaredelgiorno

Venture Round in 2013
Affaredelgiorno is a company that specializes in offering online discount coupons for a variety of food and non-food products. Founded in 2013 by Antonio Folino, the company operates from its headquarters in Italy. Affaredelgiorno aims to provide customers with savings opportunities while enhancing their shopping experience through accessible and user-friendly online platforms.

D-Share

Venture Round in 2013
D-Share is an international company specializing in digital publishing and media. It combines technological expertise and extensive knowledge of the publishing industry to assist clients in developing innovative business models leveraging next-generation technologies. D-Share offers comprehensive, end-to-end solutions that enhance user experience and facilitate the creation and distribution of digital content. With offices in Italy and the United States, the company provides publishers and media businesses with robust software and services designed to monetize and distribute digital content effectively across various platforms, including tablets, mobile devices, and web applications.

DoveConviene

Series A in 2013
DoveConviene S.R.L. designs and develops a digital platform which helps people to shop by saving money through offers and leaflets presented georeferenced manner. The company was founded in 2010 and is based in Sestu, Italy. The startup trades under the brand DoveConviene in Italy and ShopFully in the U.S., as well as various other names in Spain, Brazil, Mexico and Indonesia (TechCrunch).

Bangbite

Venture Round in 2013
Bangbite S.r.l. offers online soccer management games. It provides OFootball, website and mobile phone application game about management of a virtual football team. The company was founded in 2009 and is based in Sassari, Italy.

Itsworld Sicilia

Venture Round in 2012
Itsworld Sicilia operates digital system that monitors photovoltaic facilities. The company is based in Milan, Italy.

4w MarketPlace

Venture Round in 2012
4w MarketPlace srl is a leading online advertising network in the Italian digital market, established in 2008 and headquartered in Milan. The company connects over 12,000 publishers with more than 500 prestigious websites and mobile platforms, achieving a reach of 70% and generating over 7 billion monthly impressions. It provides advertisers access to a qualified audience through a comprehensive range of advertising formats, including native ads, video, and display, tailored for desktop, tablet, and smartphone environments. Utilizing a proprietary suite that integrates advanced technologies, 4w MarketPlace manages both reserved and programmatic advertising solutions. Since 2009, it has held exclusive management of advertising spaces on websites affiliated with the Premium Publisher Network, a consortium founded by prominent media groups.

CityNews

Series A in 2011
CityNews operates a network of local newspaper sites and an online platform that delivers news and information across Italian provinces. The platform publishes daily editions accessible on the web from any device, serving readers and local communities by providing timely local news and knowledge. The network is active in nine cities with plans to expand to thirty principal Italian cities and attracts about 1.4 million visits per month.

Kee Square

Venture Round in 2008
Kee Square S.r.l., based in Milano, Italy, specializes in the design and development of advanced techniques for video and audio signal processing. The company focuses on biometric identification and tracking, as well as the detection of hazardous events and security applications. Its product lineup includes Morpheus AC, which provides physical access protection through facial analysis; Morpheus PC, aimed at securing logical access to workstations via video camera facial recognition; Morpheus SDK, a software development kit for building and comparing biometric templates; and Morpheus ICAO, which evaluates facial images to ensure compliance with specific requirements. Kee Square caters primarily to law enforcement and commercial markets, offering tailored solutions to meet their unique security needs.

Correlec

Venture Round in 2006
Correlec engages in searching, extracting, updating, and classifying data originating from various sources and grouping it into logical categories. The company is headquartered in Legnano, Italy.

Dialectica

Series A in 2006
Dialectica is a biotechnological company that produces neuronal cellular models. The company was founded in 2004 and is based in Milan, Italy.
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