Nevermind VC launches with €23.6M first close for dual-use deeptech

Key backers include Lazio Innova, which committed €18.83 million through Lazio Venture 2, the region's fund of funds co-financed by the ERDF Regional Programme 2021-2027. The new compartment was selected under that programme.

NVM Ventures uses a multi-compartment model, pairing each investment thesis with a specialist team while giving emerging managers a shared institutional framework for governance, risk management and compliance.

The fund was founded by Andrea Bonabello and Niccolò Bienati, founding partners and board members of the General Partner, who lead its strategic direction. They are joined by fund managers Giorgio Gulienetti and Alessandro Casiraghi, who serve as key persons for the Lazio compartment.

Bonabello, cited by EU-Startups, said institutional investors are rediscovering emerging managers, pointing to the IPEM Allocation and Fundraising Trend Report 2027, which found that 88% of Limited Partners are now interested in managers raising their first, second or third fund, up from 65% the previous year, with 64% willing to commit to a Fund I. He added that research in the United States by the National Association of Investment Companies found emerging manager programmes outperformed by 700 basis points, and that NVM Ventures was created to meet this demand in Italy.

Three European startups, based in Denmark and the UK, have announced new funding rounds spanning clothing production, embodied AI and legal research.