United Ventures Closes Fund At $80M, Plans To Take Italian Talent Global

Nov 01, 2014 919

Last year two Italian VC firms and an institutional player combined to from United Ventures, based out of Milan. They closed a first round of funding at €30 million ($39M) but aimed for €50 million.

It was a welcome move as the Italian tech scene has formerly languished through lack of funds, despite a growing entrepreneurial and startup scene, as we've seen in the last few years at events we've held there. The Italian Startups Facebook group has over 17,000 members, for instance. And accelerator / fund H-Farm Ventures has attracted international interest for it's open approach to startups.

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Source: http://techcrunch.com

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