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Techshop closes €43M first round for AI-focused Fund II
Milan-based venture firm Techshop has announced the first close of Techshop II at €43 million, surpassing its initial fundraising target. The fund will back pre-Seed and Seed-stage startups building B2B artificial intelligence solutions, with a final target of €100 million by 2027. CDP Venture Capital, Italy's state-backed venture investor, has joined as a reference investor.
Key takeaway: Italy's early-stage ecosystem is gaining institutional depth, with public capital anchoring specialist funds that can give domestic AI founders a credible alternative to raising abroad.
Source: EU-Startups
#startup #VC #funding #tech
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