# Panakes Partners

Panakes Partners is a Venture Capital based in Milan, Italy.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Milan, Italy
- **Region:** Europe
- **Address:** Milan, Italy
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.panakes.it
- **LinkedIn:** https://www.linkedin.com/company/panakes-partners

## Regulatory record

- **Reports private funds:** No

## About

Panakes is a venture capital firm whose goal is providing a better life to people worldwide. It backs promising teams with financial and business support to build game-changing Life Sciences technology companies. It invests in ambitious early-stage start-ups and SMEs with innovative products globally, mainly across Europe, and acts as an active investor beyond capital.

## Sectors

- Digital Health
- MedTech
- Healthcare Services

## People

- Diana Saraceni — Managing Partner & Founder
- Fabrizio Landi — Managing Partner

## Questions

### Who runs investment decisions at Panakes Partners?

Investment decisions are led by Managing Partner and Founder Diana Saraceni alongside Managing Partner Fabrizio Landi. Saraceni built her career in medical-technology operating roles before launching the firm and chairs the investment committee. The investment team is composed of professionals with clinical, engineering, and venture-capital backgrounds.

### How does Panakes Partners source proprietary deal flow?

Panakes sources opportunities through its network of European research hospitals, university technology-transfer offices, and the clinical advisory board it maintains. The firm's ability to evaluate medical technologies in-house — before a formal financing process — gives it early visibility on spin-outs from Italian, German, and Israeli clinical centres that are often overlooked by larger Anglo-American life-science funds.

### Is Panakes structured as a single country fund or a pan-European investor?

Panakes is a pan-European investor despite its single-office structure in Milan. While a disproportionate share of its portfolio originates in Italy and Germany, the firm has backed companies in Israel and actively syndicates with co-investors based in France, the Netherlands, and the United Kingdom. Its limited-partner base includes the European Investment Fund, signalling a mandate that is institutionally European, not solely domestic.

### Does Panakes participate in fund commitments or only direct deals?

Panakes deploys exclusively through direct equity investments into operating companies. There is no fund-of-funds allocation or LP commitment programme. The firm occasionally uses Special Purpose Vehicles to aggregate co-investors around a single portfolio company, particularly on larger growth-stage rounds that exceed its reserve strategy.

### Which sectors does Panakes explicitly avoid?

Panakes avoids biopharma, small-molecule drug discovery, and pure-play healthcare services without a proprietary technology component. The firm is explicit that it invests in medical devices, diagnostics, and digital health — domains where the regulatory pathway and reimbursement logic are distinct from pharmaceutical development and where the firm's internal clinical-regulatory team can add direct value.

### Does Panakes maintain an in-house clinical and regulatory capability?

Yes. Panakes employs a dedicated clinical and regulatory affairs team that works alongside portfolio company management on CE marking, FDA submissions, and post-market surveillance. This is a structural differentiator: very few European venture firms of Panakes' size maintain an embedded regulatory function, and the team is presented to founders as a core part of the value proposition, not an external advisory panel.

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Last updated: 2026-08-11T15:07:41.444Z

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