Milan-based United Ventures, an independent venture capital firm, announced that it has launched United Ventures III, a €150M fund for sustainable digitisation through tech-enabled solutions.
With a mission to fuel innovation and sustainability, United Ventures III will invest in 15 to 18 early-stage European technology companies. Its initial investment tickets will range from €1 to €8 million, targeting ventures that pioneer cutting-edge technology solutions.
Backed by Moneyfarm, Musixmatch, and FACEIT, the fund aims to disrupt and digitise currently untapped sectors, ultimately elevating people’s quality of life and promoting a more sustainable and progressive society.
In line with those core values, United Ventures’ newest fund will prioritise “visionary entrepreneurs” whose ambitions go beyond mere profitability.
“United Ventures’ new fund will focus on investing in visionary entrepreneurs who tackle critical issues, and that are often underestimated in their early stages,” says Massimiliano Magrini, co-founder and managing partner at United Ventures.
“We believe that these companies have the power to make meaningful societal advancements by harnessing innovations that fall outside the tech sector’s typical hype cycles,” he adds.
IItaly’s venture capital trailblazer
United Ventures stands out in the world of venture capital by championing innovative entrepreneurs set on reshaping industries through technology.
Established in 2013, the firm has solidified its position as a prominent player in Italy, boasting a diverse team of 15 venture professionals.
Paolo Gesess, co-founder and managing partner at United Ventures, puts a strong emphasis on United Ventures’ commitment to maintaining its reputation.
“Raising a fund in the midst of a challenging macroeconomic environment is a testament to United Ventures’ strong reputation in the industry and our ability to identify the most promising investment opportunities,” says Gesess. “It also represents a vote of confidence in the potential of our ecosystem to drive innovation and create value.”
The firm has appointed industry experts Giulia Giovannini and Sara Lovato as investment partners of the new fund.
To strengthen its operational capabilities and drive portfolio growth, United Ventures has also appointed Italian investor Jacopo Drudi as the operating partner.
This expansion also entails the appointment of Mariarosaria Taddeo, who now serves as the second independent member of the board of directors.
Taddeo is a distinguished expert in the field of artificial intelligence and is actively engaged in researching the ethics of digital technologies and defence technologies at both the Oxford Internet Institute of the University of Oxford and the Alan Turing Institute.
Her influence extends beyond academia as she serves on the Ethics Advisory Panel for the British Ministry of Defense, the Board of the Italian Institute of Technology, as well as the Scientific Advisory Board of the Leonardo Foundation.
With such a diverse background, her addition to the board brings invaluable insights and expertise, elevating the company’s standing in navigating the ethical dimensions of cutting-edge technologies.
These strategic moves mark a significant advancement for United Ventures and signify their commitment to further success and expertise.
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