European venture capital fund

Step Fund

Step Fund is a Milan-based venture capital fund managed by Alternative Capital Partners SGR (Step Venture). €30m reported at first close (source published November 2025).

Seed fund for Italian tech founders as first institutional investor

Status
First Close
Reported amount
€30m
Manager
Alternative Capital Partners SGR (Step Venture)
Headquarters
Milan, Italy
Stages
Seed
Sectors
Generalist
Investment geography
Italy
Source published
November 2025

Amounts come from the linked public source. A first close is not the final fund size, and a reported close does not confirm that the fund is investing now. Headquarters describe where the manager is based, not where it invests.