BlackSheep Fund
blacksheep.ventures Direct investor
European AI-focused venture capital fund. Fund I raised €50M with 12 active portfolio companies, 1 unicorn exit (Domyn), and 23% net IRR. Fund II targets €120M. Invests in AI-native enterprise software and sovereign AI applications in Europe.
BlackSheep Fund is a venture capital firm headquartered in Milan, Italy. It invests directly in companies, from seed to Series B, in vertical AI, big Data, automation and sovereign AI. €50 million (Fund I); €120 million target (Fund II) under management and 12 portfolio companies, as it reports.
“AI-native platforms that automate mission-critical workflows within specific data-intensive industries.”
— BlackSheep Fund, own website
- Layer
- Direct investor
- Type
- Venture capital
- Invests in
- EU
- Sectors
- Vertical AI, Big Data, Automation, Sovereign AI
- Assets under management
- €50 million (Fund I); €120 million target (Fund II)
- Portfolio
- 12 companies
Team, as BlackSheep Fund publishes it
- Umberto Bottesini CEO & General Partner
- Sandro Moretti Board Member & General Partner
- Marco Caradonna President & General Partner
- Marcello Giordani Partner
- Antonio Dettoli CFO
Names and roles exactly as listed on blacksheep.ventures. Nothing else about these people is recorded.
Most shared portfolio companies with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 16 investors with a shared portfolio company. A shared company is not proof they invested together in the same round.
- Eureka! Venture SGR 10 shared companies: scibids.com, roibox.com, inflead.com, nexoya.com…
- AC Ventures 1 shared company: quantiumportal.com
- Cocoon Capital 1 shared company: quantiumportal.com
- Ice Lake Capital Management B.V. 1 shared company: quantiumportal.com
- LEA Partners GmbH 1 shared company: quantiumportal.com
- Project A Ventures 1 shared company: quantiumportal.com
- Smartfin 1 shared company: quantiumportal.com
- IRIS Capital 1 shared company: scibids.com
- Depo Ventures 1 shared company: roibox.com
- Rabo Investments 1 shared company: domyn.com
and 6 more — the graph.
Where this comes from
Every fact above was read from a page BlackSheep Fund publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://blacksheep.ventures/is_investor, layer, type, hq_country, hq_city, invests_in_geographies, stage_min, stage_max, sectors, thesis_quote, aum, portfolio_count, name, thesis_quote_page, description, status
- https://blacksheep.ventures/aboutsectors, stage_min, stage_max, thesis_quote
- https://blacksheep.ventures/teampeople
- https://www.wikidata.org/wiki/Q138795484hq_country
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Record 48 · added 2026-08-27 · link last verified 2026-10-21 · confidence high
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