Panakès Partners, a Milan, Italy-based venture capital firm focused on medtech, is to raise its first fund.
The Panakès Fund I has already attracted support from the European Investment Fund, which follows the investment from Fondo Italiano d’Investimento.
It will be the first Italian-based fund focused on the medtech sector (i.e. medical devices, diagnostics and healthcare IT) focusing on areas such as personalised medicine, cardiovascular, oncology, immunology and orthopaedics over the next five years.
Led by founding partners Alessio Beverina, Fabrizio Landi, and Diana Saraceni with Francesco Panfilo acting as President, Panakès is also part of the investor network of Invitalia Ventures.