United Ventures takes TIM-backed fund to $117m

Mar 31, 2021 • Jordan Williams

Telecom Italia-backed growth-stage investment vehicle UV T-Growth is over halfway towards an upsized fundraising target.

Italy-based venture capital firm United Ventures has received €100m ($117m) of capital commitments for UV T-Growth, a growth-stage investment fund anchored by telecommunications firm Telecom Italia (TIM).

The fund’s target has been increased to €180m, from the €150m reported at the launch of the fund in August 2020. United Ventures expects to reach the target for its close by 2022.

UV T-Growth will invest in late-stage companies located in Europe and will focus on innovative technologies such as 5G, artificial…

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