Two venture-capital firms combined to form UNITED VENTURES, supported by a large institutional player, Fondo Italiano di Investimento acting as anchor investor. This was first ever Investment Company founded upon the entrepreneurial venture capital model already successfully established in advanced VC markets. It closed initially at €30 million, and then set a fund-raising target of €50 million.
This model is labelled “entrepreneurial” as it is based upon partners capable of truly and effectively combining their industry expertise with the financial capacity on the basis of solid track records. UNITED VENTURES brings together the skills and experience of Annapurna Ventures (founded by Massimiliano Magrini) specialized in seed funding (founded by Massimiliano Magrini), and Jupiter Venture Capital – specialized in early-stage and late-stage investments (founded by Paolo Gesess in 1990).
The United Ventures team includes very high calibre professionals with a thorough grasp of the digital technology market.
Mario Mariani (founder of incubator The Net Value and former partner of Annapurna Ventures), together with Sergio Zocchi (former partner of Jupiter Ventures) both have a long history of stable, consolidated, entrepreneurial, managerial and investment experience.
UNITED VENTURES, supported by important institutional and private investors, aims to contribute to the significant witnessed in recent months in Italy’s start-up arena, by leveraging growth and innovation.
The goal: give rise to a virtuous development effect for new companies with a technology focus, as well as more traditional business, which can – and indeed must – take advantage of the creation of a new entrepreneurial framework aimed at seizing opportunities for expansion and increased competitiveness through M&A transactions.
The United Ventures team includes very high calibre professionals with a thorough grasp of the digital technology market.
Mario Mariani (founder of incubator The Net Value and former partner of Annapurna Ventures), together with Sergio Zocchi (former partner of Jupiter Ventures) both have a long history of stable, consolidated, entrepreneurial, managerial and investment experience.
UNITED VENTURES, supported by important institutional and private investors, aims to contribute to the significant witnessed in recent months in Italy’s start-up arena, by leveraging growth and innovation.
The goal: give rise to a virtuous development effect for new companies with a technology focus, as well as more traditional business, which can – and indeed must – take advantage of the creation of a new entrepreneurial framework aimed at seizing opportunities for expansion and increased competitiveness through M&A transactions.
In addition to Fondo Italiano di Investimento, the initial deal included Fondazione Banco di Sardegna, Fondazione Cassa di Risparmio di Lucca, Banca Sella and Banca Patrimoni.
Massimiliano Magrini, Co-founder and Managing Partner, explained:
“There is a whole generation of young Italians with entrepreneurial talent who prefer to take the opportunity to create their own jobs rather than look for one. To do so, they need to start their own companies, and this is why the system needs venture capital. UNITED VENTURES was founded with this in mind: we provide venture capital to create successful, innovative companies, and thus high-quality jobs in the digital market. This, by its own nature gives rise to companies that operate globally. In addition, innovative companies can act as a driver for the growth of Italian industry at large.”
Paolo Gesess, co-founder and managing partner added: “This initial round, completed with support from both institutional investors and successful digital economy entrepreneurs, is only the first stage in a process that, we, as entrepreneurs and operators in the digital sector with the highest rate of innovation, believe needs to be completed as swiftly as possible. This is why UNITED VENTURES has set itself a growth target that will allow it to carry out its business by interacting with other operators in the national and international ecosystem through co-investing.”
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