About Rialto
Rialto is a venture capital firm founded in 2022. It is primarily based out of Milano, Italy. As of Mar 2026, Rialto is an active investor, having invested in 10 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in Italy based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Series A round of Roboze Overall, Rialto portfolio has seen 1 acquisition, namely Keyless. A lot of funds co-invest with Rialto, with names like Rule 1 Ventures sharing a substantial percentage of its portfolio. Rialto has team of 6 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
Portfolio Soonicorns
Rialto's List of Top Investments
Rialto has a portfolio of 10 companies. Their most notable investments are in Platformatic and Pack.Their portfolio spans across Italy, United Kingdom and United States. They have invested in Enterprise Applications, FinTech, High Tech and 5 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Rialto:1. TrueLayer
Open banking platform enabling secure bank-to-bank payments and payouts. It helps merchants reduce reliance on card networks by offering direct bank payment solutions, improving transaction success rates, lowering processing costs, and supporting seamless checkout and payout experiences across industries such as ecommerce, travel, gaming, and financial services.
Key facts about TrueLayer
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $349M
- Employee Count: 284 as on Sep 30, 2026
- Investors: Northzone, Graph Ventures and 28 Others
- Latest Funding Round: Series E, Oct 08, 2026, $*****
- Highlight: Editors' Pick
2. Smartness
Developer of software solutions for revenue management and hospitality operations. The platform provides tools for dynamic pricing, automated digital advertising, and online property management. It integrates market intelligence and booking automation to help owners optimize rental performance. The system analyzes real-time demand patterns to adjust rates and manages advertising campaigns across various digital platforms. It also offers operational features for booking connectivity and property administration to streamline daily tasks for accommodation providers.
Key facts about Smartness
- Founded Year: 2020
- Location: Italy
- Stage: Series B
- Total Funding till date: $67M
- Employee Count: 209 as on Sep 30, 2026
- Investors: United Ventures, FNDX and 5 Others
- Latest Funding Round: Series B, May 04, 2026, $*****
3. Keyless
Developer of biometric authentication platform providing passwordless multi-factor authentication solutions. The platform offers secure device binding, passwordless login, and step-up authentication. It caters to both consumer and workforce authentication needs. Solutions include account recovery, remote access, and shared device authentication. The technology utilizes liveness detection and supports integration via mobile or web software development kits.
Key facts about Keyless
- Founded Year: 2018
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $26M
- Employee Count: 41 as on Sep 30, 2026
- Investors: Experian, Lánzame Capital and 57 Others
- Latest Funding Round: Series A, Jan 22, 2025, $*****
- Highlight: Acquired
4. Roboze
Manufacturer beltless desktop 3D printers. They replaced the belt system for movement with their patented mechatronic movement technology, in which motion of the X and Y axes were assigned to racks and helical pinions in tempered steel. It also offers slicing software for remote monitoring, management, and performance enhancement.
Key facts about Roboze
- Founded Year: 2014
- Location: Bari (Italy)
- Stage: Series A
- Total Funding till date: $3.4M
- Employee Count: 109 as on Sep 30, 2026
- Investors: View Different, Novacapital and 15 Others
- Latest Funding Round: Series A, Mar 05, 2026, $*****
5. Pack
Provider of an AI platform for skills mapping and development. It offers tools to translate strategy into skill frameworks for each role. The platform measures current skill levels and potential, highlighting strengths and gaps. It also creates personalised learning paths to build needed capabilities, with progress tracking.
Key facts about Pack
- Founded Year: 2022
- Location: Bologna (Italy)
- Annual Revenue: €0 - €1M as on Dec 31, 2024
- Stage: Series A
- Total Funding till date: $11.4M
- Employee Count: 248 as on Mar 31, 2026
- Investors: Acadian Ventures, Techstars and 10 Others
- Latest Funding Round: Series A, Dec 02, 2025, $*****
Rialto's Year-on-Year Investment Trends
Rialto has invested in 10 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Roboze and most recent follow-on round was in Pack.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 2 | 4 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
Rialto's Investments by Stage
Rialto has made 3 investments in Series A stage with an average round size of $5.07M and 2 investments in Seed stage with an average round size of $4.21M.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Seed | 2 |
Note: We have considered here, only first round of investments
Rialto's Investments by Sector
Rialto has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Enterprise Infrastructure, High Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 8 Software companies, 8 Tech companies, 7 Enterprise (B2B) companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Vertical SaaS | 3 |
Enterprise Infrastructure | 2 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Rialto's Investments by Geography
Rialto has made most investments in Italy (3), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
Italy | 3 |
United Kingdom | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Rialto's recent investments
Rialto has made 1 investments in 2026 so far - Roboze.Here are the most recent investments by Rialto:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2026 | Italy | Series A | 5935 | [+5] | |
Dec 02, 2025 | Italy | Series A | 2795 | [+5] | |
Sep 17, 2025 | Italy | Series A | 4509 | - | |
Sep 16, 2025 | Italy | Seed | 5913 | - | |
Jan 22, 2025 | United Kingdom | Series A | 3631 |
Acquired companies in Rialto's Portfolio
1 company from Rialto's portfolio has been acquired. The most recent acquisition was Keyless in Jan 2026 by Ping Identity for $*****.Here are Rialto's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 07, 2026 | Nov 29, 2023 | Series A | 7070 |
Team profile of Rialto
Rialto has a team of 6 members including 5 Partners located in Italy and United States. Rialto's team does not sit on the board of any company as of now.Here is a list of all team members in Rialto:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Venice | - | ||
Partner | Milan | - | ||
Partner | Milan | - | ||
Partner | Milan | - | ||
Partner | United States | - |
Co-investors of Rialto
Over the past 3 years, 43 investors have co-invested in Rialto's portfolio companies. This includes funds and angels.
- Invested before Rialto: Techstars, PRAXI and 28 others have invested in rounds before Rialto. There are 2 companies where Techstars has invested before Rialto and 2 companies where PRAXI has invested before Rialto.
- Top Co-investors of Rialto: 6 investors entered a company along with Rialto. These include investors like Rule 1 Ventures (1 company).
- Invested after Rialto: A total of 7 investors have invested in Rialto's portfolio after their investments. Top Investors include Experian (1 company), Acadian Ventures (1 company) and David Clarke (1 company).
Recent News related to Rialto
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Pack Secures €5.8M In Series A Round For International ExpansionStartup Rise EU•Dec 02, 2025•Rialto, Acadian Ventures, Pack
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Pack Secures €3.5 Million Round to Enhance Human Capital Development with AIStartup Rise EU•Sep 16, 2025•Rialto, Pack
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Platformatic Cements $4.3m Seed Round To Address Node.js ChallengesTech Funding News•Sep 24, 2024•Platformatic, Rialto, Panache Ventures, Decibel and 1 other
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Rialto I, the fund of AVM Gestioni closes rounds of over 55 millionIndustria Italiana Magazine•Jun 04, 2024•Rialto
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Keyless Raises $6M, Splits From SiftFindBiometrics•Nov 29, 2023•Keyless, Xpring, gCC, Primo Capital and 5 others
