After obtaining the authorization from Bank of Italy to operate as a collective asset management firm, Milan, Italy-based Primomiglio SGR has launched a new fund focused on accelerating tech startups in Italy.
Led by entrepreneur and investor Gianluca Dettori (vc advisory firm dPixel, TV program Shark Tank Italia, etc.), Barcamper Ventures is an early stage venture capital fund which aims to invest €50m in 200 tech startups during the next five years.
The fund will make at least 40 investments a year leveraging the Barcamper, an itinerant office which will scout local investment opportunities going up and down across the country. It will make operations from €25k (to startups admitted to the Barcamper acceleration program) to over €1m (as a lead investor in early stage rounds).
Barcamper Ventures can also back European and US startups.
The investment activity will start following the first closing of the fundraising phase. Limited partners already include Fondo Italiano d’Investimento, Banca Sella Holding, Unindustria Bologna, Fondazione Puglia and Società Reale Mutua di Assicurazioni.
The Board of Directors of Primomiglio also includes Franco Gonella, Antonio Concolino, Grazia Borri and Andrea Zanoni.