The Italian Space Agency has put its weight behind the $93m Astra Ventures that will invest in spinouts developing space technologies.
Italy-based venture capital firm Primomiglio is set to launch an €80m ($93m) fund by the end of this year to invest in space technology companies, Startup Business reported yesterday.
The fund, Astra Ventures, has attracted the Italian Space Agency, ASI, as a cornerstone investor and will invest in spinouts, startups and small and medium-sized enterprises. It aims to be fully operational and make its first investments in 2019.
The vehicle will invest both in companies developing spatial infrastructure and in…
