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United Ventures and TIM Ventures launch €150 million fund for late stage innovative enterprises in Italy and Europe

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Today TIM, through its company dedicated to corporate venture capital TIM Ventures, signed an agreement with United Ventures to launch a new fund called UV T-Growth. UV T-Growth will invest in “late stage’” innovative enterprises mainly in Italy and Europe. Once the new fund is established, TIM Ventures will subscribe €60 million of UV T-Growth, which has a collection target of €150 million. TIM Ventures will make its resources and strategic assets available to the fund, while it will be managed by an independent team selected by United Ventures. With UV T-Growth we intend to identify projects with high growth potential and strong technological content.

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