Eureka! Venture launches €20 million fund to back DeepTech startups in Italy
Milan’s Eureka! Venture today announces the launch of Eureka! Fund II – Deep Tech Lazio, a €20 million early-stage fund investing from PoC and pre-Seed through seed and other early-stage rounds The fund will be managed by Lazio Innova, which is participating as an anchor investor with a commitment of €16 million. “With our first […] The post Eureka! Venture launches €20 million fund to back…
Milan-based venture firm Eureka! Venture has announced the launch of Eureka! Fund II - Deep Tech Lazio, a €20 million early-stage fund. The fund, managed by Lazio Innova which is participating as an anchor investor with €16 million commitment, aims to support DeepTech startups from pre-Seed through seed and other early-stage rounds.
Eureka! Fund II capitalizes on Italy's capacity to develop proprietary technologies that meet industry and market needs, even on an international level. Eureka! Fund II features an innovative profit and loss allocation mechanism designed to reduce barriers to entry and encourage broader private capital investment in innovation. The new fund enters a European DeepTech market that has seen continued investment activity, with numerous financings in Italy.
Lazio's favorable environment, characterized by strong scientific research, world-class technological expertise, and a well-developed industrial base, makes it an attractive location for the fund's investments. The fund will focus on strategic areas such as climate change, sustainability, industry, advanced manufacturing, mobility, infrastructure, security and defence, the silver age and longevity.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
