# Utopia sis

Utopia sis is an Asset Manager based in Bologna, Italy.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Bologna, Italy
- **Region:** Europe
- **Address:** Bologna, Italy
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** www.utopiasis.it
- **LinkedIn:** https://www.linkedin.com/company/utopiasis

## Regulatory record

- **Reports private funds:** No

## About

Utopia sis S.p.A. emerged from Bologna's academic and philanthropic nexus. Antonio Falcone leads the firm as CEO, while governance draws on Andrea Zanotti of Fondazione Golinelli and Antonello Cabras of Fondazione di Sardegna. The arrangement ties a conventional asset manager to the patient capital of two well-established Italian foundations. The firm operates a generalist venture and growth mandate across seed, startup, and expansion stages. Its deployment concentrates on biotechnology and digital health, frequently co-investing with Italian Angels for Biotech. Geographically, the firm focuses on Northern Italy, with Bologna as its analytical hub and Sardinian foundation ties extending its regional reach south. The team integrates scientific, financial, and philanthropic leaders at the board level, a structure more common to European social-impact funds than to for-profit asset managers. Real estate holdings include a citadel for arts, education and startup incubation operated by the foundation. The firm has not disclosed total headcount or assets under management. Utopia sis's structural differentiator is its formalized co-governance between a private investment company and two large non-profit foundations. This gives it a sourcing pipeline into university spinouts and research institutes — especially around the University of Bologna — while operating under commercial incentives. It is essentially a for-profit venture platform built atop civic and academic endowment capital, a rare configuration in Southern Europe.

## Sectors

- Digital Health
- Biotech
- Enterprise Software

## People

- Antonio Falcone — Executive Vice President and CEO
- Sergio Abrignani — Venture Partner and Scientific Advisory Board member
- Andrea Zanotti — President of Fondazione Golinelli and governance member
- Antonello Cabras — President of Fondazione di Sardegna and governance member

## Questions

### Who runs investment decisions at Utopia sis?

Executive Vice President and CEO Antonio Falcone leads the firm. The governance structure also includes Andrea Zanotti, President of Fondazione Golinelli, and Antonello Cabras, President of Fondazione di Sardegna. Investment decisions appear to integrate scientific review through Venture Partner Sergio Abrignani, who sits on the Scientific Advisory Board.

### How does Utopia sis source proprietary deal flow?

Its co-investment track record with Italian Angels for Biotech adds a screening layer for early-stage life sciences. This academic-foundation pipeline is unusual for a firm structured as a for-profit S.p.A.

## Related profiles

- [Utopia Capital](https://altss.com/profile/utopia-capital)
- [Utrecht Holdings](https://altss.com/profile/utrecht-holdings)

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Last updated: 2026-08-11T02:43:31.692Z

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