Neva SGR, a venture capital company under the Intesa Sanpaolo Group, recently hosted an event at Officine Grandi Riparazioni in Turin. The gathering aimed to present the investment strategies of the Neva II and Neva II Italia funds, focusing on Climate Tech & Energy Transition. A key highlight was their investment in Commonwealth Fusion Systems (CFS), a notable player in nuclear fusion.
Luca Remmert, Chairman of Neva SGR, emphasized the company’s role in connecting Italian entrepreneurs with global venture capital networks. He stated, “Neva SGR connects Italian entrepreneurs with the global venture capital network and facilitates the entry of international entrepreneurs into the Italian scientific and industrial ecosystem, creating bridges that transform ideas into global opportunities.”
Bob Mumgaard, Co-founder and CEO of CFS, highlighted Italy’s potential economic benefits from fusion energy. He remarked, “In addition to access to clean, firm, almost limitless energy, fusion could be an opportunity of economic value especially for Italy because Italian companies are already an established part of the growing industry’s supply chain.”
The event also included discussions on sustainability led by key figures from Intesa Sanpaolo. Participants included Paola Angeletti, Tommaso Corcos, Gaetano Miccichè, and Jacques Moscianese.
Since its founding in 2020, Neva SGR has focused on investing in innovative companies addressing major global challenges across various sectors. In particular, they seek out companies with revolutionary patents that can contribute significantly to decarbonization efforts.
Neva SGR’s recent investment in CFS supports their development of SPARC—a tokamak-type reactor for magnetic confinement fusion—and aligns with their goal to facilitate collaboration between research institutions and Italy’s manufacturing sector.
Despite pandemic-related challenges since August 2020, Neva SGR has invested over 180 million euros through its initial funds. With new funds launched last September—Neva II and Neva II Italia—they have already invested approximately 24 million euros in two companies.
