Neva SGR and the Compagnia di San Paolo Foundation have invested €2.5 million in Galaxia, a National Technology Transfer Hub for aerospace startups, raising its total funding to €30 million.

Target Information

Neva SGR, the venture capital arm of the Intesa Sanpaolo Group, has partnered with the Compagnia di San Paolo Foundation to invest €2.5 million in Galaxia, a National Technology Transfer Hub established by CDP Venture Capital SGR in collaboration with Obloo Ventures in 2023. This investment signifies a vital initiative aimed at bolstering the development of startups that originate from specialized research laboratories in the aerospace sector. With this funding, Galaxia has successfully completed its fundraising initiative, reaching a total of €30 million.

Galaxia focuses on various areas within the aerospace industry, encompassing upstream solutions such as propulsion systems, rockets, satellites, sub-orbital vehicles, telemetry tools, and technologies for mission control centers, as well as downstream solutions that include remote sensing technologies for Earth observation, satellite communication, navigation technologies, and integrated applications of satellite navigation systems for specific purposes. Furthermore, it emphasizes enabling technologies and the transfer of key technologies between space and Earth (spin-out) and from Earth to space (spin-in).

Industry Overview

In Italy, particularly in Turin, the aerospace sector serves as a robust driver for regional development. This is supported by a solid foundation of academic and industrial expertise, which fuels numerous institutional initiatives, congress events, startup acceleration programs, and sector-specif