CDP Equity InvestEU Fund Guarantee Agreement

CDP Equity InvestEU Fund Guarantee Agreement

Financial Products

CDP Equity manages approximately EUR 466 million of InvestEU guarantee, allocated across three different financial products, and cover three policy windows. Specifically, the product supporting venture capital in Italy for research, innovation, and digitalisation (CDPE RIDW Intermediated Equity Financial Product) accounts for approximately EUR 312 million; the product dedicated to sustainable infrastructure (CDPE SIW Intermediated Equity Financial Product) for approximately EUR 95 million; and the product aimed at supporting the development and growth of innovative SMEs in Italy (CDPE RIDW/SMEW Intermediated Equity Financial Product) for approximately EUR 59 million

Below is a detailed overview of the financial products:

Financial Product: CDPE RIDW Intermediated Equity

The CDPE RIDW Intermediated Equity product is designed as an instrument to facilitate indirect equity investments to support the Venture Capital market under the Research, Innovation and Digitisation Window. To be eligible, underlying investments must be in line with the policy objectives specified in the relevant Product Schedule.

Policy objectives and eligibility criteria:
Find out more

The proposed operation consists of an Investment Platform co-funded by CDP Equity and the Ministry of Enterprise and Made in Italy (MIMIT) - formerly the Ministry of Economic Development (MiSE) - that aims to bridge the gap between the Italian Venture Capital market and its European peers.

The Investment Platform includes four funds launched between 2021 and 2022: Acceleratori, Tech Transfer, Evoluzione and Corporate Partners I. These funds are specifically designed to support the Italian start-ups throughout their life cycle.

CDP Equity selected the financial intermediary based on its suitability for establishing an investment platform dedicated to Venture Capital, aimed to bolster the currently developing Italian VC market.

Information on Financial intermediaries

Name Location Financing form Operation amount
CDP Venture Capital SGR Via Alessandria, 220 00198 Roma Equity 295,000,000 EUR

Information on Final Beneficiaries

Please find in the table below the list of Final Recipients that received a Final Recipient Transactions with a principal amount of at least EUR 500 000 or equivalent, pro quota CDP Equity (reference date: 31/12/2024).

 

Name Location
Hlpy SpA Via Abbadesse, 20 - 20124 Milano (MI)
Viceversa Srl Via Bernardo Quarante, 40 - 20139 Milano (MI)
Ptech Holdings GmbH Viale Majno, 26 - 20129 Milano (MI)
Shop Circle Ltd Corso Soleri, 3 - 12100 Cuneo (CN)
DazeTechnology Srl Via Orio, 18 - 24126 Bergamo (BG)
Phononic Vibes Srl Via Francesco Cherubini, 6 - 20145 Milano (MI)
HT Materials Science Ltd Str. Prov. SP7 - 73010 Z.A. Arnesano Lecce (LE)
Caracol Srl Via Cavour, 2 - 22074 Lomazzo (CO)
Dotx Srl Via Paolo da Canobbio, 9 - 20122 Milano (MI)
Soulkitchen Srl Via Poliziano, 4 - 20154 Milano (MI)
Cubbit Srl Via della Zecca, 1 - 40121 Bologna (BO)
Genenta SpA Via Olgettina, 58 - 20132 Milano (MI)
Iama Therapeutics Srl Via Filippo Turati, 2 - 16128 Genova (GE)
Rubber Conversion Srl Via della Meccanica, 17 - 37139 Verona (VR)
Diadem SpA Via Ceresio, 7 - 20154 Milano (MI)
Energy Dome SpA Via Privata Simone Schiaffino, 11 - 20158 Milano (MI)
Gyala Srl Via Adriano Olivetti, 24 - 00131 Roma (RM)
Sibylla Biotech Srl Via Lillo del Duca, 10 - 20091 Bresso (MI)
Eggtronic Srl Via Giorgio Campagna, 8 - 41126 Modena (MO)
Wsense Srl Corso d'Italia, 39 - 00198 Roma (RM)
Angiodroid SpA Via Speranza, 35 - 40068 San Lazzaro di Savena (BO)
Bedimensional SpA Lungotorrente Secca, 30R - 16163 Genova (GE)
Axelera AI B.V. / Srl Via Giacomo Leopardi, 7 - 20123 Milano (MI)
Isaac Srl Via Magolfa, 27 - 20143 Milano (MI)
Leaf Space SpA Via Cavour, 2 - 22074 Lomazzo (CO)
FABA Srl Via Bortolan, 28 – 31030 Carbonera (TV)
HBI Srl Via Volta, 13A – 39100 Bolzano (BZ)
Rubedo Life Sciences Inc Via Porlezza, 12 – 20123 Milano (MI)
GenomeUp Srl Viale Pasteur, 6 – 00144 Roma (RM)
TAU Group Gmbh Strada Signagatta, 41 – 10044 Pianezza Torino (TO)
Mogu Srl Via San Francesco d’Assisi, 62 – 21020 Inarzo (VA)
VOIDLESS Srl Via Paleocapa, 6 – 20121 Milano (MI)
Naturbeads Lt Via Turati, 40 – 20121 Milano (MI)
Mela Works Srl Piazza Castello, 26 – 20121 Milano (MI)

 

Financial product: CDPE SIW Intermediated Equity

The CDPE SIW Intermediated Equity product is designed to facilitate indirect equity investments targeting green and digital infrastructure. Currently, under the SIW, CDP Equity presented one operation where it co-invests in the Pan-European “Marguerite III” fundfour other National Promotional Institutions - KfW (Germany), CDC (France), ICO (Spain), BGK (Poland), and the European Investment Fund (EIF). 

To be eligible, underlying investments must be in line with the policy objectives specified in the relevant Product Schedule.

Policy objectives and eligibility criteria:
Find out more

The European Investment Fund (EIF), as a co-investor in the fund, chose the financial intermediary through a Call for Expression of Interest opened on 13 April 2022, meanwhile, for PIMCO EDCO, the selection was made directly by CDP Equity, as required by the Guarantee Agreement.

Information on Financial intermediaries

Name Location Financing form Operation amount
Marguerite III SCSp 42-44, Avenue de la Gare L-1610 Luxembourg Equity 100,000,000 EUR
PIMCO EDCO 7, rue Genistre L-1623 Luxembourg Equity 30,000,000 EUR

Information on Final Beneficiaries

Name Location
Wattif EV AS Tollbodallmenningen 1B, 5004 Bergen, Norway
Nexun Holding SAS 92 Cours Lafayette CS53515, 69489 Lyon Cedex 03, France
Clever Servizi Energetici SpA (CSE) (formerly Comat Servizi Energetici) Via Novara 30, 10098 Rivoli Torino, Italy
Be Energy Part, S.L.  Parque Científico y Tecnológico, Calle del Prof. Potter, 51, Periurbano - Rural, 33394 Gijón, Asturias, Spain
Recursos de la Biomasa S.L. Calle Medinaceli 2, Bajo B 1º. 42003 Soria, Spain
SWAN Landererova 12, 811 09 Bratislava, Slovakia
OnTrain Sp. Z.o.o. ul. Zwycięska 41, 53-033 Wrocław

Financial product: CDPE RIDW/SMEW Intermediated Equity 

The CDPE RIDW/SMEW Intermediated Equity product is a financial instrument designed to support indirect equity investments aimed at fostering the growth of innovative SMEs in Italy. It falls under the Research, Innovation and Digitisation Window and the SME Window of the InvestEU programme. This product was included among the financial instruments managed by CDP Equity following the signing of the second amendment to the Guarantee Agreement in March 2025. 

To be eligible, underlying investments must be in line with the policy objectives specified in the relevant Product Schedule. 

Policy objectives and eligibility criteria:
Find out more

Would you like more information?

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Should you have any interest in our products, please send a request to InvestEU_CDPEquity@cdp.it
 
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