Insurance company Società Reale Mutua di Assicurazioni has contributed to the $30m first close of Barcamper Ventures, a venture capital fund formed by Italy-based asset management firm Primomiglio, FinSMEs reported yesterday.
Barcamper intends to provide funding for up to 200 Italy-based startups, as well as some from elsewhere in Europe and the US, which will emerge from Barcamper, a startup accelerator managed by VC and advisory firm Dpixel.
The fund’s other limited partners include financial services firm Banca Sella, Fondo Italiano d’Investimento, Unindustria Bologna, Fondazione Puglia and angel investor Ignazio Carrassi.
Primomiglio aims to reach a €50m ($56m) final close for Barcamper in the next year. Gianluca Dettori, Primomiglio’s executive chairman, told FinSMEs the fund’s sweet spot is below €250,000, and that it will mainly look to back startups on the ICT/tech/digital spectrum.
– Photo courtesy of Barcamper