360 Capital Research
Investment Thesis
360 Capital is a pan-European venture capital firm founded in Milan in 1997, with nearly three decades of continuous operating history. The firm describes itself as a "trend seeker," willing to take audacious bets on breakthrough Deep Tech, Climate Tech, and Digital-First solutions, backing visionary European founders pursuing ambitiously disruptive goals from Pre-Seed to Series B. 360 Capital was an early European mover into eCommerce in the 2000s, then progressively shifted its center of gravity toward deep-tech and climate-tech over the last decade, while continuing to back digital-first B2B/B2C platforms. A distinguishing structural asset is its formal technology-transfer partnership with Politecnico di Milano, which feeds the firm proprietary deal flow from university and research-lab spinouts, reinforced by a dedicated Poli360 fund family.
Sector Focus
360 Capital organizes its thesis into three explicit pillars:
- Deep Tech — AI, robotics, machine vision, neuromorphic sensing, quantum technologies, and space-tech, sourced in part through the Politecnico di Milano partnership
- Climate Tech — energy storage, carbon capture, recycling/circular materials, electrification, and smart-cities infrastructure
- Digital-First — B2B and B2C platforms with the potential to disrupt traditional business models, drawing on 25+ years of digital investing experience
Stage Focus
The firm invests from Pre-Seed through Series B, positioning itself as an early-stage European specialist rather than a growth-stage investor. Recent rounds span Seed (NOC Energy, Sinergy Flow) through Series B (ISAAC antisismica) and later growth-stage follow-ons (Circular Materials).
Check Size
360 Capital does not publish explicit check-size bands. Observed round participation (Series B lead/co-investor tickets in the €7M-€14M range, Seed tickets alongside co-investors) suggests flexible check sizing scaled to round size and ownership target; no confident minimum/maximum is asserted here.
Lead Tendency
Behavior is mixed: 360 Capital has led rounds (e.g., NOC Energy seed) and participated alongside syndicate partners in others (e.g., Circular Materials growth round, ISAAC Series B). Classified as "both."
Recent Activity
360 Capital is actively deploying across two current fund vehicles:
- Poli360 2, a deeptech technology-transfer fund targeting €100M, closed at €85M (announced March 2026), backing early-stage startups spun out of Europe's top universities and research centers
- LV 360 2, a €15M parallel fund launched with Regione Lombardia and Finlombarda (announced July 2026), dedicated to Lombardy-based deep-tech startups, backed by the Lombardia Venture STEP fund-of-funds
Recent portfolio activity includes ISAAC antisismica's €14M Series B (March 2026, seismic protection technology), NOC Energy's seed round (April 2026, industrial-heat decarbonization), Sinergy Flow's raise (February 2026, redox flow batteries for long-duration energy storage), and a $13.5M SAFE financing round in Circular Materials (July 2026, critical raw materials recovery).
Portfolio Highlights
360 Capital's own site claims 70+ current portfolio companies and 170+ startups backed since inception, with €700M in assets under management. Notable names span three eras: early digital/eCommerce (Yoox, eDreams, AramisAuto, Leetchi, Withings), the deep-tech wave (Exotec, Prophesee, Sophia Genetics, Arbe, Traefik Labs, GrAI Matter Labs, Preligens), and the current climate/deep-tech generation (Energy Dome, GreyParrot, Unseenlabs, Circular Materials, ISAAC antisismica, Sinergy Flow). Several portfolio companies have exited via acquisition or IPO over the firm's history (e.g., Alsid acquired by Tenable, Preligens acquired by Safran).
Team
360 Capital operates a bicultural Milan/Paris team of roughly 20 professionals, with partnership-level decision-making. Notable partners:
- Alessandro Zaccaria — Partner (Milan)
- Alexandre Mordacq — Partner (Paris)
- Cesare Maifredi — Partner (Milan)
- Fausto Boni — Partner (Milan)
- Francois Tison — Partner (Paris)
- Lucrezia Lucotti — Partner (Milan)
- Thomas Nivard — Partner (Paris)
- Jean-Marie Perrot — CFO & Head of ESG (Paris)
- Enzo Pagès — Head of Marketing & Community (Paris)
The remaining team spans dedicated Investor, Investor Relations, and Finance/ESG roles across both offices, reflecting a structured, process-driven partnership rather than a solo-GP model.
Decision Process
Multi-partner structure across two offices (Milan and Italy-led deep-tech/climate-tech sourcing, Paris-led digital-first and ESG/finance functions) indicates a partnership decision process rather than a single decision-maker.
Founder Preferences
360 Capital favors technical and scientific founders tackling large structural problems: deep-tech founders spinning technology out of research institutions (formalized via the Politecnico di Milano partnership), climate-tech founders addressing energy and materials at industrial scale, and digital-first founders building disruptive B2B/B2C platforms. The firm explicitly frames itself as backing "audacious bets" and "visionary founders pursuing ambitiously disruptive goals."
Geographic Focus
Primarily Europe, with an explicit "pan-European approach" and deepest coverage in Italy and France (its two home markets since 1997). Portfolio geography also spans the UK, Spain, Switzerland, Germany, Austria, and Israel, and the firm maintains a public map of representative deals in each market (e.g., London-GreyParrot, Rennes-Unseenlabs, Paris-Wakeo, Milan-Energy Dome, Madrid-IriusRisk). The firm also runs a public "Pitch Now" submission form, suggesting it accepts inbound deal flow directly in addition to warm introductions.