United Ventures Launches €150M Early Stage Fund III

Paolo Gesess, and Massimiliano Magrini, United Ventures
Paolo Gesess, and Massimiliano Magrini, United Ventures

United Ventures, a Milan, Italy-based venture capital firm, launched its new fund, United Ventures III, with a target fund size of €150m.

The firm has finalized the first closing and received commitment from Italian and international institutional investors. Upon completion, the total volume of funds under managed by United Ventures – which already manages two early stage funds and a growth fund – will reach €500m in total.

Fund III will invest in 15 to 18 early-stage European technology companies, with initial investment tickets ranging in size from €1 to €8m. The investment focus is on companies that develop innovative technology solutions to innovate yet to digitize sectors in order to improve people’s quality of life and promote a more sustainable development of society.

Founded ten years ago by Massimiliano Magrini, and Paolo Gesess, United Ventures currently has a team of 15 professionals with diverse backgrounds and skills and a track record with 35 investments in Europe and the United States. In 2022, the firm exited FACEIT and Musixmatch, with an over 10x return on investment.

In order to enhance the team, United Ventures also appointed Giulia Giovannini and Sara Lovato as Investment Partners, Jacopo Drudi as Operating Partner, and Mariarosaria Taddeo as independent Board member.