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

• Jan 2026investment
  P101 co-led a €8.5 million financing round for Carol, structured as a mix of equity and a €2 million bank loan from Banca Sella, alongside Futura SGR. tracxn.com
• Jul 2025investment
  P101 participated in a second tranche of Soplaya's Series A round, which raised an additional €6 million. Co-investors included CDP Venture Capital, Alkemia Capital, and Riello Investimenti Partners. tracxn.com
• 2025investment
  P101 reached 59 total portfolio companies, with 5 new investments made in the 12 months to May 2026. Its most recent deal was participation in a Series B round for Cosmico. tracxn.com
• 2025press
  Partner Giorgio Pastarini spoke at the baby vc Bootcamp on April 17th, joining a panel on deal-closing alongside Raffaele Mauro from Primo Ventures. The session was hosted by Sella Venture Partners SGR. linkedin.com
• 2025press
  Partner Stefano Guidotti took part in LHH's 'Sparks of Business' event series, discussing challenges in the Italian venture capital market alongside senior figures from LHH Recruitment Solutions. linkedin.com
• Jan 2026investment
  P101 participated in Carol's €8.5 million financing transaction, which included a €2 million bank loan from Banca Sella, alongside Futura SGR. tracxn.com
• 2025investment
  P101 invested €3.5 million in Toduba, a Turin-based corporate welfare platform. linkedin.com
• Jul 2025investment
  P101 co-invested in Soplaya's second tranche of its Series A round, raising an additional €6 million. Co-investors included Alkemia Capital, CDP Venture Capital, and Riello Investimenti Partners. tracxn.com
• 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

Notable investments

• CosmicoSeries B2025tracxn.com
• CarolGrowth (€8.5M financing)Jan 2026tracxn.com
• SoplayaSeries A (second tranche)Jul 2025tracxn.com
• TodubaUndisclosed2025app.dealroom.co
• HotidayUndisclosed2025app.dealroom.co
• CarolDebt/FinancingJan 2026tracxn.com
• SoplayaSeries AJul 2025tracxn.com
• CarolDebt/GrowthJan 2026pitchbook.com
• DataKryptoEarly StageJan 2026linkedin.com
• A-CubeSeedMay 2026tracxn.com
• Cyber GuruGrowthrocketreach.co
• HabytGrowthrocketreach.co

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
• https://www.linkedin.com/in/alessandrotavecchio/

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