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Private Equity FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 14 SOURCES

Oltre Impact

Also known as Oltre Impact SGR, Oltre Impact SGR S.p.A. – Gestore EuVECA, Oltre Venture, Oltre Venture SGR, Oltre II SICAF EuVECA

Milan impact investment manager (Oltre, since 2006). Its EuVECA fund Oltre III (2021, €78M) makes €2–8M growth and buyout investments in companies with €2–30M revenue, mainly in Italy.

HEADQUARTERS
Milan, Italy
FOUNDED
2006
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
7 people

FOCUS

STAGES
Series AGrowthBuyout
SECTORS
HealthTechEducationFood & AgricultureClimate & EnergyMobility & LogisticsFintechConsumer & E-commerce
ASSET MIX
Private equityImpact
GEOGRAPHY
ItalyEuropeUnited KingdomSwitzerland

WHAT IT IS

Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.

ABOUT

Oltre Impact SGR (formerly Oltre Venture SGR) is a Milan asset manager registered with Banca d’Italia as an SGR and EuVECA manager, founded by Luciano Balbo and Lorenzo Allevi, who have worked together since 2006. It has run three impact vehicles: Oltre I (2006, €8M, 17 investments), Oltre II (2016, €43M, 23 investments) and Oltre III (2021, €78M, 8 investments by its own count). Oltre III targets companies past the start-up phase with €2–30M revenue, through growth equity and acquisitions, investing 80% in Italy and 20% in the EU, UK and Switzerland. Investors named on its site include the EIF, CDP, Intesa Sanpaolo and Italian family offices.

INVESTMENT THESIS

Invests in companies that address urgent social or environmental challenges with impact at the centre of a scalable business model, in health, wellbeing, community development, education and employment, sustainable finance, food and agriculture, smart cities and mobility, energy and sustainable products; carried interest is tied to impact KPIs.

PORTFOLIO (21)

  • SantagostinoNOTABLE
    HealthTech
  • Accadueo
    Climate & Energy · since 2025
  • Sustainable Platform (THEMOIRè, OOF Wear)
    Consumer & E-commerce · since 2025
  • FABA
    Education · since 2022
  • JobTech
    Software & SaaS · since 2022
  • My English School
    Education
  • Refurbed
    Consumer & E-commerce
  • Kippy
  • Cera
    HealthTech
  • Fifteen
    Mobility & Logistics
  • Medea
    HealthTech
  • Ubiquicom
  • Wonderful Italy
    Consumer & E-commerce
  • Evolvere
    Climate & Energy
  • Trapview
    Food & Agriculture
  • Sfera Agricola
    Food & Agriculture
  • Planet Smart City
    Real Estate & PropTech
  • Koiki
    Mobility & Logistics
  • iRaiser
    Software & SaaS
  • SocialFare
  • PerMicro
    Fintech

TEAM

  • Luciano Balbo
    Co-founder and Managing Partner · source
  • Lorenzo Allevi
    Co-founder and Managing Partner · source
  • Raffaele Fedele
    Partner · source
  • Nicola Lambert
    Partner · source
  • Serena Sabbatini
    Investment Manager · source
  • Giovanni Fabaro
    Investment Associate · source
  • Maddalena De Liso
    CFO & ESG Responsible · source

LINKS

FAQ

Oltre Impact is a private equity fund based in Milan, Italy, founded in 2006.

Yes. Oltre Impact invests directly in private companies.

Oltre Impact invests at Series A, Growth and Buyout stages in HealthTech, Education, Food & Agriculture, Climate & Energy, Mobility & Logistics, Fintech and Consumer & E-commerce.

Oltre Impact's stated ticket size is €2M–€8M.

Key people at Oltre Impact include Luciano Balbo (Co-founder and Managing Partner), Lorenzo Allevi (Co-founder and Managing Partner), Raffaele Fedele (Partner) and Nicola Lambert (Partner).

Oltre Impact's investments include Santagostino, Accadueo, Sustainable Platform (THEMOIRè, OOF Wear), FABA, JobTech, My English School, Refurbed and Kippy, among others.

The most recent publicly reported investment by Oltre Impact is Accadueo (Majority acquisition), announced in Apr 2025.

Oltre Impact states that it accepts submissions through its official contact page.

Yes. Oltre Impact manages capital from outside investors.