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.
Co-invests most often with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 16 co-investors found.
- 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 2026-09-06 · confidence high
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