Italy-based venture capital firm Panakès Partners launched its first fund yesterday with contributions from limited partners including pharmaceutical companies Menarini and RottaPharmBiotech, electronics manufacturer Elemaster and care provider SapioLife.
The corporates were joined as LPs by the multilateral European Investment Fund and the Italian state-backed Fondo Italiano d’Investimento.
Panakès is looking to invest in medical technology developers with a particular focus on diagnostic devices and kits, therapeutic medical devices and healthcare IT.
The firm will prioritise companies with strong intellectual…
