Primo Space focuses on space investments, with first closing at €58m and target size of €80m.
European Investment Fund (which committed €30m backed by the new InnovFin Space initiative and the Investment Plan for Europe of the European Commission) 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.
Primo Space invests in technology spin-offs, startups and SMEs, working closely with the Italian research and academic world, including the Italian Space Agency, in order to bring the most promising technologies and entrepreneurial teams to the market.