Italy’s Panakès Partners launches €8.5 million investment vehicle targeting Lombardy’s MedTech and BioTech
Milan’s Panakès Partners has raised 8.5 million euros from Lombardia Venture STEP, the venture capital fund of funds promoted by the Lombardy Region in order to invest in companies that are active in life sciences, MedTech and BioTech sectors. Lombardia Venture STEP, financed by European funds from the PR FESR Lombardy 2021-2027 and managed by […] The post Italy’s Panakès Partners launches €8.5…
Panakès Partners, a venture capital firm based in Milan, has established an €8.5 million investment vehicle targeting Lombardy's MedTech and BioTech sectors. The initiative, named Panakès Fund – Fondo Parallelo Lombardia, was launched in partnership with Lombardy Region's venture capital fund, Lombardia Venture STEP, and Finlombarda.
Lombardia Venture STEP is funded by European funds from the PR FESR Lombardy 2021-2027 and managed by Finlombarda, aiming to provide access to venture capital for innovative companies in Lombardy. Diana Saraceni, Founder and Managing Partner of Panakès Partners, expressed enthusiasm about the new fund, stating that it is a significant step in supporting promising startups and scaleups in the MedTech and BioTech fields.
The investment vehicle will co-invest alongside Panakès Fund and Purple Fund, in line with PR FESR Lombardy 21-27 provisions.
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