Primo Space is the first Italian venture capital fund dedicated to the space economy, investing in early-stage startups focused on both upstream (space infrastructure) and downstream (space-enabled applications) technologies. With a fund size exceeding 85 million euros, they provide investments ranging from EUR 50,000 to EUR 5 million, primarily targeting Italian companies but also investing in other European countries, the United States, and Israel. Primo Space is supported by the Italian Space Agency (ASI), the European Investment Fund (EIF), and other prominent investors, aiming to enhance the Italian and European space ecosystem. Key partners include E. Amaldi Foundation, CDP Venture Capital SGR, and several Italian universities.
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The Series A round was led by Blast, the French Ministry of Armed Forces’ Definvest fund managed by Bpifrance, Expansion, Primo Capital through its investment fund Primo Space, Karot Capital, ARIS, and Vertech Finance.
Investors in U-Space's Series A round included Italy’s Primo Space, Karot Capital, ARIS, and Vertech Finance.
Apogeo has raised around five million euros to date for its plans, largely through an investment from Italian early-stage investment fund Primo Space.
Primo Space, an Italian firm, is raising an 80,000,000 EUR fund to back early-stage companies seeking to commercialize space technologies.