Ideas &
Updates
Fund updates, press coverage, and perspectives on AI, venture capital, and the technology landscape from the BlackSheep team.
SGR Featured
Milano Finanza Covers BlackSheep SGR Launch
Milano Finanza dedicates coverage — both online and print — to the launch of BlackSheep SGR and BlackSheep II — Domain-Specific AI. The article reviews the firm’s €170M AUM ambition, Fund I track record (Net IRR 21%, TVPI 1.65x, 3 exits), the €120M target for Fund II with a first closing expected in September 2026, the six B2B vertical AI sectors of focus, and the new SGR’s board composition.
Read ArticleSGR
BlackSheep SGR is born as an independent AIFM-authorised VC platform, evolving from BlackSheep I — MadTech Fund (TVPI 1.65x, 90th percentile Carta vintage 2022). Simultaneously, BlackSheep II — Domain-Specific AI debuts, targeting €170M AUM across six vertical AI sectors.
all'AI Act
BlackSheep MadTech Fund discusses the AI Act and Europe's opportunity in responsible AI leadership.
non rispetta il profilo
di rischio?"
BlackSheep MadTech Fund is interviewed by Milano Finanza on the impact of AI in financial services and the regulatory challenges introduced by the EU AI Act.
chiude la raccolta
a 50M€
BlackSheep MadTech Fund closes at €50 million ahead of schedule — marking a milestone for Italian venture capital and validating the fund's MadTech investment thesis.
Garante Privacy
Umberto Bottesini weighs in on OpenAI vs. the Italian Privacy Authority — and why Europe must build AI governance frameworks before a "Wild West" takes hold.
Nexoya receives $5M in Series A financing led by BlackSheep. The AI-driven marketing optimization platform had tripled its revenue in 2022 with 12.5% monthly growth.
Award
BlackSheep receives the Finance Community Award as Best VC Team — recognized as one of the first vertical and specialized VC funds in Europe focused on MadTech and AI.
BlackSheep backs Roibox's geospatial advertising technology — a thesis validated by a successful acquisition by Jakala and the Premio Demattè 2023 from AIFI.
Stories
BlackSheep invests in Connected Stories, backing AI-driven creative optimization — the thesis that machine intelligence will transform how advertising creative is produced at scale.
Il Sole24Ore covers BlackSheep's bet on programmatic audio advertising: AdTonos records 10× year-on-year growth with its full-stack audio AdTech platform across podcasts, streaming, and mobile.
Sheep
BlackSheep MadTech Fund announces its third portfolio investment, expanding its concentrated portfolio of European AI and marketing technology companies.