E372 | Massimiliano Magrini, United Ventures: Attracting growth capital and generating DPI in European Venture

In this episode of the EUVC podcast, Andreas talks with Massimiliano Magrini, Co-Founder and Managing Partner at United Ventures.Andreas and Massimiliano delve into the intricacies of scaling startups, the European venture ecosystem, and the challenges of attracting growth capital. They also touch on lessons from managing funds across different stages and sectors, and the unique dynamics of Italy’s growing role in venture capital.At United Ventures, Massimiliano oversees the firm’s third early-stage fund (UV3) of €150M and a later-stage fund (UVTG), managing approximately €500M in assets under management. Based in Italy, United Ventures targets Series A investments across Europe, with a focus on enabling technologies for sustainable digitization. Their portfolio spans enterprise software, deeptech, and fintech.Over the past decade, Massimiliano has backed notable startups including Moneyfarm, FaceIT, MusixMatch, Fiscozen, xFarm Technologies, and Exein, supporting founders from seed through early growth as they scale their companies into market leaders.Go to eu.vc for our core learnings and the full video interview 👀Chapters:00:03 Meet Massimiliano Magrini of United Ventures00:09 Today's Focus: Attracting Growth Capital 03:33 The Evolution of United Ventures05:12 Challenges in the European VC Landscape07:56 The Importance of Growth Capital10:05 Differences Between US and European Investors22:25 Regulatory Hurdles in Europe23:40 Europe's Call to Action 23:50 Excitement Over the Paper24:19 Investing in AI and Infrastructure24:59 Geopolitics and Investment Shifts26:47 European Ecosystem and Interconnected Centers27:58 US Perspectives on Europe33:01 Endurance Cycling and Vineyard Life 36:02 Lessons in Venture Capital39:35 Fundraising Challenges and Successes