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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 20 SOURCES

United Ventures

Also known as United Ventures SGR, United Ventures SGR S.p.A., UV

Independent Milan VC firm (United Ventures SGR, EuVECA manager) investing in B2B and deep-tech companies from early to growth stage through the UV II, UV III and UV T-Growth funds.

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

Focus

STAGES
SeedSeries ASeries BGrowth
ASSET MIX
Venture capital
GEOGRAPHY
ItalyEurope

Overview

United Ventures SGR is a Milan asset management company authorised by the Banca d'Italia as an AIF manager (no. 150, 3 March 2016) and registered as a EuVECA manager. It describes itself as an independent venture capital firm backing technology founders from early to growth stage. Its third early-stage fund (UV III) held a first close of €65M against a €150M target in July 2023, with initial tickets of €1M–€8M. Portfolio companies include Cleafy, Exein, D-Orbit, Moneyfarm and Musixmatch.

Investment thesis

Backs founders using enabling technologies to digitise markets that are still largely undigitalised, from early to growth stage, with a long-term, hands-on approach.

PORTFOLIO (10)

People

  • Massimiliano Magrini
    Founder & Managing Partner · source
  • Paolo Gesess
    Founder & Managing Partner · source
  • Jacopo Drudi
    Partner, Growth · source
  • Fabio Pirovano
    Partner, Growth · source
  • Giulia Giovannini
    Partner, Early Stage · source
  • Alessandro Pasin
    Chief Operating Officer · source
  • Marco Zoccati
    Chief Financial Officer · source
  • Domenico Di Mola
    Venture Partner · source

Links

Frequently asked questions

United Ventures is a VC fund based in Milan, Italy.

Yes. United Ventures invests its own capital in private companies.

United Ventures invests at Seed, Series A, Series B and Growth stages in Software & SaaS, Artificial Intelligence, Fintech, Deep Tech, Space, Food & Agriculture, Crypto & Web3 and Media & Entertainment.

United Ventures's stated ticket size is €1M–€8M.

Key people at United Ventures include Massimiliano Magrini (Founder & Managing Partner), Paolo Gesess (Founder & Managing Partner), Jacopo Drudi (Partner, Growth) and Fabio Pirovano (Partner, Growth).

United Ventures's investments include D-Orbit, Moneyfarm, Musixmatch, Beelzebub, Seltz, Algorithmiq, Cleafy and Exein, among others.

The most recent publicly reported investment by United Ventures is Beelzebub (Seed (€3M, lead)), announced in Jul 2026.

United Ventures states that it accepts submissions.

Yes. United Ventures manages capital from outside investors.