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 has developed a portfolio of proprietary intellectual property, comprising more than 11 patents and anchored by three technologies: Koridion, a unique product technology that enables a new process for transforming advanced composite materials, overcoming the limitations of traditional processes; Equalizer, an alternative machine system to presses and autoclaves which, applied to Koridion, enables industrial scalability; and Xelion, a functional composite material for the absorption and controlled dissipation of energy, applied in protective and safety equipment. The company monetises this portfolio by licensing its technologies and charging royalties, by selling in-house production, and by providing technical and industrial support services to its customers, serving the industrial, automotive, sports, aerospace and defence sectors, with a growing focus on high-growth segments such as hypercars and drones.
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.
About Alia Mentis
Alia Mentis is an Italian deep-tech firm based in Montebelluna, specializing in advanced composite materials and automated manufacturing for high-complexity industries like aerospace, defense, and automotive. Founded in 2012, the company provides technology solutions such as the Koridion thermo-expandable core platform, Equalizer for scalability, and Xelion energy-dissipating materials. Acting as a partner to OEMs, they manage the entire production value chain, from co-design to industrialization.
About Axon Partners Group
Axon is a global company focused on technology and innovation with a two dimensional approach: Technology Investments and Strategic Consulting. Through its Growth strategy, Axon has developed a strong expertise in backing innovative companies led by outstanding entrepreneurs on a European scale. Circa 90 seasoned professionals covering Europe, Americas and MENA. Listed in the Madrid Stock Exchange [BME: APG] since 2022.
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