Investors / Italy / BlackSheep Ventures
BlackSheep Ventures
Venture capital · Milan, Italy · Europe
BlackSheep Ventures is a European venture capital firm founded by entrepreneurs that manages two funds through BlackSheep SGR S.p.A., an AIFM authorized by the Bank of Italy. It invests in AI-native platforms and vertical B2B software, and its first fund focused on marketing technology and digital infrastructure.
Invests inMedia & EntertainmentAI & Machine LearningE-commerce & Marketplaces
In its own wordsvertical aib2b saasautomationmadtechenterprise aidata analytics
Your fit with BlackSheep Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsBlackSheep Ventures lists 12 checked portfolio companies on its own site. Its largest themes are Media & Entertainment (25%), AI & Machine Learning (25%) and E-commerce & Marketplaces (17%). 33% of its companies are based in Italy. It invests most often alongside Eureka! Venture, CDP Venture Capital and 3VC.
No funding round on record names BlackSheep Ventures yet, so the figures come from its portfolio page.
Round figures show recent activity, not BlackSheep Ventures' whole history. Rounds on record name 0 companies; its own site lists 12. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Media & Entertainment | 25% | 4% |
| AI & Machine Learning | 25% | 18% |
| E-commerce & Marketplaces | 17% | 6% |
| Enterprise Software | 13% | 8% |
| Cybersecurity | 8% | 4% |
| Industrial & Manufacturing | 4% | 7% |
| Education | 4% | 7% |
| Healthcare & Biotech | 4% | 15% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Eureka! Venture | 8 |
| CDP Venture Capital | 2 |
| 3VC | 1 |
| 645 Ventures | 1 |
| Angel Capital Management | 1 |
| Cofounder VC | 1 |
| Founders Factory | 1 |
| GS Futures | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 30th | 12 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 36th | 25% in its largest sector |
| Reach | 70th | 4 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers1192%
- No longer answers00%
- Points to another company18%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare BlackSheep Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
from public registers and its sitePortfolio
12 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| AdTonos specialises in digital audio advertising, empowering brands' expansion and storytelling | Media & EntertainmentEducation | Portfolio page | ||
| Anonymised enriches first-party data with real-time intent signals to improve campaign performance for advertisers and revenue for publishers. | Media & EntertainmentHealthcare & Biotech | Portfolio page | ||
| Circeus acquires and evolves mission-critical software | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Connected-Stories uses Core and Edge Agents to connect strategy, creation, distribution, and optimization automating execution while preserving the team's judgment. | AI & Machine LearningE-commerce & Marketplaces | Portfolio page | ||
| Domyn empowers regulated enterprises to achieve true AI ownership, retaining full control over models, data, and infrastructure, while guaranteeing privacy, auditability, and total independence from external providers. | AI & Machine LearningCybersecurity | Portfolio page | ||
Industrial & ManufacturingMedia & Entertainment | Portfolio page | |||
| Nexoya optimizes digital channels with AI | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Principled Intelligence detects failures in AI agents, governs responses in real time, and proves compliance with auditable logs. | AI & Machine LearningCybersecurity | Portfolio page | ||
| The company provides software for shipping and tracking in eCommerce, including label printing and return management. | E-commerce & MarketplacesEnterprise Software | Portfolio page | ||
| Roibox provides geospatial marketing technology for digital campaigns | E-commerce & MarketplacesMedia & Entertainment | Portfolio page | ||
| Spoki automates communication with AI for businesses, including chatbots and mass messaging campaigns on various channels like WhatsApp, Voice, SMS, and more. | AI & Machine LearningE-commerce & Marketplaces | Portfolio page | ||
| StreamWise AI provides AI-powered movie success prediction to help studios and streamers make data-driven decisions | Enterprise SoftwareMedia & Entertainment | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- blacksheep.ventures
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Companies checked
- 12
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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