Primo Capital is raising €120 million for Primo Space 2, its second fund focused on space and dual-use technology. The first close is expected after the summer.
The 19 companies in the first fund’s portfolio have together raised more than €470 million, which is over eight times the original investment.
McKinsey predicts the global space economy will grow to $1.8 trillion by 2035, but Europe still lacks sufficient investors.
Primo Capital‘s first space-focused fund helped its 19 portfolio companies raise over €470 million, more than eight times the fund’s investment, employ around 900 people, and create over 600 new jobs since its first investment.
Building on this track record, the Milan-based firm is launching Primo Space 2, a €120 million fund aimed at civil and defence space technology.
