Analysis

April 15, 2025

Inside Ithaca, the Berlusconi heir’s secretive startup investing firm

Ithaca Investments doesn't have a website — but it sits on the cap tables of all the most talked-about Italian-founded startups


Amy O'Brien

7 min read

Luigi Berlusconi

Milan-based Ithaca Investments doesn’t have a website. The investment firm’s digital footprint is so scarce that it lacks any presence on LinkedIn and is rarely listed on fundraising press releases. Yet speak to any Italian tech insider and you’ll find it sits on the cap tables of all the most talked-about Italian-founded startups — from Scalapay, Soldo and Yapily, to Qomodo and Jet HR. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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