CDP Venture Capital is cornerstone investor through FoF VenturItaly II and the Digital Transition Fund. Fundraising target: €100 million by 2027
Techshop SGR announces the first closing of its new venture capital fund dedicated to pre-seed and seed startups developing B2B solutions built on artificial intelligence. Techshop II has completed its first closing at €43 million, exceeding its initial fundraising target, and is aiming at €100 million raising during 2027.
With Techshop II, the firm founded in 2021 by Aurelio Mezzotero and Gianluca D’Agostino becomes a multi-fund platform, with the goal of reaching €150 million in total assets under management. The strategy remains focused on early-stage B2B software, with particular attention to the pre-seed and seed rounds.toward a more digitalised issuer to investor chain overall.
Evaluation of next generation technologies as there is a high degree of interest in the potential of technologies such as artificial intelligence (AI) to generate new revenue streams, reduce inefficiency and modernise the landscape.
The new Techshop II Fund:
– is built to invest in pre-seed and seed startups leading the AI-driven transformation of B2B software solutions, that will redesign companies processes in Italy and in Europe;
– builds on the strong track record of Techshop I: 23 portfolio companies, a MOIC of 1.8 and a TVPI of 1.5 just over four years from launch;
– is structured to qualify as an eligible investment for pension funds and welfare funds.What Nordic investors have been watching in 2026 – A number of themes stand out across the region:
- Increased IPO activity after a slower market period;
- Strong demand for businesses with recurring revenue and resilient cash flows;
- Continued emphasis on innovation, technology leadership, and long-term value creation;
- Renewed interest in private equity and exits as financing conditions improve;
- Continued investment in AI infrastructure and digitalization.
DP Venture Capital (leading Italian asset management company with €4.9B under management that invests in innovative startups and funds to support the economic growth and innovation of Italy) confirms its role as a reference investor in Techshop, backing the new fund through FoF VenturItaly II and the Digital Transition Fund, which draws on NextGenerationEU resources to support the digital transition of supply chains and small and medium-sized enterprises. The commitment of the two vehicles can grow progressively as fundraising with third-party investors advances.
With Techshop II we want to become the reference seed fund for European startups applying AI to B2B processes”,the Techshop’s three Partnerscommented. “The new generation of software does not simply digitise existing tasks, it can automate entire business processes. That calls for specialised investors who move fast and can stand alongside founders from the very earliest stages, bringing operational expertise and international co-investors.”
“Over the years Techshop has shown consistency in its seed and post-seed investment strategy, scouting young startups and supporting them through their growth, including internationally. These capabilities are essential to deliver on our commitment to the development of the Italian and European innovation ecosystem. Techshop II continues a partnership built for the long term, aimed at supporting the creation and growth of new companies in B2B software”, said Cristina Bini, Head of Indirect Investments at CDP Venture Capital.
The Techshop SGR S.p.A. is an asset management company specialising in early-stage venture capital funds dedicated to B2B tech.
Founded in 2021 by Gianluca D’Agostino, entrepreneur and business angel, and Aurelio Mezzotero, a fund manager with experience in venture investing, the firm has recently strengthened its team with the arrival of Giovanni Strocchi as Partner. It takes a vertical, hands-on, founder-to-founder approach, supporting pre-seed and seed startups in product development, market validation and commercial growth. Through its first fund, Techshop I, the firm invested in high-potential B2B software and SaaS startups, building a portfolio that includes companies such as Shop Circle (now Circeus), Smartness, hlpy, Qomodo, Tot, AxyonAI, GenomeUp, SylloTips and Allsides. With Techshop II, the firm deepens its specialisation in B2B software, focusing on Italian and European startups applying artificial intelligence to the automation and transformation of business processes. It has a team of 10 people working out of its Milan office.For more information: www.techshop.capital – LinkedIn
CDP Venture Capital is an asset management company owned 70% by CDP Equity and 30% by Invitalia, created to build the Italy of tomorrow by placing innovation at the centre of the country’s economic development and investing in a new generation of entrepreneurs, so that Italy can regain the driving role it has always held across the creative, scientific and technological fields. CDP Venture Capital manages 15 investment funds, with more than €4.9 billion in resources supporting innovative companies at every stage of their life cycle, through both direct and indirect (fund of funds) investments. For more information: www.cdpventurecapital.itish defense and dual-use technology companies accessing public markets reflects both the geopolitical realities reshaping European industry and the growing maturity of Finland’s capital markets ecosystem.