ITALY - Quantica's second fund closes on EUR 65m

Among the fund's backers are the Italian Ministry of Innovation which contributed 50% of the committed capital. The balance was provided by bank foundations (11.1%); banks (8.7%); pension Funds (29.3%); and investment holdings (0.8%).

Principia II will be invested in high-tech spin-offs and start-ups in Southern Italy. A portion of the fund is earmarked for expansion deals. The fund's deployment period is four years.

Quantica launched the second fund in January last year.

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