# UNITED, Inc.: portfolio, investments and team

> UNITED, Inc. is a hedge fund based in Japan. 50 investments on record, 12 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/united (Millionrounds; every figure on the page links to its filing or article)

Japan · [Investor](https://millionrounds.com/investors)

# UNITED, Inc.

Last cheque observed Sep 2026; 50 cheques on record.

Email

Hedge fund Deploying now New fund $51M, Aug 2026

Series A Venture Grant E-Commerce Fashion Advertising

Follow UNITED, Inc. and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Funited)

Deploying now

**67%** of best year **12** **cheques in 12 months**, 50 on record

Since the last cheque **65** days **00** hrs **00** min **00** sec

Median round **$10M** Rounds led **4 of 50** Sole investor **15 rounds** Mostly in **Italy, 43%**

Pitch UNITED, Inc.

## UNITED, Inc. highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Series A and Venture: 52% of its rounds
- 03 Sole investor in 15 rounds, median $8.6M

## What they do

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** E-Commerce Fashion Advertising
- **Based in:** Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **50 appearances**

- **2026** 11 rounds
- **Sept** **[Celularity](https://millionrounds.com/company/celularity)** Debt · US **$10M** With 2 others
- **Sept** **[Iusful](https://millionrounds.com/company/iusful)** Pre-seed · IT **$2.3M** With 2 others
- **Sept** **[Assaia](https://millionrounds.com/company/assaia)** Venture · CH **$27M** Sole investor
- **Jul** **[Beelzebub](https://millionrounds.com/company/beelzebub)** Seed · IT **$3.4M** Sole investor
- **Jul** **[Young Platform](https://millionrounds.com/company/young-platform)** Venture · IT **$26M** With 1 other
- **Jun** **[Seltz](https://millionrounds.com/company/seltz)** Seed · US **$13M** With 3 others
- **May** **[Smartness](https://millionrounds.com/company/smartness)** Series B · IT · Ventureburn **$55M** *Led*
- **May** **[Algorithmiq](https://millionrounds.com/company/algorithmiq)** Venture · FI **$21M** With 3 others
- **Mar** **[Qura](https://millionrounds.com/company/qura)** Pre-seed · IT **$1.8M** With 2 others
- **Feb** **[Penguin Securities](https://millionrounds.com/company/penguin-securities)** Pre-seed · SG · Ventureburn **$18M** With 4 others
- **Jan** **[D-Orbit](https://millionrounds.com/company/d-orbit)** Secondary · IT **$75M** With 4 others
- **2025** 15 rounds
- **Dec** **[Everli](https://millionrounds.com/company/everli)** Debt · IT **$10M** With 4 others
- **Sept** **[SeeInMe](https://millionrounds.com/company/seeinme)** Grant · US **$500K** With 1 other
- **Sept** **[PriceMDs](https://millionrounds.com/company/pricemds)** Debt · US **$20M** Sole investor
- **Sept** **[NanoSieve](https://millionrounds.com/company/nanosieve)** Grant · US **$100K** With 1 other
- **Sept** **[InSilicoTrials](https://millionrounds.com/company/insilicotrials)** Venture · IT **Undisclosed** With 1 other
- **Sept** **[xxxxnese](https://millionrounds.com/company/xxxxnese)** Series A · JP **$1.0M** With 2 others
- **Sept** **[Academic Labs](https://millionrounds.com/company/academic-labs)** Venture · SG **Undisclosed** With 1 other
- **Sept** **[Bitlight Labs](https://millionrounds.com/company/bitlight-labs)** Seed · US **$9.6M** With 3 others
- **Sept** **[EDP Renewables APAC](https://millionrounds.com/company/edp-renewables-apac)** Venture · SG **$23M** With 2 others
- **Aug** **[Ageless](https://millionrounds.com/company/ageless)** Series A · JP **$3.8M** With 2 others
- **Jul** **[IdentifAI](https://millionrounds.com/company/identifai)** Series A · IT · Silicon Canals **$5.9M** *Led*
- **Jul** **[Trustfull](https://millionrounds.com/company/trustfull)** Seed · IT **$7.0M** With 1 other
- **May** **[Moneyfarm](https://millionrounds.com/company/moneyfarm)** Venture · GB **$13M** With 2 others
- **Feb** **[Akamas](https://millionrounds.com/company/akamas)** Seed · IT · Silicon Canals **$10M** *Led*
- **Feb** **[Aindo](https://millionrounds.com/company/aindo)** Grant · IT **$2.2M** With 1 other
- **2024** 10 rounds
- **Dec** **[Volume](https://millionrounds.com/company/volume)** Seed · IT · TechCrunch **$6.0M** *Led*
- **Dec** **[Archer Aviation](https://millionrounds.com/company/archer-aviation)** Growth · US · TechCrunch **$430M** With 3 others
- **Sept** **[Flightwave Aerospace Systems](https://millionrounds.com/company/flightwave-aerospace-systems)** Grant · US **$1.9M** Sole investor
- **Sept** **[Goodside Health](https://millionrounds.com/company/goodside-health)** Grant · US **$250K** Sole investor
- **Aug** **[MTU](https://millionrounds.com/company/mtu)** Series A · JP **$483K** Sole investor
- **Aug** **[US Strategic Metals](https://millionrounds.com/company/us-strategic-metals)** Debt · US **$400M** Sole investor
- **Aug** **[Bluedot](https://millionrounds.com/company/bluedot)** Grant · GB **$55K** With 1 other
- **Jun** **[Avaneidi](https://millionrounds.com/company/avaneidi)** Series A · IT **$8.6M** Sole investor
- **May** **[Futura](https://millionrounds.com/company/futura)** Series A · IT **$15M** With 2 others
- **Apr** **[Fiscozen](https://millionrounds.com/company/fiscozen)** Venture · IT **Undisclosed** With 1 other
- **2023** 2 rounds
- **Sept** **[Cleafy](https://millionrounds.com/company/cleafy)** Series A · IT **$11M** Sole investor
- **Jun** **[ELECTRA AI](https://millionrounds.com/company/electra-ai)** Venture · US **Undisclosed** With 2 others
- **2022** 7 rounds
- **Sept** **[Carisma Therapeutics](https://millionrounds.com/company/carisma-therapeutics)** Series C · US **$30M** With 3 others
- **Sept** **[Dauntless XR](https://millionrounds.com/company/dauntless-xr)** Grant · US **$1.5M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **7 named**

AL **Alan Leibman** Director of the GP and Principal of the Investment Advisor i Filing they signed

DG **David Goss** Director of the GP i Filing they signed

JL **John Lovisolo** Director of the GP and Principal of the Investment Advisor i Filing they signed

LP **Luke Partyka** Managing Member of the General Partner of the issuer, UPF Management GP LLC i Filing they signed

MM **Matthew Muckerheide** Director of the GP and Principal of the Investment Advisor i Filing they signed

ML **Michael Landau** Director of the GP i Filing they signed

PN **Philip Nisbet** Director of the GP and Principal of the Investment Advisor i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

New fund on file

**$51M**

raised in Aug 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Venture Grant

Median round joined **$10M** the round, not its cheque Alone, median **$8.6M**

Led 4 of 50 rounds **8%**

- **Sole investor:** 15 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A *12*
- Venture *11*
- Grant *8*
- Seed *6*
- Debt *4*
- Pre-seed *3*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) 3
- [Italian Angels for Growth](https://millionrounds.com/fund/italian-angels-for-growth) 3
- [Vento](https://millionrounds.com/fund/vento) 3
- [Bossa Invest](https://millionrounds.com/fund/bossa-invest) 2
- [CDP Venture Capital](https://millionrounds.com/fund/cdp-venture-capital) 2
- [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) 2

**Pitching UNITED, Inc.?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as UNITED, Inc.. A count of rooms they were both in, not a relationship either has claimed.

[**Endeavor Catalyst** Corporate VC **3** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**Italian Angels for Growth** VC firm **3** rounds together](https://millionrounds.com/fund/italian-angels-for-growth)[**Vento** VC firm **3** rounds together](https://millionrounds.com/fund/vento)[**Bossa Invest** VC firm **2** rounds together](https://millionrounds.com/fund/bossa-invest)[**CDP Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/cdp-venture-capital)[**European Investment Bank** Government **2** rounds together](https://millionrounds.com/fund/european-investment-bank)[**GSR** VC firm **2** rounds together](https://millionrounds.com/fund/gsr)[**GSR United Capital** VC firm **2** rounds together](https://millionrounds.com/fund/gsr-united-capital)[**MassChallenge** Accelerator **2** rounds together](https://millionrounds.com/fund/masschallenge)

## Recently backed

The latest companies UNITED, Inc. put money into.

[**Celularity** $10M · Sept 2026](https://millionrounds.com/company/celularity)[**Iusful** $2.3M · Sept 2026](https://millionrounds.com/company/iusful)[**Assaia** $27M · Sept 2026](https://millionrounds.com/company/assaia)[**Beelzebub** $3.4M · Jul 2026](https://millionrounds.com/company/beelzebub)[**Young Platform** $26M · Jul 2026](https://millionrounds.com/company/young-platform)[**Smartness** $55M · May 2026](https://millionrounds.com/company/smartness)

## Quick answers about UNITED, Inc.

### What does UNITED, Inc. invest in?

UNITED, Inc. invests most often at Series A and Venture (52% of the rounds on record), in sectors such as E-Commerce, Fashion and Advertising.

### How active is UNITED, Inc.?

50 investments on record, 12 of them in the last 12 months, and it led 4. The most recent was in Sept 2026.

### What has UNITED, Inc. invested in recently?

Its most recent investments on record: Celularity (Debt, Sept 2026), Iusful (Pre-seed, Sept 2026) and Assaia (Venture, Sept 2026).

### How big are UNITED, Inc.'s cheques?

The median round it joins is $10M.

### Does UNITED, Inc. lead rounds?

Sometimes: it led 4 of its 50 investments on record (8%).

### Where does UNITED, Inc. invest?

Most of the companies it backs are in Italy (43%), the United States (33%) and Singapore (8%).

### Is UNITED, Inc. investing now?

Yes: it is actively investing, with 12 investments in the last 12 months.

### Who does UNITED, Inc. invest alongside?

Most often Endeavor Catalyst (3 rounds together), Italian Angels for Growth (3 rounds together) and Vento (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=united) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=united)