Oltre Venture (Oltre Impact)

Oltre Venture — rebranded as Oltre Impact — is Italy's first impact-investing fund manager, founded in 2006 and headquartered in Milan. Managing Partners Luciano Balbo, who serves as President and founder, and Lorenzo Allevi as CEO have worked together since the firm's founding and lead a senior team with more than 50 cumulative years of private-equity and impact-investing experience. The firm is backed by a blue-chip institutional LP base including the European Investment Fund, Cassa Depositi e Prestiti, Intesa Sanpaolo, and many of Italy's leading family offices. Oltre operates across three successive fund vintages — Oltre I, Oltre II, and Oltre III, which reached a first close at EUR 53 million and has secured EUR 78 million against a EUR 100 million target. Across Funds I and II the firm deployed more than EUR 50 million into 30 social-impact companies. Oltre III has invested EUR 19 million in seven SMEs in its first 12 months. Oltre leads rounds with average check sizes of approximately EUR 5 million. The thematic focus spans healthcare and medtech, education, agriculture and food, sustainable housing, and economic development in Italy's less-developed regions. Portfolio companies include Cera, which became a unicorn in 2025 two years after Oltre's initial investment; Kippy; Faba; and medEA. Recent deals include the acquisition of a 60 percent stake in My English School in June 2025 to scale English-language schooling across Italy and Europe, a majority stake in Accadueo Impianti in February 2025, and an investment in Sepra in October 2025. Oltre's defining commitment is that commercial returns and social impact are complementary rather than competing. Every investment targets measurable improvement in access to services, quality of life, or environmental outcomes for underserved Italian communities.