Private Equity

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NovaCapital

NovaCapital is a holding company led by entrepreneurs and managers. It invests in the combination of entrepreneurs and innovation, supporting startups from...

NovaCapital logo

NovaCapital

NovaCapital is a holding company led by entrepreneurs and managers. It invests in the combination of entrepreneurs and innovation, supporting startups from seed to IPO and established companies with growth capital. It operates like a venture capital and private equity firm but with a long-term vision and without time constraints.

General information

Firm type

Private Equity

Location

Region

Europe

Country

Italy

City

Milano

Corporate office

Milano, Italy

Principals

Paolo Merloni — Chairman of the Board

Carlo Germano Ravina — Managing Director Board Member

Matteo Colombo — Managing Director Pragma Invest – Board Member

Simone Sarachini — Board Member

Francesco Randazzo — Associate

Marco Costantini — Associate

Lorenzo Meneghini — Analyst

Carla Archinà — Administration Senior Specialist

Sara Siro — Office Manager

Sector focus

BioTechGreentech & RenewablesDigital HealthFinTechDeepTechSpaceTechPropTechAI/ML

Frequently asked questions

How is NovaCapital structured differently from a typical closed-end venture or buyout fund?

NovaCapital operates as a holding company with permanent capital, not as a blind-pool fund with a fixed ten-year life. Because it does not raise third-party limited-partner commitments, it faces no forced exit timelines. The firm states it can hold portfolio companies indefinitely, aiming to back entrepreneurs 'from seed to IPO' without the time constraints that define traditional private-equity vehicles.

Does NovaCapital invest its own balance sheet or does it manage third-party capital?

NovaCapital describes itself as a holding company guided by entrepreneurs and managers, implying its investments are funded from its own permanent capital base. The firm has made no public disclosure of external fund vehicles or third-party limited partners. Its website frames the strategy as one of enduring ownership rather than asset management for outside investors.

Which sectors does NovaCapital target?

The firm highlights seven sector focuses on its website: Bio-Tech, Green-Tech, Health-Tech, Fin-Tech, Deep-Tech, New Space and Smart Urban Development. It seeks what it calls '10x innovations' — technologies or business models that represent a step-change improvement over current solutions. Those commitments span both early-stage start-ups and later-stage growth companies.

What is NovaCapital's geographic scope?

NovaCapital invests in Europe and the United States. Its website references the two regions explicitly and notes that the firm brings international managerial experience and a cross-border network to portfolio companies. No breakdown of allocation by region is publicly available.

Does NovaCapital participate in early-stage rounds, or is it exclusively a growth-stage investor?

NovaCapital's mandate covers the full spectrum from seed-stage start-ups to established companies seeking expansion capital. The firm says it supports entrepreneurs 'from seed to IPO,' applying a venture-capital attitude to early-stage innovation while also providing growth equity to more mature businesses. Its permanent balance sheet allows it to stay invested across multiple phases of a company's lifecycle.

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