P101 Ventures

Quick read

P101 Ventures (P101 SGR) is a multi-stage venture capital firm founded in 2013 and headquartered in Milan, Italy. It manages over €400M across five funds — including a dedicated seed platform, Prana Ventures — and has backed more than 58 digital and technology companies across Europe. Its €250M flagship fund, Programma 103, closed in 2024 and targets early-stage startups with demonstrated traction.

Key facts

Founded

2013

Founders

Andrea Di Camillo

Employees

250

Sectors

generalist, saas, fintech, ai

Website

p101.it

Investment thesis

P101 backs early and growth-stage digital and technology companies across Europe, targeting startups with €1M+ ARR across fintech, SaaS, cybersecurity, proptech, and marketplaces. Investments typically range from €1M to €5M with capital reserved for follow-on rounds.

Recent activity

• May 2026investment
  P101 co-invested in A-Cube, an Italian regtech company, as part of a €4M funding round to expand its e-invoicing platform. tracxn.com
• Jan 2026investment
  P101 participated in an €8.5M financing transaction for Carol, a clinics/outpatient services company, alongside Futura SGR and Banca Sella. pitchbook.com
• Jan 2026investment
  P101 SGR and the CYSERO EuVECA fund jointly invested in DataKrypto, an encryption-by-design cybersecurity startup. linkedin.com
• Jul 2025investment
  P101 joined a syndicate investing in Soplaya's second tranche of its Series A round, totalling €6M, alongside CDP Venture Capital and Riello Investimenti Partners. tracxn.com
• 2024fundraise
  P101 closed its Programma 103 fund at €250M, targeting early-stage European tech startups. CDP Venture Capital's Digital Transition Fund participated as an LP. sifted.eu

Notable investments

• CarolDebt/GrowthJan 2026pitchbook.com
• DataKryptoEarly StageJan 2026linkedin.com
• A-CubeSeedMay 2026tracxn.com
• SoplayaSeries AJul 2025tracxn.com
• Cyber GuruGrowthrocketreach.co
• HabytGrowthrocketreach.co
• MusixMatchGrowthrocketreach.co
• CortiliaGrowthrocketreach.co
• MilkmanGrowthrocketreach.co
• Fatmap (acquired by Strava)Growthsifted.eu

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Andrea Di Camillo · Founder & Managing Partner
• Giuseppe Donvito · Partner
• Glenda Grazioli · Partner
• Giorgio Pastarini · Partner
• Tommaso Condulmari · Data Analyst
• Bartolomeo Bovio · Partner
• Andrea Romagnoli · Partner

Sources

• Early-stage Italian VC firm P101 closes €250m investment fund | Sifted
• P101 Information | RocketReach
• P101 - 2026 Investor Profile, Portfolio, Team & Investment Trends | Tracxn
• P101 investment portfolio | PitchBook
• P101 | LinkedIn
• P101: The Early Stage Founder's Guide | Superscout
• P101 x Rundit: Streamline VC Portfolio Management

Other VCs in Italy

• United Ventures · Multi-stage VC, Milan·
• Primo Capital · Multi-stage VC, Milan·
• Indaco Venture Partners · Multi-stage VC, Milan·
• Vento Ventures · Seed VC by Bending Spoons, Milan·
• LIFTT · Deep-tech VC, Turin

Explore VCs by sector

• Generalist in Italy
• SaaS in Italy

Globally

• Generalist worldwide
• SaaS worldwide

Frequently asked