Principia backs Itsworld with €2m
Italian VC firm Principia has injected €2m into Itsworld Sicilia in exchange for a 28% stake in the firm.
The investment was made through the Principia II fund, which closed on €61.3m in 2009, far exceeding its €30m target.
Company
Based in Riesi, Itsworld Sicilia focuses on the commercialisation of Hymera Power Amplifier (HPA) technology, a digital system that monitors photovoltaic plants, optimising components and reducing errors in systems driving the inverter and, ultimately, increasing the amount of electricity produced.
The company is a subsidiary of Milan-based Energy Finance.
People
Andrea di Camillo is a managing partner at Principia.
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