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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

P101 SGR

Also known as P101, P101 Società di Gestione del Risparmio S.p.A., P101 Ventures, Prana Ventures, PranaVentures, Prana Ventures SICAF EuVECA S.p.A.

Milan venture capital SGR and EuVECA manager investing from seed to early growth in tech companies through the Programma 101–103 funds; seed via Prana Ventures, integrated in 2026.

HEADQUARTERS
Milan, Italy
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
Pre-SeedSeedSeries ASeries BGrowth
SECTORS
Software & SaaSFintechHealthTechEducationMobility & LogisticsClimate & EnergyArtificial Intelligence
ASSET MIX
Venture capitalFunds (as LP)
GEOGRAPHY
ItalyEurope

Investment arms & vehicles

  • Prana Ventures
    Dedicated seed platform of P101 (integrated in 2026); runs the Prana101 pre-seed/seed fund

Overview

P101 SGR is a Milan asset management company registered with the Banca d'Italia as an AIF manager and EuVECA manager. It describes itself as a multi-stage venture capital firm taking minority stakes in technology companies from seed to early growth. Its funds include Programma 101 (€67M, 2013), Programma 102 (€102.5M, 2018) and Programma 103 (launched December 2022), plus mandates for Azimut vehicles. In June 2026 it integrated the seed investor PranaVentures and began raising the Prana101 seed fund (target €100M).

Investment thesis

Minority stakes in tech-enabled companies with an ESG footprint, from seed to early growth, across edtech, fintech/insurtech, digital health, SaaS, mobility and sustainability; seed deals through the Prana Ventures team.

PORTFOLIO (16)

  • MusixmatchNOTABLE
    Media & Entertainment · Exited
  • MusementNOTABLE
    Consumer & E-commerce · Exited
  • TannicoNOTABLE
    Consumer & E-commerce · Exited
  • Biorsaf
    Software & SaaS · since 2026
  • Aptus.AI
    Artificial Intelligence
  • A-Cube
    Fintech
  • Cyber Guru
    Software & SaaS
  • Habyt
    Real Estate & PropTech
  • Unguess
    Software & SaaS
  • Wonderflow
    Software & SaaS
  • Cortilia
    Food & Agriculture
  • Opyn
    Fintech
  • Milkman
    Mobility & Logistics
  • Velasca
    Consumer & E-commerce
  • Deporvillage
    Consumer & E-commerce · Exited
  • Keyless
    Software & SaaS · Exited

People

  • Andrea Di Camillo
    Founder, CEO & Managing Partner · source
  • Giuseppe Donvito
    Partner · source
  • Glenda Grazioli
    Partner · source
  • Stefano Guidotti
    Partner · source
  • Alessandro Tavecchio
    Partner · source
  • Antonio Turroni
    Partner · source
  • Lisa Di Sevo
    Founder of PranaVentures; leads the seed strategy · source
  • Guido Giordano
    Partner (seed strategy, PranaVentures) · source

Links

Frequently asked questions

P101 SGR is a VC fund based in Milan, Italy.

Yes. P101 SGR invests its own capital in private companies. It also commits capital to third-party funds as an LP.

P101 SGR invests at Pre-Seed, Seed, Series A, Series B and Growth stages in Software & SaaS, Fintech, HealthTech, Education, Mobility & Logistics, Climate & Energy and Artificial Intelligence.

Key people at P101 SGR include Andrea Di Camillo (Founder, CEO & Managing Partner), Giuseppe Donvito (Partner), Glenda Grazioli (Partner) and Stefano Guidotti (Partner).

P101 SGR's investments include Musixmatch, Musement, Tannico, Biorsaf, Aptus.AI, A-Cube, Cyber Guru and Habyt, among others.

The most recent publicly reported investment by P101 SGR is Biorsaf (€5.2M round (lead)), announced in Sep 2026.

P101 SGR states that it accepts submissions through its official contact page.

Yes. P101 SGR manages capital from outside investors.