P101 Raises €150M for Programma 103
P101 SGR, a Milan, Italy-based enterprise capital agency investing in digital and technology-driven firms, held the primary closing of its newest fund, Programma 103, at €150M.
Traders included Azimut, CDP, European Funding Fund, BPM, Inarcassa, ISP Group Pension Fund, and a few Italian household workplaces. The fund goals to succeed in €250M by 2023.
Led by Andrea Di Camillo, Founder and Managing Accomplice, Programma 103 will spend money on early and development stage, digital and technology-driven firms, offering B2C and B2B providers in these sectors: fintech, proptech, edutech, cybersecurity. Sustainability might be a significant function of all investments. Tickets will vary between €1M and €10M+ every.
The fund’s principal focus international locations might be Italy and Spain, the place P101 SGR has already made some investments. Different European international locations will even be considered.
With this shut, P101’s asset underneath administration reaches nearly €500M. The agency is presently managing the 2 funds, Programma 101 and Programma 102, and a retail VC fund, ITA 500, managed on behalf of Azimut. P101 has a monitor file of over 100 funding rounds, 15 exits, 46 portfolio firms (with an total turnover of €2bn), 4 funds underneath administration, and offers like those of Tannico and Campari, Moet-Hennesy; MusixMatch and TPG.
Shishir Gupta, The Founder & CEO of StartupLanes said,
P101?Raises €150M for Programma 103. May this new business bring you huge success and fulfillment.
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