NVM Ventures has announced a €23.6 million first close for NVM Venture Lazio, a compartment targeting 10–15 early-stage companies. Its planned portfolio centres on dual-use businesses working in STEP Technologies. The launch also brings a regional investor into a first-time fund backed by emerging managers.
What will the compartment invest in?
NVM Venture Lazio plans to invest in companies at pre-Seed and Seed stage. These are early points in a startup’s development, before or around its first institutional investment. The target is a portfolio of 10–15 companies, although no individual investments or timetable are specified in the material provided.
The companies are described as dual-use, meaning their technologies have applications in both civilian and defence settings. The stated focus is STEP Technologies, while the source also describes NVM Venture Lazio as investing in DeepTech startups with dual-use applications. DeepTech refers here to technology-led businesses, but no narrower definition of the compartment’s criteria is supplied.
How did the fund reach its first close?
NVM Ventures was established on the initiative of Andrea Bonabello and Niccolò Bienati. Both are founding partners and Board Members of Ulixes Capital Lux, and the source says they lead the fund’s strategic direction. The fund managers are identified as Alessandro Casiraghi and Fund Managers Giorgio Gulienetti, who serve as key persons for NVM Venture Lazio.
Lazio Innova is a key investor, with a €18.83 million commitment through Lazio Venture 2. The source describes Lazio Venture 2 as the Lazio Region’s fund of funds, co-financed by the ERDF Regional Programme 2021–2027. NVM Venture Lazio was selected under that programme. The €23.6 million figure is the compartment’s announced first close; the material does not provide other commitments or further terms.
What remains undisclosed?
The announcement does not identify portfolio companies, planned cheque sizes or the pace at which capital will be deployed. It also does not state how the 10–15 investments will be divided between pre-Seed and Seed-stage businesses. Details about the compartment’s remaining investors are not included beyond Lazio Innova’s commitment.
The next useful update would be the first portfolio announcement or additional information about investment criteria. Until then, the stated scope is an intended portfolio, rather than a list of completed investments. The fund’s launch establishes its initial close and focus, while those operational details remain open.
Key points:
- NVM Ventures announced a €23.6 million first close for NVM Venture Lazio.
- The planned portfolio is 10–15 dual-use companies at pre-Seed and Seed stage.
- Lazio Innova committed €18.83 million through Lazio Venture 2.