Italy’s United Ventures announces first close of new €150 million early-stage fund

Milan-based VC firm United Ventures has raised €65 million of a targeted €150 million fund. The firm intends to invest in 15 to 18 early-stage European startups, offering ticket sizes ranging from €1 to €8 million.

Already managing two early-stage funds and one growth fund, upon completion of the third early-stage fund United Ventures will collectively manage half a billion EUR.

Operating for the past decade, United Ventures has supported more than 35 companies including Young Platform, Moneyfarm, FACEIT, and Musixmatch. In the latter two, United Ventures saw exits that both yielded over a 10x return on the investment.

"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,”commented United Ventures Managing Partner Paolo Gesess. “It also represents a vote of confidence in the potential of our ecosystem to drive innovation and create value.”