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Primomiglio: Launches Space Focused Venture Capital Fund | Fintech InShorts: Latest fintech news, analysis by experts

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Primomiglio: Launches Space Focused Venture Capital Fund

By Steve Sam

December 24, 2020

Primomiglio Sgr, an Italian venture capital firm, has launched a space startup focused venture capital fund
Primo Space focuses on space investments, with first closing at €58m and a target size of €80m
European Investment Fund and CDP Venture Capital SGR acted as cornerstone investors in the fund
The VenturItaly Fund of Funds, Compagnia di Sanpaolo, Luigi Rossi Luciani S.a.p.a., Banca Sella also participated in the first close
The vehicle has already invested in Aiko, a Turin, Italy-based startup that develops Artificial Intelligence software for the automation of space missions
The company closed €1.5M venture capital funding round earlier in December

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