Programma 103 Overview
Programma 103 General Information
Description
Programma 103 is a 2023 vintage venture capital fund, managed by P101. The fund is located in Milan, Italy and invests in Italy and Spain. The fund targets digital and technology in B2C and B2B, fintech, prop tech, edtech, and cybersecurity sectors. The fund prefers to invest about EUR 1.0 to 10.0 million per investment. The fund seeks ESG investments. This fund is an article 8 under EU SFDR.
Contact Information
Fund Manager's Location
- Via Chiossetto, 1
- 20122 Milan(Lombardia)
- Italy
Programma 103 Investments (10)
Programma 103 has made a total of 10 investments. Its most recent deal was a with Hotiday for . The deal was made on 06-May-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Company Stage | Lead Partner |
|---|---|---|---|---|---|---|
| Hotiday | 06-May-2025 | Other Restaurants, Hotels and Leisure | Generating Revenue | |||
| Habacus | 20-Dec-2024 | Information Services (B2C) | Generating Revenue | |||
| DataKrypto | 26-Mar-2024 | Network Management Software | Generating Revenue | |||
| Loquis | 22-Dec-2023 | Information Services (B2C) | Generating Revenue | |||
| Aptus.AI | 24-Nov-2023 | Business/Productivity Software | Generating Revenue | |||
| Citynews | 11-Oct-2023 | Publishing | Generating Revenue | |||
| Incapto | 29-Sep-2023 | Beverages | Generating Revenue | |||
| Web3 Pro | 28-Aug-2023 | Media and Information Services (B2B) | Startup | |||
| Streetbeat | 12-Jul-2023 | Seed Round | Financial Software | Generating Revenue | ||
| mama health | 01-Apr-2023 | Early Stage VC | Discovery Tools (Healthcare) | Generating Revenue |
Programma 103 Investment Strategy
Investments by Industry
Investments by Deal Type
Programma 103 Limited Partners (7)
Azimut Holding is one of Programma 103’s 7 limited partners. Its latest Original was on 31-Dec-2024.
| Limited Partner Name | Type | Status | Commitment | Date | Commitment Type |
|---|---|---|---|---|---|
| Azimut Holding | Current | 31-Dec-2024 | Original | ||
| Banca Popolare di Milano | Former | 31-Dec-2024 | Original | ||
| Cassa Depositi e Prestiti | Current | 31-Dec-2024 | Original | ||
| European Investment Fund | Current | 31-Dec-2024 | Original | ||
| Fondo Pensione Dei Dirigenti Dipendenti Da Intesa Sanpaolo E Dalle Sue Societa' Controllate | Corporate Pension | Current | 31-Dec-2024 | Original |
Programma 103 Returns Data
The below charts are illustrative of the type of graphical data available to our clients and do not represent live data.
IRR (%)
DPI (x)
RVPI (x)
TVPI (x)
Programma 103 Returns History
| Period | Contribution (by all LPs) | Dry Powder | Distribution (to all LPs) | NAV | Total Fund Distr+NAV | IRR | DPI | RVPI | TVPI | Dry Powder % |
|---|
Programma 103 Benchmark (9)
| Fund Name | Fund Type | Vintage | IRR | Quartile | As of Date |
|---|---|---|---|---|---|
| Accel London VII | |||||
| Atomico Growth VI | 31-Dec-2024 | ||||
| Felix Capital Fund IV | |||||
| HV Capital Fund IX Venture | 31-Dec-2024 | ||||
| Abingworth Clinical Co-Development Co-Investment Fund | |||||
| Crown Growth Opportunities Global IV | |||||
| Partners Capital Condor Fund XVI | |||||
| Balderton Capital VIII | 31-Dec-2024 | ||||
| Hitachi Ventures Fund III |
Programma 103 FAQs
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What is Programma 103?
Programma 103 is a 2023 vintage venture capital fund, managed by P101.
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Who manages Programma 103?
Programma 103 is managed by P101.
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Where is Programma 103 domiciled?
Programma 103 is domiciled in Italy.
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What is Programma 103's size?
Programma 103 has a size of .
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What type of fund is Programma 103?
The fund type of Programma 103 is Venture.
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What is the status of Programma 103?
Programma 103 is closed.
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What has Programma 103 invested in?
Programma 103 has made numerous investments in companies like Hotiday, Habacus, and DataKrypto within the Restaurants, Hotels and Leisure, Information Services (B2C), and Network Management Software industries.
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What has Programma 103 invested in recently?
Programma 103's latest investment was on 06-May-2025 in Hotiday, a company within the Restaurants, Hotels and Leisure industry.
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