Atlante Ventures, a corporate venturing fund sponsored by Italy-based bank Intesa Sanpaolo Group, has invested €1m ($1.5m) in local chip company Logitech.

Another €500,000 was provided by Logitech’s current financial shareholder, the €50m Fondo Toscana Ventures, part of SICI (Sviluppo Imprese Centro Italia). SICI had invested €1m in May 2005 in Logitech.

Davide Turco, head of Atlante Ventures, one of Intesa Sanpaolo’s two venture capital funds started in 2008 with €25m, said: "The technology developed by the company [Logitech] and…

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