360 Capital has closed its third fund at €30M

360 Capital creates 360 Digitaly, a fund of €30M for Seed investment in digital startups to develop digital breakthroughs above Europe’s emerging technologies.

360 Capital’s New Fund to Finance Digital Change:

The Italian French VC firm 360 Capital has closed its new fund, 360 Digitaly, at €30M in its first raising. This fund aims to fund young entrepreneurial ventures that are creating new digital business models across industries that are still predominantly offline. Through the funding of digital-first companies, 360 Capital can help create a more digital economy.

Backed by EU Resources:

The €30m funding includes CDP Venture Capital’s Digital Transition Fund, which received capital from the EU’s NextGeneration EU channel. Its goal is to engender an innovation ecosystem and approximate industries that have not embraced technology in this environment.

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360 Digital has already committed to five startups, these companies are a digital driving school named Guidoio, a sustainable pet wellness brand Jampy, a SaaS platform for improving the feedback at the workplace – Zefi AI, a talent management tool – Talentware, and an AI-based procurement platform for supplier selection – Soource. All these startups showcase that they aim to use technology to solve certain problems in industries.

Supporting Local Participants and Intellectual Property:

360 Capital has been designed to bring Italy’s highly skilled individuals back into the nation by funding innovative Italian digital entrepreneurship. Founded by Partner Lucrezia Lucotti, 360 Digitaly focuses on Di&I policies and aims to promote Italian startup culture.

With the continued growth of the fund at 360 Digital, the firm will open up its doors to more investors. Especially, this initiative indicates a serious intention from 360 Capital and CDP Venture Capital to assist Italy and Europe in offering startups that will assist in attaining technological and economic growth in the modern digital world.

Image Credit: 360 Capital