Programma 101, €50M to Invest in Italian Digital Startups

Fondo Italiano di Investimento and Gruppo Azimut have just launched a new venture capital initiative in Italy.

Programma 101, whose name was choosen to remember Olivetti’s personal computer, aims to raise €50m.

Led by Andrea di Camillo, co-founder of Banzai and Vitaminic, the firm will focus on investing an amount ranging from €500k to €1,5m in digital companies which have difficulties to raise funding from existing venture capitalists.

Programma 101 will also partner with incubators to invest in and accelerate their best startups.



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