Milky Way Ventures

Managing Partners Alessandro Scala and Franz-Philippe Przybyl lead investment decisions, with Partner Fabian Thobe serving as a key member of the investment team since 2015. The partnership structure suggests a consensus-driven process, though the firm's operating agreement and internal governance are not public.

The firm's deal-sourcing model is not publicly documented. Without a maintained website, LinkedIn presence, or press footprint, Milky Way Ventures likely relies on the personal networks of its Milan-based partners and proprietary relationships across European tech ecosystems. The absence of a formal brand strategy suggests a network-driven, inbound-light origination posture.

Available information points to direct investments only. The firm operates a venture strategy targeting startups and a separate crypto fund for digital-asset exposure, both of which imply direct-deal or direct-token acquisition activity. No fund-of-funds commitments have been identified.

The firm operates as a multi-strategy asset manager with venture and crypto funds, but its extremely low public profile and hybrid portfolio — adding a Texas residential real estate sidecar to its tech holdings — resemble the architecture of a single-family vehicle more than an institutional fund. However, no wealth-origin disclosure confirms a family-office classification.

Cypress Bottoms is a residential real estate portfolio located in Cypress, Texas, held as a separate asset under Milky Way Ventures' umbrella. It represents the firm's hard-asset allocation, distinct from its venture and crypto activities. The portfolio's scale, acquisition date, and operational model are not publicly disclosed.

Yes, Milky Way Ventures operates a dedicated crypto fund. The fund's mandate, whether it focuses on liquid tokens, early-stage token investments, or equity in blockchain companies, is not detailed in any public record. Its existence alongside a conventional venture strategy indicates the firm sees digital assets as a distinct, parallel opportunity set.

The firm does not disclose its limited partners or capital sources. The combination of a Milan headquarters, no institutional marketing footprint, and an unconventional asset mix suggests capital may originate from the principals themselves or a tight circle of European family investors. This remains unconfirmed.