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Q1 2026

Italy Market Snapshot

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Private and public markets slow down in Italy amid geopolitical uncertainty

Italy’s economy was mostly resilient in Q1 and allowed public markets to hit all-time highs just before the conflict in the Middle East kicked off. Private markets took a more cautious stance, with add-on deals dominating PE dealmaking. Fundraising remains sluggish at the start of the year, reflecting a global slowdown in fundraising across private markets.


Table of contents
Market overview 2
Commentary 3
City comparison 4
Private markets 5
VC deal activity 7
VC exit activity 9
VC fundraising activity 10
PE deal activity 11
PE exit activity 13
PE fundraising activity 14
Corporate acquisition activity 15
Equity markets valuations 16