VC | E372 | United Ventures' Massimiliano Magrini on attracting growth capital and generating DPI in European Venture

In this episode of the EUVC podcast, Andreas talks with Massimiliano Magrini, Co-Founder and Managing Partner at United Ventures.

Andreas and Massimiliano delve into the intricacies of scaling startups, the European venture ecosystem, and the challenges of attracting growth capital. They also touch on lessons from managing funds across different stages and sectors, and the unique dynamics of Italy’s growing role in venture capital.

At United Ventures, Massimiliano oversees the firm’s third early-stage fund (UV3) of €150M and a later-stage fund (UVTG), managing approximately €500M in assets under management. Based in Italy, United Ventures targets Series A investments across Europe, with a focus on enabling technologies for sustainable digitization. Their portfolio spans enterprise software, deeptech, and fintech.

Over the past decade, Massimiliano has backed notable startups including Moneyfarm, FaceIT, MusixMatch, Fiscozen, xFarm Technologies, and Exein, supporting founders from seed through early growth as they scale their companies into market leaders.

Go to eu.vc for our core learnings and the full video interview 👀

Chapters:

00:03 Meet Massimiliano Magrini of United Ventures
00:09 Today's Focus: Attracting Growth Capital 
03:33 The Evolution of United Ventures
05:12 Challenges in the European VC Landscape
07:56 The Importance of Growth Capital
10:05 Differences Between US and European Investors
22:25 Regulatory Hurdles in Europe
23:40 Europe's Call to Action 
23:50 Excitement Over the Paper
24:19 Investing in AI and Infrastructure
24:59 Geopolitics and Investment Shifts
26:47 European Ecosystem and Interconnected Centers
27:58 US Perspectives on Europe
33:01 Endurance Cycling and Vineyard Life 
36:02 Lessons in Venture Capital
39:35 Fundraising Challenges and Successes