We invest in exceptional founders building AI-native platforms that automate mission-critical workflows within specific data-intensive industries, from Seed to Series B across Europe.
BlackSheep Ventures was founded by serial entrepreneurs with a track record of building, scaling, and exiting high-growth technology companies across Europe.
We don't just provide capital — we bring operational depth, network leverage, and the conviction to back founders who challenge the consensus.
Founded and managed by operators with first-hand experience scaling technology companies to exit.
Focused conviction in AI, MadTech, and Vertical B2B — sectors we understand deeply and track continuously.
BlackSheep SGR manages two funds with complementary theses, creating a diversified platform across technology verticals.
A complementary two-fund architecture covering the evolution of technology from digital marketing infrastructure to enterprise AI.
Focused on marketing technology and digital infrastructure. The fund backed European leaders in programmatic advertising, retail media, and data-driven marketing — and delivered a strong track record including three exits and one unicorn.
Investing in the next generation of vertical AI software companies — platforms that embed intelligence into specific industry workflows to drive measurable productivity, revenue, and competitive advantage.
We source deals through our network of founders, operators, and co-investors. We prioritize inbound introductions and proactive outreach in our focus sectors.
Deep due diligence across technology, market, team, and financials. We move quickly and transparently, with a clear internal process from first meeting to term sheet.
We invest from Seed to Series B. Typical check size is flexible and scales with conviction. We lead and co-invest alongside top European and global VCs.
Active board membership, commercial introductions, and operational support. We leverage our entrepreneurial network to accelerate growth post-investment.
Strategic exit planning from day one. We have delivered acquisitions by Nasdaq-listed companies, strategic trade sales, and a unicorn exit.
We review all submissions. Response within 2 weeks for companies that match our thesis.
Submit DeckIndustry-specific and AI-native enterprise software with deep workflow integration, strong retention, and the potential to become category leaders.
Data infrastructure, business intelligence, and analytics platforms that turn data complexity into competitive advantage.
Intelligent process automation, agentic workflows, and platforms that remove friction from knowledge work.
We back companies building sovereign applications, compliant with EU regulations, that reduce dependence on non-European AI providers.
Definition
Vertical AI refers to artificial intelligence systems built for a specific industry or workflow — as opposed to general-purpose AI. Industry-specific models deliver higher ROI, stronger retention, and defensible moats. Examples include AI-native software for retail, marketing, finance, healthcare, and supply chain.
Definition
Domain-specific AI is machine learning trained or fine-tuned on data from a specific professional sector — legal, medical, financial, or marketing. Unlike general-purpose LLMs, domain-specific AI delivers higher accuracy, compliance, and business value within its target field.
Definition
Sovereign AI describes AI infrastructure operating under national or regional jurisdiction — free from dependency on non-European providers. For Europe, Sovereign AI ensures GDPR compliance, protects strategic industries, and builds competitive autonomy. BlackSheep Ventures backs companies enabling European AI sovereignty.
Definition
An AI VC fund is a venture capital vehicle specializing exclusively in artificial intelligence companies — AI-native software, ML infrastructure, domain-specific AI, and AI-enabled platforms. BlackSheep Ventures is one of the leading dedicated AI VC funds in Southern Europe, regulated as an AIFM by the Bank of Italy.