Fund profile / Italy

Step Fund I

Geography
Italy
Stage
Pre-Seed
Fund size
€30M
Focus
AI/ML, Digital Health, Enterprise Software and FinTech
Signals
Published
Share
N°01 / About

About Step Fund I

Milan and Naples-based inaugural fund. Backed by CDP's NextGenerationEU-funded anchor. Invests in seed-stage Italian startups, especially in the South, developing digital and AI-driven solutions.

N°02 / Thesis

Investment Focus

Location / RegionItaly
Funding StagePre-Seed
Industry Focus
AI/ML
Digital Health
Enterprise Software
FinTech

Investor Signals Profile

active

Sweet Spot

AI health founders with patient/doctor-led GTM

digital therapeutics
AI health
patient-first GTM
doctor channel
outside-in growth

Bullish Signals

Actively posting, thesis-driven contentexternal
Bullish on AI + digital therapeuticsexternal

Contrarian Signals

Avoids hospital-first GTM playsexternal

Founder Do's

Start GTM with patients or doctors
Show real usage traction early
Build outside-in, not top-down
Leverage AI for personalized health

Founder Don'ts

Don't lead with hospital partnerships
Don't ignore regulatory complexity
Don't pitch without real usage data

10 signals on Step Fund I

2 bullish · 1 contrarian · 4 pitch do's · 3 don'ts, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€30M
Saves0
People

Key People

Andrea Galluzzo

N°04 / See also

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