P101 Raises €150M for Programma 103
- P101 SGR, a Milan, Italy-based venture capital firm investing in digital and technology-driven companies, held the first closing of its latest fund, Programma 103, at €150M
- Investors included Azimut, CDP, European Investment Fund, BPM, Inarcassa, ISP Group Pension Fund, and some Italian family offices
- The fund aims to reach €250M by 2023
- The fund’s main focus countries will be Italy and Spain, where P10 1 SGR has already made some investments
- Other European countries will also be taken into consideration
- The firm is currently managing the two funds, Programma 101 and Programma 102, and a retail VC fund, ITA 500, managed on behalf of Azimut
