• EIF attracts €300 million to support the innovation and growth of European smaller and medium-sized space technology companies under the InnovFin Space Equity Pilot,
• New agreements with Orbital Ventures SCA SICAV-RAIF and Primo Space announced at the European Space Conference in Brussels.
• The EIF’s participation is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.

LUXEMBOURG (EIF PR) — The European Investment Fund (EIF) is partnering with the European Commission, to announce €300 million of investments into the EU space sector, supporting ground-breaking innovation in the industry.

• Primomiglio SGR launches first Italian venture capital fund – ‘Primo Space’ – focusing on space investments, with first closing at €58 million and target size of €80 million.
• European Investment Fund (EIF) and CDP Venture Capital SGR act as cornerstone investors in the fund, which was developed with the support of the Italian Space Agency.
• €30 million EIF commitment backed by the new InnovFin Space initiative and the Investment Plan for Europe of the European Commission.

BRUSSELS (European Commission PR) — Italian fund manager Primomiglio  announces the first closing of Primo Space, an early stage venture fund focused on space start-ups.

The first closing of Primo Space reached an initial amount of €58 million with contributions of the European Investment Fund (EIB group), CDP Venture Capital SGR through the VenturItaly Fund of Funds, Compagnia di Sanpaolo, Luigi Rossi Luciani S.a.p.a., Banca Sella, in addition to the SGR itself and its key men.