Alia Mentis, an Italian deep-tech company specialising in the development and industrialisation of proprietary technologies for advanced composite materials, has welcomed Axon Partners Group as a shareholder, following an initial Growth Equity investment of €8 million which we expect will grow to up to €12 million in subsequent follow ons.
Founded in 2012 in Montebelluna (TV) and led by its founder and CEO Giuseppe Paronetto, Alia Mentis has built its business model by keeping key activities such as design, prototyping and manufacturing in-house, positioning itself upstream in the value chain of leading industrial players as a technology partner that integrates its solutions directly into its clients’ production processes. Its technology is trusted by top-tier corporates such as Ferrari, Lamborghini, Leonardo and Geven, among others. Since its inception, the company has combined high growth with profitability: turnover has tripled over the last three years, and in 2025 the company recorded total revenue of €14.7 million (+86% versus 2024), an EBITDA of €8.5 million (57.9% margin) and a net profit of €4.1 million.
Alia Mentis marks Axon Innovation Growth II first investment, in line with its investment thesis of backing innovative companies with exceptional founding teams, high growth and efficient use of capital. Axon met Alia Mentis in 2024 and has worked alongside its founder since then; negotiations were reopened at the end of 2025, and Axon committed its investment in the company at the beginning of 2026.
Since Axon’s commitment, Alia Mentis has continued to accelerate growth. In parallel, and working closely with Axon, it initiated an all primary IPO process on Euronext Growth Milan to consolidate its expansion plans. The IPO was successfully executed by 29th of June, with investors demand of more than three times the offer.
