NVM Ventures Launches €23.6 Mn Fund to Back DeepTech and Dual-Use Startups

The fund will focus on dual-use companies developing STEP technologies. These are technologies that can have applications in both civilian and strategic sectors.

NVM Ventures was founded by Andrea Bonabello and Niccolò Bienati, who are founding partners and board members of Ulixes Capital Lux. They will guide the fund’s strategy, alongside Fund Managers Giorgio Gulienetti and Alessandro Casiraghi, who will manage the NVM Venture Lazio compartment.

“This interest is also driven by strong results: research conducted in the United States by the National Association of Investment Companies found that emerging manager programmes outperformed by 700 basis points. NVM Ventures was created to meet this demand in Italy, with the goal of fostering a new generation of capable, ambitious managers who currently struggle to raise their first fund.” says Andrea Bonabello, founding partner and Board Member of Ulixes Capital Lux, General Partner of NVM Ventures.

“With NVM Venture Lazio, we are further expanding the specialist expertise in dual-use frontier technologies within the regional venture capital platform. Investing in a first-time fund also reflects our commitment to backing emerging managers with distinctive skills, helping build new professional and investment capabilities for the benefit of the entire ecosystem.” adds Andrea Ciampalini, Director General of Lazio Innova.

NVM Venture Lazio invests in DeepTech startups that develop technologies with both civilian and defence applications. Its main areas include aerospace, maritime technology, robotics, autonomous systems, cybersecurity, defence AI, energy infrastructure, advanced materials, manufacturing, and biotechnology.

NVM Ventures uses a multi-compartment fund structure, allowing each investment area to have a specialist team. At the same time, fund managers can benefit from a shared system for governance, risk management, and compliance.

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