Cisco and Metec have helped add capital to the latest fund formed by Italian government-owned VC fund manager Invitalia Ventures.
Italian government-owned venture capital fund manager Invitalia has achieved a new close for its Italia Venture I fund at €65m ($74.5m) following contributions from corporates Cisco and Metec.
Invitalia Ventures is the investment arm of Italy’s National Agency for the Attraction of Investments and Enterprise Development.
Italia Venture I was established in October 2015 and secured an initial €50m from the country’s Economic Development Ministry. It has a final target of €100m.
The additional capital comes from networking equipment producer…
