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Investors / Italy / Step Fund

Step Fund

Venture capital · Milan, Italy · Europe

stepventure.euTakes pitches from founders

Step Fund is an early-stage venture capital fund managed by Alternative Capital Partners SGR. It invests in digital and software startups at the pre-Series A stage, typically leading or co-leading rounds with initial tickets of €0.5M to €2M.

Invests inHealthcare & BiotechFintech

In its own wordsfintechinsurtechb2b softwarehealthtechconnected worldai

Your fit with Step Fund

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4portfolio companies
3funding rounds on record2 led
3rounds, last 12 months
$1M to $5Mtypical round it comes in at
Seedmost frequent entry
EuVECA fund registered with BANCA D'ITALIAlatest fund

Step Fund lists 4 checked portfolio companies on its own site and is named in 3 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are Healthcare & Biotech (43%), Fintech (29%) and Human Resources (14%). 33% of its companies are based in Italy. It invests most often alongside Anthemis, Calm/Storm Ventures and LUMO Labs.

Counts come from funding rounds that name Step Fund, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed100%
Series A0%
Series B0%
Growth0%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2500
'2632

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Healthcare & Biotech43%15%
Fintech29%12%
Human Resources14%1%
AI & Machine Learning14%18%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Anthemis1
Calm/Storm Ventures1
LUMO Labs1
Next Tier Ventures1
OneTarget1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers4100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare Step Fund head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
STEP FUNDEuVECA fund registered with BANCA D'ITALIA, ESMA register

Recent portfolio activity

when companies last raised with Step Fund
DateCompanyStage
17 Sept 2026Health Forcehealthforce.aiSeed
15 Apr 2026Smartwagesmartwage.itSeed Led

Round details for Step Fund

Amounts, full round histories and every co-investor in Step Fund's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

4 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Health Forcehealthforce.ai · SpainThe company provides AI agents to automate hospital operations such as claims and billing, quality reporting, and clinical trials.
Healthcare & BiotechAI & Machine Learning
Sept 2026SeedPage + round
Plus Simpleplussimple.fr · FranceThe company provides digital subscription services for insurance intermediaries
FintechHealthcare & Biotech
Portfolio page
Robin Healthrobin.healthRobin Health provides programs and tools to help users track and understand their health data
Healthcare & Biotech
Portfolio page
Smartwagesmartwage.it · ItalySmartwage provides a platform for companies to manage employee benefits and welfare, allowing employees to spend their benefits freely using a card and app.
FintechHuman Resources
Apr 2026SeedPage + round

About this data

site last read 8 Nov 2026
The homepage of Step Fund, as last read
stepventure.eu as VCinfo last read it
Site
stepventure.eu
Last read
8 Nov 2026
Watching since
5 Nov 2026
Rounds since
24 Jan 2026
Companies checked
4

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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