A2A has formed a corporate venturing vehicle with $78m in funding, including a commitment from Polytechnic University of Milan’s Poli360 fund.

Italy-based energy utility A2A launched a €70m ($78m) corporate venture capital fund called A2A Horizon yesterday.

The is also backed by Poli360, the university venture fund of Polytechnic University of Milan, and 360 Capital Partners, the venture capital firm that manages Poli360.

A2A Horizon will invest in startups with strategic value to the business of its corporate parent, in areas such as the circular and sharing economy, artificial intelligence, blockchain-based grid control and remote plant management systems, home automation and…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.