We come from the same industrial sectors we invest in, making products & supply chains more circular and resilient

IMPACTFUL RETURNS ARISING FROM THE INDUSTRIAL TRANSITION, CONTRIBUTING TO BIODIVERSITY REGENERATION AND CLIMATE NEUTRALITY

UNA TERRA is the first early-growth impact fund (SFDR Art. 9) and ecosystem with an exclusive focus on the global industrial transition to a more circular & resilient economy.

A holistic strategy, providing both financial and operational support for European commercially viable, ready-to-scale, and asset-light companies (Series A+), enhancing and transitioning existing infrastructures with drop-in strategies to circular models, thereby minimizing technology and market risks – distinctive approach and methodology dedicated to identifying and selecting innovative scale-ups with high growth potential.

IMPROVING WHAT EXISTS

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THE UNA TERRA DIFFERENCE

We see no trade-off between returns and impact: use less energy to produce, leave less waste behind and keep the same price point, you have our attention.

Innovation isn’t necessarily disruption, it is more effective to improve what already exists to ensure adoption of sustainable solutions. We focus where the speed of adoption and the capacity for improvements are highest

Founding Partners with strong industry and investment expertise.

Proven industrial, innovation, Private Equity and Venture Capital track record in key sectors (packaging, waste, materials/fashion, food, energy) and with a presence in key geographical markets – strategy-led and execution-focused approach.

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Luca Zerbini

CHIEF EXECUTIVE OFFICER

STRATEGY | SUSTAINABILITY | GROWTH

Luca is CEO and co-founder of Una Terra. He also serves as Sustainability Operating Advisor to Advent International (around USD 100B AUM) and as an independent board advisor to impact-driven companies. Previously, Luca was a C-suite Executive, with a track record of success as CEO of PE-backed companies over $1B in sales with Bain Capital and Milestone Capital. He also honed his business skills as a management consultant at Bain & Company both in Europe and in the US, as well as at Hewlett-Packard, Amcor and Honeywell. Luca holds an Industrial Engineering MSE from Politecnico di Milano, an MBA with Honors from The Wharton School, University of Pennsylvania, and a Duke Executive Leadership Program. He is also a Fellow of The Marketing Academy and of the Institute for Real Growth, connecting top C-Level and Growth leaders.

Based in Zurich, Switzerland.

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Costas Papaikonomou

PIPELINE & IC

INNOVATION | ENTREPRENEURSHIP | DESIGN

Costas is a seasoned entrepreneur and innovation leader with 30 years of experience engineering, manufacturing, and scaling businesses in mature consumer & B2B markets. He co-founded Una Terra and leads its investment activities across the entire investment process, from sourcing to deployment. Previously, he co-founded and grew the global innovation agency Happen Group, which helped generate over $5 billion in incremental revenue for its clients across FMCG, healthcare, and industrial sectors. In 2019, Happen was successfully acquired by Accenture. During his career in innovation consulting, Costas has launched successful products in collaboration with more than 100 leading FMCG and packaging companies worldwide. He is the author of multiple books on innovation. Today, Costas remains an independent advisor to global consumer goods companies and serves on the Board of Micvac, a ready-meal packaging company. He holds a Master’s degree in Industrial Design Engineering from Delft University of Technology.

Based in Den Haag, The Netherlands.

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Natalia Eisele

DEAL MAKER

STRATEGY | INVESTMENT | RETURNS

Natalia is an experienced investment professional and Partner at Una Terra. Before joining Una Terra, she spent four years as an Investment Manager at EBG, an investment manager focused on environmental and social impact, where she led and executed transactions globally. Prior to this, Natalia was part of the investment team at SUSI Partners, a global clean infrastructure private equity fund, focusing on energy storage and clean energy generation. In this role, she led multiple transactions across the US, Canada, Australia, and Europe. She began her career at UBS AG, working in Emerging Markets Fixed Income Investment Banking and later in the Mid-Cap M&A division. Natalia holds a Bachelor’s degree in Banking and Finance from the University of Zurich and a Master’s degree in Banking and Finance / Quantitative Finance from the University of Zurich and ETH Zurich.

Based in Zurich, Switzerland.

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Thomas Oury

PIPELINE & IC

INNOVATION | GENERAL MANAGEMENT | SYSTEMS

Thomas is a seasoned business leader with 20+ years of experience in B2B industrial businesses. Thomas held a number of C-Suite positions at Bodycote, Amcor and DuPont, leading global businesses over $1B in sales. He has developed a particular expertise in driving profitable growth and sustainability for specialty materials businesses (polymers, rubber, metals) and their multiple end-use markets. He started his career as a strategy consultant at A.T. Kearney, after a few years in manufacturing with Michelin. Thomas holds a Master of Science degree in Chemical Engineering from ENSIC in France, and followed various executive training programs at IMD Lausanne, Columbia Business School and Kellogg School of Management. Thomas sits on Una Terra’s IC and supports company due diligence.

Based in Geneva, Switzerland.

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Maya Poncelet

PARTNERSHIPS

COMMUNITY | ACTION | GROWTH

Maya Poncelet is an American-Belgian professional with a career bridging finance, technology, and sustainability. She joined Una Terra full time in January 2026, where she focuses on operational scale-up, cross-sector partnerships, and impact integration to drive portfolio value and systemic change. Prior to Una Terra, Maya spent six years at Blackstone and Deloitte in New York City on Data Science & AI teams. She helped scale product teams and develop data driven tools for investment teams and clients across industries, while also founding internal sustainability and inclusion initiatives to drive positive change from within large corporations. She holds bachelor’s degrees summa cum laude in Systems Engineering and Organization Management & Human Resources from Washington University in St. Louis. Maya is active in impact-investing and systems-change communities and is motivated by redesigning financial and institutional systems to support long-term, collective wellbeing.

Based in Zurich, Switzerland.

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Rupen Desai

MARKETING

STRATEGY | DESIRABILITY | MESSAGE

Named by Forbes as one of the world’s most influential CMOs, Rupen is the Chief Marketing Officer at Una Terra, a circular economy fund scaling solutions that delivers both planetary impact as well as financial returns. He also co-founded The Shed 28, an advisory company focused on building businesses that drive long-term well-being for all.

Previously, as Global CMO of Dole Sunshine Company, he led the company’s sustainability-led marketing transformation. Rupen was inducted into the Hall of Fame by the World Federation of Advertisers and currently serves on its global executive board. His leadership in marketing and sustainability has also been recognized by Adweek, Business Insider, Campaign, and Forbes.

Based in Singapore.

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