SMART CAPITAL S.P.A.
SMART CAPITAL S.P.A. is an Italian societa per azioni (joint-stock company) registered with the Chamber of Commerce of Milano Monza Brianza Lodi under REA number MB-2566706 and Italian tax code/VAT number 10920020962. The company was incorporated on 29 July 2019 and its registered office is at Via Carlo Alberto 11, 20900 Monza (MB), Italy. Its registry status is listed as active.
SMART CAPITAL S.P.A. operates as a permanent-capital (“evergreen”) investment holding company. According to its official website, it specialises in private equity and private-investment-in-public-equity (PIPE) transactions, acquiring long-term minority equity stakes in small and medium-sized Italian companies that are listed, unlisted or in a pre-IPO phase. Borsa Italiana describes its investment focus as concentrated mainly in the industrial, logistics and technology sectors. The company describes itself as an investor “club” of shareholders with industrial backgrounds who may also co-invest directly in individual transactions, and states that it integrates environmental, social and governance (ESG) criteria into its investment selection and portfolio-monitoring process.
SMART CAPITAL S.P.A.’s ordinary shares have been admitted to trading on Euronext Growth Milan – Professional Segment, operated by Borsa Italiana, under ISIN IT0005621070. Trading began on 22 November 2024 following an initial public offering that raised more than EUR 8.6 million and brought the shareholder base to over 100 investors. At listing, the company’s subscribed and paid-up share capital comprised 34,276,872 shares, including 1,665,255 non-traded multiple-vote shares. Because the shares trade on the Professional Segment of Euronext Growth Milan, they are restricted to professional and qualified investors rather than the general public. No independently verified filed-accounts revenue or employee figures for SMART CAPITAL S.P.A. were located as of the September 2026 data review, and the company’s active registry status and stock-exchange listing should not be read as confirmation of its current trading performance or financial condition.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of SMART CAPITAL S.P.A.
SMART CAPITAL S.P.A. is a listed company whose share register, published on its official investor-relations page, discloses four major direct shareholders together with an aggregated free float. Agrati Holding S.p.A. holds 5,798,830 ordinary shares plus 794,781 multiple-vote shares, equal to 19.24% of share capital and 27.90% of voting rights, and is party to a shareholders’ agreement with Costantini Investments S.r.l., which holds 3,395,008 ordinary shares plus 794,781 multiple-vote shares, representing 12.22% of share capital and 23.02% of voting rights. Herongreen S.r.l. holds 3,596,671 ordinary shares (10.49% of share capital, 7.30% of voting rights), and Reef Capital S.r.l. holds 130,878 ordinary shares plus 75,693 multiple-vote shares (0.60% of share capital, 1.80% of voting rights). The remaining 19,690,230 shares, equal to 57.44% of share capital and 39.97% of voting rights, are held in free float across more than 100 shareholders who are not individually named. All disclosed interests are reported as direct holdings; no indirect shareholding structure is disclosed on this page. The source page does not display an explicit as-of date for the table; it was retrieved on 17 September 2026.
Data availability
Shareholder information for SMART CAPITAL S.P.A. is classified as major shareholders only: as a Euronext Growth Milan-listed issuer, the company discloses its principal direct shareholders and an aggregated free float rather than its complete shareholder base, which exceeds 100 holders. No beneficial-ownership register filing or ownership chain behind the four named corporate shareholders was independently verified for this profile, so no ultimate beneficial owner is reported here. The similarity between the name “Costantini Investments S.r.l.” and the surname of the company’s Chairman and CEO is noted but has not been treated as confirmation of a beneficial-ownership link, since this was not independently verified.
Sources
Smart Capital S.p.A. official website, investor relations – shareholder structure page (smart-capital.it/investor-relations/shareholders-structure/), retrieved 17 September 2026. Borsa Italiana, company profile for ISIN IT0005621070 (Euronext Growth Milan), retrieved 17 September 2026.
Officers
6
Directors and officers of SMART CAPITAL S.P.A.
Zavia.ai’s on-file registry-sourced data lists five active officer or management records for SMART CAPITAL S.P.A. out of six held in the source system: Andrea Costantini (Chairman, Managing Partner and CEO), Roberto Francani (Advisory and Business Development Director and Partner), Ippolito Fiori (CFO Services and Business Development), Laura Pedrinazzi (Technology Director) and Matteo Conti (Investment Analyst). All five are recorded as active, with no appointment or resignation dates disclosed. The company’s own website lists a broader leadership and management team of eight named individuals, including the same five people plus Andrea Faraggiana (General Manager and Managing Partner), Dino Catena (Value Creation Director) and Michele Vabanesi (Investment Associate); these three additional names were not present in the on-file officer data reviewed. The website also describes Matteo Conti’s role as “Financial Controller” rather than “Investment Analyst,” a discrepancy between the two sources that could not be resolved from the material reviewed. Nationality is not disclosed in any source reviewed and has not been inferred from names, addresses or country of residence.
Data availability
Officer information for SMART CAPITAL S.P.A. is classified as partial: current roles and titles are available for several individuals, but appointment dates, resignation history, formal legal-representative designations under Italian company law (such as director or board-member status) and nationality are not disclosed in the sources reviewed. Country of residence is recorded as Italy for the officers in the on-file data via their correspondence address, but this is not confirmed as their personal residence.
Sources
Zavia.ai registry-sourced officer data, retrieved 11 August 2026. Smart Capital S.p.A. official website, team page (smart-capital.it/team/), retrieved 17 September 2026.
Group Structure
Group structure of SMART CAPITAL S.P.A.
SMART CAPITAL S.P.A. is not a standalone single-entity business: reputable trade-press reporting confirms it controls Smart4Tech S.p.A., described as its dedicated holding vehicle for technology-sector investments, although the exact ownership or voting percentage held in Smart4Tech S.p.A. was not disclosed in the sources reviewed. Zavia.ai’s internal corporate-linkage data additionally lists Marcap S.r.l., Smart4Advisory S.r.l., Smart4Sea S.r.l., Smart4Mechanics S.r.l., Smart Ala S.r.l. and Smart Agri S.r.l. as directly linked to SMART CAPITAL S.P.A., and Entera Advisory S.r.l. as linked beneath Smart4Tech S.p.A. None of these additional links could be independently confirmed against an official filing or reputable news source during this review, so they are presented only as possible relationships. No ultimate parent company is disclosed for SMART CAPITAL S.P.A., which is itself a listed holding company. The information reviewed is dated as of September 2026.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Smart4Tech S.p.A. | Italy | VAT IT12576980960 | Direct subsidiary (controlled entity) | Ownership percentage not disclosed | Active | September 2026 |
Marcap S.r.l., Smart4Advisory S.r.l., Smart4Sea S.r.l., Smart4Mechanics S.r.l., Smart Ala S.r.l., Smart Agri S.r.l. and Entera Advisory S.r.l. are recorded in Zavia.ai’s internal corporate-linkage data as connected to SMART CAPITAL S.P.A. or Smart4Tech S.p.A. but are not included in the table above because the relationship could not be independently verified as of this review; these are possible relationships (unverified).
Recent structural changes
Reputable trade-press reporting (BeBeez, 2026) describes a non-binding term sheet under which Smart4Tech S.p.A. and WeAreStarting would merge by incorporation into CrowdFundMe, a company listed on Euronext Growth Milan, with completion expected in the first quarter of 2026 and SMART CAPITAL S.P.A. to become the reference shareholder of the resulting group. This transaction had not been confirmed as completed in the sources reviewed for this profile.
Data availability
Corporate-linkage information for SMART CAPITAL S.P.A. is classified as partial: one controlled entity (Smart4Tech S.p.A.) is confirmed through reputable news reporting, but the ownership percentage is not disclosed, and several further entities in Zavia.ai’s internal linkage data could not be independently verified as of this review.
Sources
BeBeez, “Smart4Tech (Smart Capital), CrowdFundMe e WeAreStarting studiano integrazione in un’unica piattaforma per la finanza alternativa alle PMI italiane,” bebeez.it, retrieved 17 September 2026. Zavia.ai internal corporate-linkage data, retrieved 11 August 2026.
SMART CAPITAL S.P.A.
Italy
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Frequently Asked Questions
What is SMART CAPITAL S.P.A.?
SMART CAPITAL S.P.A. is an Italian joint-stock company (societa per azioni) based in Monza, operating as a permanent-capital investment holding that acquires long-term minority stakes in small and medium-sized Italian companies.
What is SMART CAPITAL S.P.A. registration number?
It is registered with the Chamber of Commerce of Milano Monza Brianza Lodi under REA number MB-2566706, with Italian tax code and VAT number 10920020962.
When was SMART CAPITAL S.P.A. incorporated?
SMART CAPITAL S.P.A. was incorporated on 29 July 2019.
What is SMART CAPITAL S.P.A. registered address?
Its registered office is at Via Carlo Alberto 11, 20900 Monza (MB), Italy.
What is SMART CAPITAL S.P.A. current registry status?
The company registry status is listed as active as of the most recent data review.
What business activity does SMART CAPITAL S.P.A. carry out?
It operates as an evergreen investment holding specialising in private equity and private-investment-in-public-equity (PIPE) transactions, mainly in the industrial, logistics and technology sectors, and integrates ESG criteria into its investment process.
Is SMART CAPITAL S.P.A. listed on a stock exchange?
Yes. Its ordinary shares trade on Euronext Growth Milan – Professional Segment under ISIN IT0005621070, with trading having begun on 22 November 2024.
Who are the major shareholders of SMART CAPITAL S.P.A.?
Disclosed major shareholders include Agrati Holding S.p.A. (19.24% of share capital), Costantini Investments S.r.l. (12.22%), Herongreen S.r.l. (10.49%) and Reef Capital S.r.l. (0.60%), with the remaining 57.44% held in free float.
Does SMART CAPITAL S.P.A. have a confirmed ultimate beneficial owner (UBO)?
No verified ultimate beneficial owner is reported. The disclosed shareholders are corporate entities, and no ownership chain behind them was independently verified for this profile.
Who are the officers of SMART CAPITAL S.P.A.?
On-file data lists Andrea Costantini (Chairman, Managing Partner and CEO), Roberto Francani, Ippolito Fiori, Laura Pedrinazzi and Matteo Conti as active officers; the company website also names Andrea Faraggiana, Dino Catena and Michele Vabanesi among its wider leadership team.
Is SMART CAPITAL S.P.A. part of a corporate group?
It controls Smart4Tech S.p.A., its technology-investment holding vehicle, according to reputable trade-press reporting; several further linked entities in internal data could not be independently verified.
What is Smart4Tech S.p.A. relationship to SMART CAPITAL S.P.A.?
Smart4Tech S.p.A. is reported as a controlled entity of SMART CAPITAL S.P.A. and serves as its dedicated vehicle for technology-sector investments; the exact ownership percentage is not disclosed.
When did SMART CAPITAL S.P.A. list on Euronext Growth Milan?
Trading in its shares began on 22 November 2024 on the Professional Segment of Euronext Growth Milan, following an IPO that raised more than EUR 8.6 million.
What is SMART CAPITAL S.P.A. free float?
Free float is reported at 57.44% of share capital and 39.97% of voting rights as disclosed on the company official shareholder-structure page.
Where can SMART CAPITAL S.P.A. registry data be verified?
Its registry data can be checked via the Chamber of Commerce of Milano Monza Brianza Lodi (REA MB-2566706) and Borsa Italiana under ISIN IT0005621070.