United Ventures and TIM Ventures launch €150 million fund for late stage innovative enterprises in Italy and Europe
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.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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