In 2017, Fondazione Pesenti committed to supporting Oltre Venture II, alongside a side letter aimed at promoting — where strategically compatible — the evaluation of potential synergies for the development of initiatives within the local territory, leveraging their respective institutional and relational know-how.
Oltre Venture is Italy’s first impact investing fund, supporting companies that create high-social-impact solutions From early-stage ventures to growth-phase companies, the fund invests across the entire business life cycle, assisting them throughout various funding rounds.
Luciano Balbo and Lorenzo Allevi , the founders, have been pioneers of the impact investing concept in Italy and Europe (through EVPA) since the early 2000s. Through Oltre Venture I (launched in 2006) and Oltre Venture II (launched in 2016), the fund fosters entrepreneurial projects that generate value both for shareholders and for society at large.
As of December 31, 2020, Oltre II Oltre II had reached total capital commitments of €42,725,000, subscribed by 55 investors, including 14 institutional ones.
Also by the end of 2020, the fund had invested a net total of €16,558,120 in its portfolio companies (excluding disinvestment costs of €6,930,651), spanning 19 companies in total.
In the first half of 2020, Oltre II finalized two disinvestment operations, the most significant involving Società e Salute SpA, the company that operates the Centro Medico Santagostino.
Impact investing is generally defined as investing in companies that simultaneously seek financial returns and deliver a positive social or environmental impact. In its modern sense, it aims to apply venture capital and private equity expertise to drive high-impact social solutions. As such, it marks a shift from investments that simply “do no harm” to those that actively create positive outcomes for all stakeholders — and for society as a whole.
The goal is to invest in new, efficient, and effective solutions to meet essential societal needs such as healthcare, education, food, environment, housing, employment, and personal finance, while also generating shared economic value for stakeholders, consumers, employees, and shareholders.
The Oltre II portfolio includes more than 20 companies, some of which have been pioneers in their respective sectors in Italy. View portfolio
