- 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
