Programma 101 (P101), a new Milan, Italy-based vc fund, held its first close at €32m, Reuters reported.
Led by serial entrepreneur and vc Andrea Di Camillo, P101 will invest between €500k and €1.5m in 15-18 tech/digital companies which have an international perspective and are scalable in business model and technology.
To identify investment opportunities, the fund will work closely with private and university-based accelerators. The web site already lists NanaBianca, H-Farm, I3P, Boox, among others (have a look at the list here).
The final target of the fund has been fixed at €50m.