360 Capital announces €85M close for Poli360 2, targeting €100M
European venture capital firm 360 Capital has successfully raised €85 million for its new technology transfer fund, Poli360 2, with a target of €100 million. This significant capital injection underscores a growing commitment to fostering early-stage deeptech innovation across the continent, aligning with broader European ambitions for technological sovereignty. The fund's focus on translating academic research into commercially viable ventures is crucial for bolstering the region's competitiveness in critical technological domains. Poli360 2, classified as an Article 8 fund under the SFDR, has attracted a diverse investor base, including the European Investment Fund, CDP Venture Capital, and prominent corporate investors like Brembo and MBDA. The fund is poised to make between 20 to 25 investments, with a strong emphasis on Italy, where at least 80% of the capital will be deployed, complemented by allocations for opportunities across Europe. This strategic deployment aims to cultivate a new generation of deeptech companies. The fund's investment strategy strategically targets two key areas: Industry Automation and Sustainability. Within Industry Automation, it will explore opportunities in robotics, Industry 4.0, semiconductors, cybersecurity, artificial intelligence, and IoT, alongside industrial machinery and IT. In Sustainability, the focus will be on new materials, the energy transition, and the circular economy, reflecting the pressing needs of the modern industrial landscape and a drive towards sustainable technological advancement.
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