360 Capital launches €60m fund

Alessia Argentieri
06 September 2018

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360 Capital, in partnership with technology-focused university Politecnico di Milano, has launched Poli360, a venture capital fund with a €60m target.

Unquote understands that the fund has raised around €45m so far and expects to make its first investment in October.

Investors
The fund's cornerstone investors are the European Investment Fund and Cassa Depositi e Prestiti, which committed a large part of the capital raised.

In addition, the fund plans to promote technology transfer from universities to the private sector and expects to receive commitments from several industrial corporations, both Italian and international. Milan-listed manufacturer of automotive brake systems Brembo has already invested in the vehicle, Unquote understands.

Investments
The vehicle targets technology projects and startups launched primarily by Politecnico di Milano, but also developed by other Italian and European universities. It will deploy 90% of its capital in Italy, while the remaining 10% may be invested in the rest of Europe.

Poli360 will provide equity tickets between €100,000-3m and acquire minority stakes of around 20-30%. The fund will be able to support the entire lifecycle of selected technology projects and startups, from their initial development to the commercial launch of their products on the market.

People
360 Capital Partners – Cesare Maifredi (general partner).