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Venture Capital
FINANCIAL | Investment Firms & Funds
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Investments

40

Portfolio Exits

3

Funds

5

About United Ventures

United Ventures is an independent early-stage Venture Capital firm supporting visionary entrepreneurs to reinvent industries through technology. Founded in 2013 in Milan by Massimiliano Magrini and Paolo Gesess, United Ventures manages over €170 million raised from Italian and international institutional investors and has so far invested in over 20 early-stage companies in the field of software and digital technologies. The current portfolio includes MishiPay, Equalum, Exein, Credimi, brumbrum, Moneyfarm, Cloud4Wi, MusiXmatch, MainStreaming, PaperLit, FACEIT, and Loop AI Labs.

United Ventures Headquarter Location

Piazza Fontana 1

Milan, 20122,

Italy

+39 02 87284050

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Latest United Ventures News

Exein announces €6 million Series A funding round to help developers build safer IoT devices

Sep 22, 2021

Exein announces €6 million Series A funding round to help developers build safer IoT devices eCAPITAL NEWS 22.09.2021 Exein, the Rome-based IoT cybersecurity company, today announced it has completed a €6 Million Series A funding round. The investment is co-led by eCAPITAL ENTREPRENEURIAL PARTNERS, a German independent VC firm focusing on early-stage DeepTech investments and Future Industry Ventures, an investment fund dedicated to the future of manufacturing and advised by VC experts Redstone. The round also saw participation from existing investor United Ventures, the Italian venture capital firm specializing in investments in digital technologies. Rising along with the number of embedded devices – think routers, phones, cars, home automation, and industrial devices – is the vulnerability to security loopholes and cyberattacks. According to Gartner, by 2022, 70% of organizations that don’t have a firmware upgrade in place will be breached due to a firmware vulnerability. In this context, Exein has developed an open-source set of tools for self-protection and remote monitoring that is designed to help embedded systems recognize and ward off undesirable behavior. This is a new approach especially suited to the 30.9 billion IoT devices predicted to be in operation by 2025: rather than relying on external measures to keep this tech secure, Exein focuses instead on intrinsic, embedded security that acts as an immune system working from within the device. Easy to integrate, the Exein solution offers a seamless implementation experience for developers in charge of firmware, thus greatly widening access to security. The fresh round of funding is expected to fuel the company’s planned architectural product expansion that will bring Exein capabilities also to other markets such as Industrial IoT, Automotive and Medical IoT as well as the accompanying upcoming tech hirings, which are expected to increase to cope with growing traction. IoT and embedded vulnerabilities are on the rise. We believe that in order to truly secure IoT and embedded systems, developers must be empowered with the right tools for effective security by design. We are on a mission to build the world’s first ecosystem for security, and we are delighted to onboard our new investor FIV, a fund with whom we share the belief in the key role of data protection and cybersecurity in industry 4.0 as well as eCAPITAL, an experienced DeepTech investor from Germany with an extensive international network and expertise in cyber security investments. Gianni Cuozzo, Founder and CEO, Exein Exein has an outstanding team and we are impressed by their elegant solution of securing virtually any IoT device. There have already been some impressive use cases across a variety of industries, proving the wide applicability of Exein’s approach. That in turn speaks to the company’s massive potential to pave the way for secure IoT. Our fund, Future Industry Ventures, stands for the future of manufacturing, which means on the one hand higher connectivity and IoT, but also, crucially, cybersecurity for embedded systems. Security is indispensable, and this is exactly the kind of innovation that we believe will make industrial manufacturing safer, more transparent, attack-proof, better for everybody. Philipp von Hagen, Managing Partner, Future Industry Ventures While traditional approaches to securing embedded and IoT devices aim to reduce programming errors in the firmware, Exein’s solution detects malicious behavior during the operation of the devices. With this new approach, Exein has seen tremendous growth recently and attracts enormous interest in the developer community. Exein fits perfectly into our portfolio of cybersecurity startups supported by eCAPITAL’s dedicated cybersecurity fund.” Dirk Seewald, Partner, eCAPITAL About Exein Exein is the first Open Source framework for IoT security. Designed with a strong focus on developer-first security, Exein looks to tackle the huge threat posed by embedded devices and the vulnerabilities carried within their firmware by providing developers with simple and effective tools for identifying, blocking and resolving potential anomalies in their IoT devices. Founded in 2018, today Exein is working with key global partners in the critical infrastructure, automotive and network infrastructure industries and its embedded technology is actively protecting more than 600’000 devices IoT every day. About eCAPITAL eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 280 million under management and was lead investor of some very successful German exits like sonnen, Novaled or Jedox. About Future Industry Ventures As the only platform worldwide within the Industry 4.0 area, FIV invests in European scale-up technologies in order to raise their potential to an international level and builds globe companies from the EU ecosystem. The focus is on best-in-class innovations that have the capability to drive the future of this industry through digitalization technologies. The fund’s aim is to promote scale-ups from the early growth stage onwards and to build strong partner networks between Europe and Asia. About United Ventures United Ventures SGR SpA is an independent Venture Capital firm supporting visionary entrepreneurs to reinvent industries through technology, from early to growth stage. Founded in 2013 by Massimiliano Magrini and Paolo Gesess, United Ventures manages over €300 million raised from Italian and international institutional investors and has invested in over 25 technology companies. The current portfolio includes Entando, Young Platform, Deliveristo, BOOM, InSilicoTrials, Fiscozen, xFarm, MishiPay, Equalum, Credimi, Exein, brumbrum, MainStreaming, FaceIT, Musixmatch, Datrix, Cloud4Wi, and Moneyfarm. Press Contact

United Ventures Investments

40 Investments

United Ventures has made 40 investments. Their latest investment was in Exein as part of their Series A on September 9, 2021.

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United Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series A

Exein

$7.04M

No

eCapital entrepreneurial Partners, and Future Industry Ventures

2

8/3/2021

Series C

Entando

$11M

Yes

Vertis SGR

2

6/28/2021

Series A

Young Platform

$4.17M

Yes

Ithaca Investment, Luca Ascani, Max Ciociola, and Pietro Invernizzi

3

12/22/2020

Series A

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$99M

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10

10/28/2020

Series A

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$99M

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10

Date

9/22/2021

8/3/2021

6/28/2021

12/22/2020

10/28/2020

Round

Series A

Series C

Series A

Series A

Series A

Company

Exein

Entando

Young Platform

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Amount

$7.04M

$11M

$4.17M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

eCapital entrepreneurial Partners, and Future Industry Ventures

Vertis SGR

Ithaca Investment, Luca Ascani, Max Ciociola, and Pietro Invernizzi

Sources

2

2

3

10

10

United Ventures Portfolio Exits

3 Portfolio Exits

United Ventures has 3 portfolio exits. Their latest portfolio exit was LoveTheSign on January 17, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/17/2020

Corporate Majority

1

00/00/0000

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10

00/00/0000

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10

Date

1/17/2020

00/00/0000

00/00/0000

Exit

Corporate Majority

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Companies

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Valuation

Acquirer

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Sources

1

10

10

United Ventures Fund History

5 Fund Histories

United Ventures has 5 funds, including UV T-Growth.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/30/2021

UV T-Growth

$118.47M

4

12/3/2019

UV2

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$99M

10

10/28/2014

United Ventures One

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$99M

10

10/28/2014

United Ventures One SpA

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$99M

10

United Ventures II Lazio

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$99M

10

Closing Date

6/30/2021

12/3/2019

10/28/2014

10/28/2014

Fund

UV T-Growth

UV2

United Ventures One

United Ventures One SpA

United Ventures II Lazio

Fund Type

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Status

Amount

$118.47M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

United Ventures Team

2 Team Members

United Ventures has 2 team members, including current Chief Financial Officer, Alessandro Pasin.

Name

Work History

Title

Status

Massimiliano Magrini

Founder

Current

Alessandro Pasin

Chief Financial Officer

Current

Name

Massimiliano Magrini

Alessandro Pasin

Work History

Title

Founder

Chief Financial Officer

Status

Current

Current

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