# H-Farm

H-Farm is a Private Equity based in Albany, Italy.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Albany, Italy
- **Region:** Europe
- **Address:** Roncade, Veneto, Italy
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.h-farm.com
- **LinkedIn:** https://www.linkedin.com/company/h-farm
- **Wikidata:** Q48607048

## About

H-FARM is a venture builder that creates innovation ecosystems spanning education, startups, consulting, research, health and sport. It operates a major innovation campus near Venice, described as the most futuristic campus in Italy and the largest innovation hub in Europe. The firm was founded to spread innovation culture for positive social impact and is building an ecosystem expected to bring together over 10,000 people by 2030.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- AgriTech & FoodTech
- Education
- Robotics & Automation
- FinTech

## People

- Riccardo Donadon — Founder & Chairman

## Questions

### How does H-Farm source deal flow compared to other European venture firms?

H-Farm's sourcing model is campus-driven rather than network-only. The physical campus in Roncade hosts corporate accelerator cohorts, an international school, and co-working for portfolio companies, creating a proprietary collision density between founders, corporate innovation teams, and students that conventional GP office models do not replicate. The firm also runs an open-application process for its venture programs, evaluating over 1,500 startups annually according to its own public disclosures.

### What is the relationship between the publicly traded H-Farm entity and the venture funds?

H-Farm S.p.A. is listed on the Euronext Growth Milan segment (formerly AIM Italia) and consolidates the venture investment activity alongside the education, corporate innovation, and campus operations into one reporting entity. This means the venture portfolio's carrying values flow through public quarterly filings. Founder Riccardo Donadon retains a controlling shareholding, so the governance is still founder-led despite the listed structure.

### Does H-Farm participate in follow-on funding rounds or only initial seed checks?

H-Farm can and does follow-on into portfolio companies through later rounds, though the primary mandate targets initial seed and Series A tickets. The firm's own fund documents indicate it reserves a portion of capital for pro-rata participation as companies mature, and several portfolio assets, including Depop prior to its Etsy acquisition, received multiple rounds of H-Farm support.

### How is the H-Farm International School separated structurally from the venture arm?

The school operates as a wholly owned subsidiary of the listed parent, H-Farm S.p.A., with its own management and teaching faculty, and it generates independent tuition-based revenue. There is no shared balance sheet between school operations and venture fund vehicles, but the consolidated reporting means that campus and education-revenue performance directly affects the public entity's P&L alongside venture returns.

## Related profiles

- [HFA Capital](https://altss.com/profile/hfa-capital)
- [HFPX](https://altss.com/profile/hfpx)

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Last updated: 2026-08-11T15:06:57.816Z

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