BlackSheep MadTech Fund officially announces its third portfolio investment, continuing to deploy capital in accordance with the fund's focus on European marketing technology, data intelligence, and AI-native companies.
The announcement marks a significant milestone for BlackSheep I, demonstrating active deployment and growing conviction in the MadTech and AI investment thesis. The fund, managed by Eureka! Venture SGR (now BlackSheep SGR S.p.A.) and regulated by the Bank of Italy, operates with a concentrated portfolio approach — making fewer, higher-conviction investments where the team can add meaningful operational value.
BlackSheep's investment approach:
- Concentrated conviction — rather than building a large portfolio of small bets, BlackSheep takes meaningful positions in companies where the team's operational expertise and network create genuine alpha.
- Active board participation — BlackSheep partners take board seats and actively support portfolio companies on strategy, commercial execution, and exit preparation.
- European-first, globally scalable — the fund focuses on European-headquartered companies with the potential to scale to global markets, leveraging Europe's regulatory environment as a competitive advantage rather than a constraint.
For more information about the BlackSheep portfolio and investment thesis, visit the portfolio section of this website or contact the team at dealflow@blacksheep.ventures.