Ulixes

Founding Partner Paolo Covre and Partner Filippo Perfido lead investment decisions, with a compact team structure typical of Italian boutique SGRs. The firm has not publicly disclosed an investment committee roster or external advisors. Both founders are involved in origination and portfolio support.

Ulixes sources primarily through its partners' domestic networks in Italian industry and finance, supplemented by co-investor relationships with other European early-stage funds. The firm's regulated SGR status also attracts inbound referrals from professional services firms and accelerators in Milan, Turin, and Rome. There is no disclosed proprietary sourcing technology or systematic outbound program.

Ulixes is a regulated asset manager (SGR), not a single-family office. It raises third-party capital through closed-end funds marketed to Italian family offices and institutional investors. The firm does not manage a single family's balance sheet.

The firm focuses on seed and Series A rounds, occasionally participating in follow-on rounds for existing portfolio companies. It does not engage in pre-seed or late-stage growth equity as a primary strategy. Check sizes are consistent with Italian early-stage venture, though specific ticket ranges are not publicly disclosed.

Ulixes has not publicly stated explicit exclusions, but its confirmed portfolio — Casavo (proptech), WeRoad (travel tech) — and stated focus suggest it avoids deep tech, hardware, and life sciences. The firm concentrates on capital-efficient digital platforms and software businesses.

Ulixes deploys primarily in Italy, France, Germany, and Spain. The firm has not disclosed investments in the UK, Nordics, or Central and Eastern Europe. Its Milan base anchors deal flow in the Italian ecosystem, with cross-border rounds typically led by partner funds in target countries.

Yes. Ulixes regularly co-invests alongside other European venture firms, particularly in rounds where it does not lead. The firm's SGR structure also enables side-by-side co-investment vehicles for its limited partners, giving family offices the option to increase exposure to specific portfolio companies beyond fund allocations.