Banca Mediolanum Invests €3M in United Ventures

LogoBM_2007Italian financial services company Banca Mediolanum has invested in United Ventures, a venture capital firm that backs Italian tech startups.

According to reports, the operation amounted to €3m.

Led by Co-Founder e Managing Partner Massimiliano Magrini, United Ventures focuses on investing in Italian startups in the Consumer Internet, Software and Mobile sectors. It currently has 10 companies in portfolio aiming to invest €60M in over 20 ventures.

Commenting on the announcement, Magrini said: “In order to develop the vc industry in our country, we need institutional investors with a positive vision of the innovation processes and the solutions necessary to support them“.



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