Primo Space Fund

Primo Space Fund, launched in July 2020, is the first Italian venture capital fund focused exclusively on the space economy. With a final closing of over 85 million in 2022, the fund invests in promising seed to early-stage companies in the space tech sector. Notable investments include D-Orbit, a global leader in space logistics, and Caracol AM, a scale-up developing large-format 3D printing for the aerospace industry. The fund aims to support innovative solutions that integrate space technologies to enhance life on Earth. Backed by prominent investors such as CDP Venture Capital SGR S.p.A., European Investment Fund, and Compagnia di San Paolo, Primo Space Fund is supported by InnovFin Equity, with financial backing from the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI).

Is Primo Space Fund the right VC for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with Primo Space Fund, along with a list of other relevant VCs, is available on Hopohopo.io.

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Investment thesis

Primo Space Fund invests in the “upstream” infrastructure layer – launchers, satellites, ground stations, – as well as “downstream” applications like comms, cryptography, Earth observation, and satellite-enabled services. Focused on scalable space-based solutions, the firm backs teams aiming to reshape sectors valued at an estimated $1.8 trillion market by 2035.

Invest in

  • Baltics
  • Nordics
  • Western Europe
  • Southern Europe
  • Central Eastern Europe
  • North America

Customer types

  • Governments
  • Large enterprises

Product type

  • Hardware
  • Software-enabled hardware

Industries / verticals

  • SpaceTech / Aviation

Investment details

Investment role

Lead and follow

Stages

Pre-seed, Seed, Series A

First ticket size

€50,000 - €5,000,000

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