FinTechFunding

Primomiglio: Launches Space Focused Venture Capital Fund

  • 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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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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