The Politecnico di Torino cybersecurity spinout has become the first investment for the Italian-government backed tech transfer fund VV3TT.

ToothPic, an Italy-based cybersecurity identification technology spinout from Politecnico di Torino, today closed a seed round of undisclosed size with capital from the Italian government-backed Vertis Venture 3 Tech Transfer (VV3TT) fund.

VV3TT is capitalised by Itatech, a program launched in January 2017 by national promotional institution Cassa depositi e prestiti and the EU-owned European Investment Fund to widen equity access for Italy’s tech transfer ecosystem.

While Itatech did not give an official figure for ToothPic’s round, news publication…