Italian tech transfer fund Eureka has attracted an initial $44.9m from LPs including ItaTech as well as Umbra and Saes to invest in spinouts from domestic institutions.

Italy-based venture capital firm Eureka Venture has secured €38m ($44.9m) for the initial close of a fund to invest in materials and engineering spinouts of 22 domestic universities and research centres, StartupBusiness reported today.
The Eureka Fund I – Technology Transfer – first announced in September 2019 – has a $59m target and is anchored by ItaTech, the tech transfer-focused investment partnership of the EU-owned European Investment Fund (EIF) and economic development bank Cassa Depositi e Prestiti.

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