United Ventures and Lazio Innova announce the start of the United Ventures II Lazio (UV2L) parallel fund with a €10 million budget. The fund is co-financed by the Lazio Region using the ERDF OP 2014–2020. It enforces the United Ventures’ strategy of intensifying research and investment in Lazio, a region that is traditionally at the forefront of research and corporate innovation development.
The entrepreneurs from the Lazio Region have always contributed a quality deal flow to United Ventures. This is mainly because Lazio hosts some of the most important Italian accelerators and incubators; universities with a strong research drive capable of producing high-tech spin-offs, and medium and large enterprises with a traditional, significant demand for technology.
UV2L’s investment is in line with United Ventures’ strategy and focuses on highly innovative initiatives in the field of software and digital technologies. It aspires to develop internationally and contribute to the digitization of entire industrial sectors.
The Roman company Exein, founded by Gianni Cuozzo in 2018, has been the first to enter the UV2L fund portfolio. The company operates in the cybersecurity sector and aims to secure the firmware of critical and industrial infrastructure devices and IoT platforms. Exein aims to create the security of things, producing hardware-embedded software to protect the firmware from inside, directly, and at a deeper level.
Massimiliano Magrini, Managing Partner of United Ventures, said:
The digitization process of entire industrial sectors has just begun. Our goal is to support talented entrepreneurs in developing technological companies that can implement it. We are happy to be part of this project by Lazio Innova, which represents a virtuous example of collaboration between the public and private sectors.
Andrea Ciampalini, General Manager of Lazio Innova, added:
Lazio Innova’s investment in Venture Capital funds, such as the case of UV2 Lazio, is an important part of the Lazio Region’s strategy for supporting innovation, as well as those who want to do innovative business in this area. In the case of United Ventures, the private-public partnership also provides for a specific and innovative contribution to the scouting costs. We believe that this will strengthen the presence of a qualified operator, such as United Ventures, in our region.
United Ventures SGR is an independent Italian venture capital manager. It specializes in investing in innovative companies in the digital technology sector. Founded in 2013 by Massimiliano Magrini and Paolo Gesess, United Ventures manages over €170 million raised by Italian and international institutional investors and has invested in over 20 early stage technology companies to date. The current investee portfolio includes, among others, MishiPay, Equalum, Credimi, brumbrum, Exein, MoneyFarm, FaceIt, Loop AI Labs, Cloud4Wi, Musixmatch, and MainStreaming.
United Ventures II Lazio is an Italian closed-end reserved alternative investment fund (AIF) co-financed by Lazio Innova S.p.A., an in-house providing company of the Lazio Region on behalf of the FARE Lazio fund of funds, LAZIO Venture section. It belongs to the incentive program for investments in startup and SME venture capital promoted by Lazio Innova through the “Public Call for Investment Proposals in Supervised Vehicles” of the ERDF OP 2014–2020, published in the Official Bulletin of the Lazio Region No. 50, Supplement No. 1, on June 22, 2017. The fund’s objective is to strengthen the regional ecosystem of startups and innovative companies and to attract qualified managers and more venture capital to the territory.
The total resources available for investments in companies located in Lazio or that intend to open at least one operating office in Lazio are over 73 million, including public and private shares.