About B Heroes
B Heroes is a venture capital firm founded in 2015. It is primarily based out of Milano, Italy. As of May 2025, B Heroes is an active investor, having invested in 162 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Italy based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and Retail. Most recently it led the $300K Seed round of FlyTrendy along with CDP Venture Capital. This round also saw participation from Simone Canclini.
Overall, B Heroes portfolio has seen 2 unicorns, 1 IPO and 15 acquisitions including key companies like Satispay, Bending Spoons and Oval Money. A lot of funds co-invest with B Heroes, with names like Club degli Investitori sharing a substantial percentage of its portfolio.
B Heroes has team of 15 people including 10 partners.
Key Metrics
Team Members
Portfolio Count
, Satispay &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Unicorns
B Heroes' List of Top Investments
B Heroes has a portfolio of 162 companies, including 2 unicorns. Their most notable investments are in EPICODE and epiCura.Their portfolio spans across Italy, United States, United KingdomÌý²¹²Ô»å 8 more locations. They have invested in Consumer, Enterprise Applications, RetailÌý²¹²Ô»å 31 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 3 more. Here is the list of top investments by B Heroes:1.
Provider of reusable space launch vehicles for large payloads. It provides users with a platform that designs, manufactures, and launches advanced rockets and spacecraft and offer a range of services including satellite internet systems and missions to Mars. It also provides users with a trunk attached to the spacecraft, a parachute system, multiple engines, and oxygen-based propellants.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Valuation: $350B as on Dec 12, 2024
- Stage: Series J
- Total Funding till date: $11.9B
- Employee Count: 13,612 as on Dec 31, 2023
- Investors: Bank of America, Darwin Ventures and
- Latest Funding Round: Conventional Debt, Oct 06, 2023
- Highlight: Editors' Pick
2. Satispay
Wallet-based payment solution for consumers. It offers services such as money transfers, mobile recharge, bill payments, and online or offline purchases. It can be accessed through the app that is available on both IOS and Android devices. It also offers integrated POS solutions to businesses for accepting online payments.
Key facts about Satispay
- Founded Year: 2013
- Location: Milan (Italy)
- Annual Revenue: €42.9M as on Dec 31, 2021
- Valuation: $962M as on Sep 28, 2022
- Stage: Series D
- Total Funding till date: $501M
- Employee Count: 300 as on Jul 18, 2023
- Investors: , Coatue and 89 Others
- Latest Funding Round: Series D, Nov 11, 2024, $64.3M
- Highlight: Editors' Pick
Developer of mobile applications and AI-powered technologies. It develops and operates a portfolio of digital products, focusing on user-friendly design and robust underlying technology. The company's engineering expertise extends to in-house AI development, utilized in various applications. A significant focus is placed on creating a positive and supportive work environment. The company also supports STEM education initiatives.
Key facts about Bending Spoons
- Founded Year: 2013
- Location: Milan (Italy)
- Annual Revenue: €53.2M as on Dec 31, 2022
- Valuation: $2.55B as on Feb 15, 2024
- Stage: Series D
- Total Funding till date: $570M
- Investors: Baillie Gifford, Tamburi Investment Partners and 18 Others
- Latest Funding Round: Conventional Debt, Mar 10, 2025, $600M
- Highlight: Editors' Pick
4. Playtomic
Key facts about Playtomic
5.
Conio is an app-based wallet for Bitcoins. Users can buy, sell and spend Bitcoins using debit cards. Allows the users to keep control of their private keys. App is available for iOS and Android platforms.
Key facts about Conio
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $20.8M
- Investors: B Heroes, iStarter and
- Latest Funding Round: Series B, Dec 15, 2020, $14M
- Highlight: Editors' Pick
B Heroes' Year-on-Year Investment Trends
B Heroes has invested in 162 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. In 2024, it made 3 investments, while as of May 2025, it has made 3 investments in this year. Its most recent first time investment was in ReportAId and most recent follow-on round was in MATIX.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 2 | 1 | 3 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
2022 | 3 | 0 | 3 |
2021 | 6 | 0 | 6 |
2020 | 2 | 0 | 2 |
2019 | 6 | 1 | 7 |
2018 | 8 | 0 | 8 |
2017 | 3 | 0 | 3 |
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B Heroes' Investments by Stage
B Heroes has made 20 investments in Seed stage with an average round size of $1.36M, 8 investments in Series A stage with an average round size of $5.76M, 4 investments in Grant (prize money) stage with an average round size of $344K, 2 investments in Conventional Debt stage with an average round size of $1.74M and 1 investment in Series B stage with an average round size of $21.9M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 8 |
Grant (prize money) | 4 |
Conventional Debt | 2 |
Series B | 1 |
B Heroes' Investments by Sector
B Heroes has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Retail and FinTech. Notably, it has invested in 122 Tech companies, 82 Consumer (B2C) companies, 63 Enterprise (B2B) companies and at least 43 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Consumer | 12 |
High Tech | 9 |
Retail | 4 |
FinTech | 3 |
Others | 39 |
B Heroes' Investments by Geography
B Heroes has made most investments in Italy (26), followed by United States where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Italy | 26 |
United States | 4 |
France | 1 |
Germany | 1 |
Ireland | 1 |
Others | 1 |
B Heroes' recent investments
Here are the most recent investments by B Heroes:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 06, 2025 | Italy | Seed | $2.5M | Italianfoundersfund.com [+10] | |
Mar 13, 2025 | Italy | Conventional Debt | Undisclosed | [+1] | |
Mar 13, 2025 | Italy | Seed | $2.29M | [+1] | |
Nov 26, 2024 | France | Series A | $6.29M | Emblem [+20] | |
May 28, 2024 | Italy | Seed | $1.74M | 360 Capital Partners [+7] |
Get the detailed list of all investments by B Heroes. Download now!Unicorns in B Heroes' Portfolio
Here is a list of unicorns in B Heroes' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Developer of mobile applications and AI-powered technologies | 2013 | Milan | Series D | zltrwwr | ||
73 | Wallet-based payment solution for consumers | 2013 | Milan | Series D | wpjpxmz |
IPOs and Publicly Listed companies in B Heroes' Portfolio
Here are B Heroes' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 04, 2023 | - | - | - |
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Acquired companies in B Heroes' Portfolio
Here are B Heroes' portfolio companies that got acquired most recently:
Team profile of B Heroes
B Heroes has a team of 15 membersÌýincluding 10 Partners and 2 PrincipalsÌýlocated in Italy and Spain. B Heroes' team does not sit on the board of any company as of now.Here is a list of top team members in B Heroes:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Milan | - | - | |
Partner | Milan | - | - | |
Partner | Milan | - | ||
Partner | Ancona | - | - | |
Partner | Italy | - | ||
Partner | Milan | - | - | |
Partner | Barcelona | - | - | |
Partner | Bergamo | - | - | |
Partner | Milan | - | - | |
Principal | Milan | - |
Get the full list of B Heroes' team & partners for free. Download now!Co-investors of B Heroes
Over the past 8 years, 208 investors have co-invested in B Heroes's portfolio companies.
- Invested before B Heroes:ÌýLVenture Group, and 17 others have invested in rounds before B Heroes. There are 3 companies where LVenture Group has invested before B Heroes and 2 companies where European Union has invested before B Heroes.
- Top Co-investors of B Heroes:Ìý122 investors entered a company along with B Heroes. These include investors like Club degli Investitori (3 companies).
- Invested after B Heroes:ÌýA total of 67 investors have invested in B Heroes's portfolio after their investments. Top Investors include Endeavor (2 companies), Azimut (2 companies) and (2 companies).
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Recent News related to B Heroes
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BeBeez•May 07, 2025•ReportAId, Italianfoundersfund.com, HEARTFELT_, Exceptional Ventures and 5 others
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