The Week in Italian Startup: Recent Episodes
Giacomo Mollo
The Week in Italian Startup discusses and analyzes the latest news from the Italian startup ecosystem. Giacomo Mollo is a former academic in philosophy turned tech investor. He is co-founder and partner of iN3 Ventures, a corporate innovation and VC firm. Niccolò Sanarico is an Oxford MBA and a software engineer with a passion for innovation and startups. He is currently an Investment Manager at Primo Ventures SGR, a venture capital firm based in Italy.
- BetaGlue, a clinical-stage radiotherapy company, raised €8m in a round led by Neva SGR, with participation from LIFTT and FinPosillipo.
- Sibill, a treasury management startup, announced a €6.2m round from Keen Venture Partners, Exor Ventures, and Founders.
- Talet-E, a startup offering a kit to electrify scooters, 🇮🇹raised €2.6m (€1.7m in debt, €0.9m in equity from RA.MO.CAR, a family office).
- Prem AI, a Switzerland-based AI startup, raised $14m in a seed round featuring several high-profile business angels and entrepreneurs.
- Accenture closed the acquisition of Customer Management IT and SirfinPA.
- iGenius introduced Italia, its First Open Foundational Italian LLM.
- 250 European Data Infrastructure startups and what we learned from them | MMC.
- InSilicoTrials won the prize of startup of the year for AI at the Startup Grind Global 2024.
- A navigator of Italian developer salaries, by role and seniority, by DataPizza.
- Unruly VC released a full dashboard of their investments. Bold move, and possibly the first I have ever seen.
- Revolv.space, a space tech startup, raised €2.6m from Primo Space and Takeoff.
- Zefi.ai, a SaaS for collecting user feedback, raised €1.6m from 360 Capital, 14Peaks Capital, B-Heroes, BIT, Secways, Aticco Ventures, Growth Engine, Vento and Halo.
- Micthera, a biotech startup, raised €1m from Indaco Venture Partners.
- IAG and Italians in VC partners invested in XTRA, a digital health startup based in USA.
- Rialto Ventures announced reaching €55m in capital raised. The fund has already completed 8 investments to date.
- A2A and 360 Capital 🇮🇹announced 360 Life II, a €200m climate-tech fund aimed at European startups.
- CDP VC announced VentureItaly II, its second fund of funds aimed at venture capital operators. According to the announcement, the FoF has a €500m target and has already received €475m from the Italian Ministry for Economic Development and CDP Equity. Since the first installment of the fund attracted 3X the capital deployed, we can hope this fund will mobilize €1-1.5b in additional capital for Italian startups.
- Futura, a Milan-based edtech startup, raised a €14m series A round from Eurazeo, United Ventures (already an investor), and Axon Partners Group.
- Loquis, a travel podcasting startup, raised €3.78m from P101, Innova Venture, PiCampus, and CDP VC.
- Checksig, a crypto custody and trading startup, 🇮🇹raised €2.7m from undisclosed investors.
- J4ENERGY, a climate-tech startup, 🇮🇹raised €1m from RoboIT, Tech4Planet, and Pariter Robotics.
- Domethics, a proptech startup, 🇮🇹raised €725k from CDP VC.
- Wishew, a UK-based social network, 🇮🇹raised €10m from LMDV Capital.
- NextUp 🇮🇹acquired Sweet Lilium → investment vehicles merging, a new quick way to enhance portfolio diversification? ;-)
- JAKALA announced the acquisition of France-based ClaraVista.
- Maticmind 🇮🇹acquired GDMS-Italy.
- Cryptosmart, a crypto exchange, 🇮🇹raised €3.5m and announced the acquisition of IBX AG, a bitcoin mining company.
- BOEM, a startup launching a low-alcohol drink, 🇮🇹raised €3m from LMDV Capital, an existing shareholder.
- Lithium Lasers, a deep-tech startup specializing in femto-lasers, raised €2m from Primo Space and 360CP. Primo Space also invested €1.1m in Ecosmic, a space-tech startup.
- Qlhype, a second-hand clothes startup, 🇮🇹raised €700k from business angels.
- Drinkme, a B2B wine and spirits startup, 🇮🇹raised €580k in a crowdfunding campaign.
- Neva SGR 🇮🇹joined a $100m Series D in Coro, an Israeli cybersecurity company.
- xFarm Technologies merged with Greenfield and Spacesense to hone its Geospatial AI.
- Edflex, a French edtech startup, acquired OfCourseMe.
- Cosmico, a talent-tech startup, 🇮🇹raised €4m from Prana Ventures, 40Jemz, Intesa Sanpaolo, and business angels.
- LIFTT joined the $26m round raised by Evergreen Theragnostics, a life sciences startup.
- CDP Venture Capital launched Frontech Accelerator, with Algorand and Microsoft as technical partners
- Visma acquired Fiscozen: exit for United Ventures and Keen Venture Partners.
- The first quarter has concluded, and we now have the initial assessments of the Italian startup landscape, as detailed in the VeM report and the Venture Capital Report by Growth Capital / ITA.
- Tes Pharma, a biotech company, 🇮🇹raised €10m from XGen Venture.
- FidoCommercialista, a tax-tech startup, 🇮🇹raised €1.2m from 40Jemz Ventures, X-Equity Venture Club, i3Charter, Alecla7, and Vesper.
- Kilogram, a food-tech and wellness startup, 🇮🇹raised 150k from Archangel AdVenture.
- Proxima Fusion, a nuclear fusion startup based in Germany, raised €20m. The startup is a spin-out of the Max Planck Institute and is led by Italian founders.
- Oops, they did it again: Bending Spoons announced the acquisition of StreamYard Top Corp (a.k.a. Hopin).
- Impresoft 🇮🇹acquired Ribes Solutions.
- Cloud Care 🇮🇹acquired Crea.re Digital.
- OpStart 🇮🇹acquired a majority stake in BackToWork.
- Almaviva 🇮🇹acquired Magna Sistemas Consultoria Sa.
- BookRepublic, a digital e-book library, raised €1.5m from Mondadori, with a commitment for an additional €1.5m investment in 2025. They two will launch Narae, a joint venture focused on webnovels.
- NExT, a modular electric vehicles startup, 🇮🇹raised €1.25m from Cysero.
- Amalia Care, a health-care startup, 🇮🇹raised €1m from Personae (a CDP-powered accelerator), A|Impact, Social Fare, and business angels.
Casavo 🇮🇹raised so far €19.5m out of the €30m in convertible debt as it executes its turnaround plan.Nouscom raised an additional €7m into its Series C round (see TWIS #178) from Angelini Ventures.AION Tech, an API orchestration startup, 🇮🇹raised €1.3m from AATECH SPA SB.StepsConnect, a recruiting-tech startup, 🇮🇹raised €1m from a syndicate of investors including 40Jemz Ventures, Eden Ventures, Moonstone Fund, Moffu Labs, and others.Keplero AI, an AI assistant for customer service startup, 🇮🇹raised €400k in a round led by 40Jemz Ventures.Id.Eight, a sustainable sneaker startup, 🇮🇹raised €350k from A|Impact.
Wesii, a company deploying drones to monitor critical infrastructure, 🇮🇹raised €2.8m from Terna Forward and DXT Commodities sa.Cynomys, a Precision Livestock Farming startup, raised €2.1m in a seed round participated by Farming Future, dsm-firmerich Venturing, Levante Capital, SVG Ventures, Plus9, in addition to previous investors.TalentWare, a talent management startup, raised €800k in a pre-seed round led by 360cap.Nozomi Networks, an OT and IOT security company, raised $100m from Mitsubishi Electric and Schneider Electric, among others.
Kurbs Orbital, a space-tech startup, 🇮🇹raised €3.7m in a round led by Otb Ventures, joined by Credo Ventures, Galaxia, In-Q-Tel, and Inovo.This Unique, startup offering environmentally sustainable menstrual pads, 🇮🇹raised €0.5m in a bridge round by Ulixes Capital Partners, Moonstone, and Longevity Life Holdings.WAO, a proptech startup, 🇮🇹raised €0.8m in a preseed round from OneDay and business angels.CityZ, a smart parking startup, 🇮🇹raised €0.5m from 40Jemz and Magic Spectrum.Bud power, a food for sports startup, 🇮🇹raised an undisclosed amount at a €6m pre-money.Bending Spoons is considering a potential acquisition of Vimeo Inc.Italian Artisan 🇮🇹acquired Ad Hoc Atelier and raised €750k from Primo Ventures.Zucchetti 🇮🇹acquired a stake in EsgMax and 🇮🇹Qualitando.Scaglia Indeva 🇮🇹acquired a majority stake in SysDesign (exit for Cysero).NetResults acquired Awhy.
Akuis, a fitness-tech startup, 🇮🇹raised €1.15m from ALIcrowd III (Azimut), Wemoove, and X-Equity (a club deal).The Italian government 🇮🇹approved a new allocation worth €150m to support investments in AI, 5g, and cybersecurity.H-Farm received a tender offer to be taken 🇮🇹private.One of the eldest of the Italian startup ecosystem reports is finally out: VEM 2023A 78-page-strong report on the Italian VC landscape by P101 + Dealroom.
Medical Microinstruments, a medtech company, raised USD 110m in a series C round led by Fidelity Management & Research.3D Nextech, a digital manufacturing startup, 🇮🇹raised €1.5m in a round led by EUREKA! Venture.CaSRevolution, a life sciences startup developing a therapy for Alzheimer's, 🇮🇹raised €1.3m in a crowdfunding round.Superfluid, an Ethereum-based token streaming protocol, raised $5.1m in a round led by Fabric Ventures.Jakala 🇮🇹acquired GotU.Shopfully acquired Ofertia.Reevo acquired Itnet.Everli was actually 🇮🇹taken over by Salvatore Palella, through a €21m capital increase.
Gabriele Venturi is founder of PandasAI, a Python library that adds Generative AI capabilities to pandas, the popular data analysis and manipulation tool. In this conversation, we dive deep into various topics related to AI, including the impact of AI on data analysis, the democratization of data analysis, the role of open source vs. closed source in AI, and the business model and sustainability of open source AI. We explore the future of AI interaction and interfaces, the impact of AI on jobs, and the defensibility of AI companies. Additionally, we discuss the future of machine learning professionals and the advancements in copilot technology. [The episode was recorded in October 2023]Takeaways- AI is transforming data analysis by democratizing access to data and providing new ways to interact with and analyze data.- Open source AI is becoming increasingly popular and is challenging closed source AI by providing more customization and flexibility.- The future of AI interfaces will likely involve a combination of conversational and structured data interactions.- AI has the potential to disrupt certain jobs, but it also creates new job opportunities and enhances productivity in other areas.- The defensibility of AI companies lies in building meaningful products and focusing on customer needs rather than just relying on the technology itself.- The future of machine learning professionals will involve a deeper understanding of AI technology, including the ability to build models from scratch and ensure explainability and determinism.- AI copilots have the potential to greatly enhance productivity and assist in various tasks, but their effectiveness will depend on integration and context-specific applications.- The future of AI will involve advancements in explainability and determinism, addressing the black box nature of AI models and ensuring consistent and coherent outputs. Language models can have biases and preferences towards certain options, which can be a challenge to address.- Unlearning and removing data from AI models is an emerging area of research, with applications in correcting incorrect training data and removing biases.
- Daze, a startup developing smart chargers for electric vehicles, 🇮🇹raised €15m in a Series A round led by CDP VC, with the participation of EIC Fund, Founders Future, and Prana Ventures.
- GuidoIo, an edtech startup, 🇮🇹raised €700k from 360Cp, Growth Engine, and Vesper Holding.
- Cloov, a fashion-tech startup, 🇮🇹raised €400k in a seed round.
- Bending Spoons confirmed the $155m funding round raised from Durable Capital Partners LP and existing investors Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP. The company reported a $2.55 billion post-money valuation.
- Cosmico acquired Bioss.
Sealence, a startup developing sustainable and innovative solutions for the marine industry, raised €7.5m in equity, debt, and grants.Underscore District, a fashion brands accelerator, 🇮🇹raised €4m in a round led by Kairos Ventures ESG One.Addax Biosciences, a biotech startup, raised €2.5m from Fintech Partners.Voidless, a packaging technology startup, raised €2.2m from CDP VC and 360cp.Okapi, a green-tech startup, raised €1m from Digital Magics and Innova Venture.Collecto, a luxury goods crowdfunding startup, 🇮🇹raised €750k in an angel round.Develop-players, an educative gaming startup, 🇮🇹raised €600k from Opes Italia, 20 Fund, and Privilège Ventures.Sense4med, a medtech startup, 🇮🇹raised €510k from Scientifica Venture Capital and Innova Venture.Dafne, a sexual wellness startup, 🇮🇹raised 250k in a pre-seed round participated by Lifegate, Over Ventures, and Open Seed.Paperbox Health, a startup addressing learning disorders in kids, raised €230k in a bridge round by VITA Accelerator.Sella Venture Partners SGR 🇮🇹announced its second fund of funds dedicated to investing in international VC funds.
Tau Group, an energy transition startup, raised €11m in Series B extension funding led by CDP Venture Capital and Santander Alternative Investments.Ventive, a consulting and investment firm for startups , 🇮🇹raised €2.4m from a syndicate of investors.Sikuro, a building site security startup, 🇮🇹raised €1m in a crowdfunding round led by Fleap Holding Spa and Azimut.Renewcast, an energy forecasting startup for wind energy, 🇮🇹raised €850k in a round led by Helen Ventures and Tech4Planet.Glutensens and VisioNing 🇮🇹raised €204k and €184k from Farming Future and ToSeed&Partners.Bending Spoons 🇮🇹announced it is preparing to raise a €200m round.1 I was impressed by their 2023 EBITDA reported in the article: €200m!Panakès Partners led a €30,4m round in Enterprise Therapeutics.Angelini Ventures 🇮🇹invested €8m in Noctrix Health Inc. and COUR Pharmaceuticals.Neophore raised an additional $12.2m in its Series B round from Neva SGR, LIFTT, and Simon Fiduciaria.CDP VC’s fund-of-funds arm invested in Seroba Fund IV, a €123m life sciences fund.Zucchetti 🇮🇹acquired a majority stake in Awms.Safilo 🇮🇹acquired a minority stake in Spaarkly.Poké House 🇮🇹acquired Poké House Belgium.SECO was accepted into the Qualcomm IoT Accelerator Program.Opyn 🇮🇹is expanding its BNPL service for businesses to Europe, UK, and Switzerland.🇮🇹15 startups incubated by the Startup Builder to keep an eye on.The Italian “Gazzetta Ufficiale” (the primary source of legal information and the official vehicle for the publication of new laws, decrees, regulations, and other acts of the Italian government) was released as a data set on HuggingFace. Will LLMs manage to understand the intricacies of our legal system?A ✍🏻 survey about the culture of growth in Italian startups: if you are a founder of an Italian startup with a couple of minutes to spare, 🇮🇹click here.Scalapay 🇮🇹appointed Andrea Fumagalli as country manager for Italy.More than 100 businesses 🇮🇹adopted JetHR since its launch.📈Yes, it is cricket: Italy gives the go-ahead to insect flour for human use.EU agrees new rules to cut the cost of listing companies.The 2024 State of Quantum.
- K-Sport World, a sport-tech startup, raised €5m in a round led by Rialto VC.
- Axyon AI, an AI fintech company, raised €3.9m in a round led by US-based VC firm Montage Ventures and accompanied by The Techshop SGR, alongside other angel investors.
- Doorway, a crowdfunding platform, 🇮🇹raised €1.76m in fresh capital from CDP VC, Angels4Women, and other business angels.
- Jampy, a startup developing products for pet wellness, raised €1m in a pre-seed round led by 360cp, alongside other business angels.
- Volta Structural Energy, an energy storage startup, 🇮🇹raised €1m from Tech4Planet and Leonardo SpA.
- Cellex, a medtech startup, 🇮🇹raised €830k from Innova Venture and business angels.
- Weforguest, a travel-tech startup, 🇮🇹raised €500k in a pre-seed round from CDP VC, LVenture, and other investors. On top of that, the startup received €480k in debt instruments.
- Playtomic 🇮🇹acquired Sportclubby.
- Xenon Private Equity Small Cap 🇮🇹acquired a controlling stake in Kettydo+, Hic Mobile, and UrbiStat.
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LLMs are finally speaking Italian! Two open-source models fine-tuned in the Italian language have been recently released:
- LLaMAntino, released by a team from the University of Bari, is a fine-tuned version of LLaMa 2 (here is the paper, and of course, the models are available on HuggingFace in the 7b and 13b variants).
- Zefiro is an LLM model fine-tuned to the Italian language based on Mistral 7b. The models are available on HuggingFace, on the author’s page.
- But we have higher aspirations: Cineca and iGenius (an AI startup) 🇮🇹announced a partnership to create Modello Italia, a foundational LLM built from scratch. Will it stand against the big, deep-pocketed foundational LLM behemoths?
- FTNet, a sales-tech startup in the pharma sector, 🇮🇹raised €3m from angel investors.
- SPiN, a space-tech startup, raised €1.64m from Galaxia, ScientificaVC, and Lazio Innova,
- 1Control, a smart access startup, 🇮🇹raised €1m from CDP VC and Azimut Alicrowd II.
- Lexroom.ai, an AI-for-law startup, 🇮🇹raised €500k from business angels.
- Ticketoo, a secondary ticketing startup, 🇮🇹raised €400k from Digital Magics, Lazio Innova, and business angels.
- Deeva, a beauty-tech startup, 🇮🇹raised €400k from Mamazen and business angels.
- Lendit, a B2B credit-sharing startup, raised an undisclosed amount from dpixel in a natively tokenized fundraise. Seed Venture was the platform enabling the deal.
- Panakes Partners joined Sofinnova Partners and other investors in the €20m seed round raised by DISCO Pharmaceuticals, a biotech startup.
- Stellantis Ventures joined the €22m round raised by Tiamat, a French sodium-ions batteries startup.
- TXT e-Solutions acquired 51% of Arcan, a startup developing solutions for software technical debt.
- Winelivery 🇮🇹acquired Become Somm.
- D-Orbit confirmed the closing of the €100m announced back in November 2023 (seed issue #177). Marubeni led, with Avantgarde, CDP VC, United Ventures, Primo Ventures, Neva SGR, Indaco Venture Partners, and Seraphim Space Investment Trust following.
- Contents.com, an AI-based content generation platform, raised USD$18m in a Series B round led by Alkemia Capital and Thomson Reuters Venture.
- SQIM, a biotech startup, raised €11m in a round led by CDP VC, with participation from ECBF VC, Kering Ventures, and Progress Tech Transfer.
- Indigo.ai, an AI-first startup, 🇮🇹raised €2.5m from its controlling shareholder Vedrai.
- Your Personal Trainer, a sports-tech startup, raised 723k from CDP VC and Lazio Innova.
- Fedrigoni Group invested in Sharpend, an IoT startup.
- Neosperience Health, controlled by Neosperience, raised 1m and plans to go public on the Nasdaq.
- Bending Spoons acquired Meetup.
- Bending Spoons also acquired Mosaic Apps (for allegedly more than $100m).🤯
- L’Orto di Jack, a fresh groceries company, 🇮🇹acquired Ristoking (and is preparing to raise €10m).
- LuisaViaRoma announced the acquisition of Holding It.
- Almawave 🇮🇹acquired Mabrian Technologies.
Resalis Therapeutics, a biotech startup, announced a €10m round led by Sunstone Life Science Ventures with participation from existing investors.Vitesy, a green-tech startup, 🇮🇹raised €3.2m from Doorway and business angels.Algor Education, an AI startup, 🇮🇹raised €1.4m from Emerge Education, Club degli Investitori, 40Jemz Ventures, and Gustaf Nordbäck.OhmSpace, a space-tech startup, 🇮🇹raised €1.2m in a round led by Scientifica Venture Capital, with Innova Venture and Galaxia joining the round.Mbility, a mobility startup, 🇮🇹raised €1m from FNM.Excellis, an investment holding, 🇮🇹announced its second capital increase (and 10 investments).IH1, an investment holding, 🇮🇹reached €5m in capital raised.
- Unobravo, a mental health and wellbeing startup, raised an undisclosed growth round from Northzone, with the participation of H14. CDP 🇮🇹sold its stake in the startup, exiting its 2020 seed investment.
- Smartpricing, a revenue management software for hotels, raised €11m in equity and €2m in credit lines in a round led by Partech (through its new fund Partech Ventures, also invested by CDP). Techshop, Azimut, and the founders of Bending Spoons participated in the round.
- CAEmate, an Alto Adige-based digital twin startup, 🇮🇹has secured €3m in a post-seed funding round. The round was led by CDP Venture Capital and 360 Capital, with contributions from private investors Marco Carlini and Matti Kuivalainen.
- nCore, a HR-tech startup, raised €2m from Vertis.
- Eureka! invested in two PoC projects from CNR and the University of Bologna, Reflex and Proxy. Amount undisclosed.
- Indaco Venture Partners and Angelini joined a $38m investment in Freya Biosciences, a biotech company specializing in women's health, led by Sofinnova Partners and OMX Ventures.
This episode features Tommaso Migliore, CEO of MDOTM Ltd. We cover a range of topics in AI including the impact of AI and Machine Learning in investment management and asset management, the rise of large language models like GPT-4, the democratization of AI and Machine Learning, and the differences between analytical and generative AI. It also delves into the evolution of AI in finance, challenges and future trends in AI adoption in financial sectors, and specific case studies demonstrating AI applications in institutional investment processes. The discussion provides insights into how AI technologies are transforming investment strategies and decision-making.MDOTM Website: https://www.mdotm.ai/Tommaso Migliore on LinkedIn: https://www.linkedin.com/in/tommaso-m...-Subscribe to the channel for weekly updates.Niccolò's newsletter: http://dealflowit.niccolosanarico.com/Listen to all episodes on audio:Spotify: https://spoti.fi/3fVynsQGoogle Podcast: https://bit.ly/3thf9RCApple Podcast: https://apple.co/3Elhykq
- Milan-based company WeRoad has secured €18m in a Series B funding round to revolutionize group adventure travel for millennials. H14 led the funding.
- Banxware, a German fintech that offers embedded lending solutions, has announced a new Series A funding round of €15m. UniCredit, Fabrick, and existing investors such as 13books Capital, VR Ventures, D4 Ventures, and Force over Mass participated in the investment.
- Soplaya, an Italian start-up that operates as a digital wholesaler for restaurants, 🇮🇹closed a funding round of €12.5m. The round was led by Sinergia Venture Fund (Alkemia Capital), including previous investors P101, Azimut, Cdp Venture Capital (through Italia Venture I fund), and Intesa San Paolo.
- Keyless, a British startup specializing in biometric authentication technology, has secured $6m in a funding round led by Rialto Ventures.
- Sendabox, an online logistics platform based in Milan, raised €5.25m in Series A funding. The round included an equity portion of approximately €4.2m from Italmondo and Supernova Hub and new financing lines totaling €1.05m from Banca Intesa Sanpaolo and Banca Centropadana.
- Winelivery 🇮🇹raised €1.5m out of a €3.5m SAFE. Gellify and Xequity, among others, joined the round.
- RISE Technology, an innovative high-tech company specializing in manufacturing machines and production lines for photovoltaic cells and modules, semiconductors, and biomedicine, has raised a seed round of €1.5m. The funding was led by Tech4Planet, with participation from Progress Tech Transfer, an investment fund launched by MITO Technology.
Aptus.AI, a Pisa-based reg-tech startup, raised €3m in a pre-Series A funding round led by Programma 103, an investment fund managed by P101 Sgr. The round also saw participation from business angels and Fin+Tech, the accelerator of CDP Venture Capital.Digital Magics 🇮🇹is preparing to launch Step Ventures (paywall).Walliance acquired Lymo, France's first crowdfunding platform.TestBusters 🇮🇹acquired UniAdmissions, a UK-based company offering test and admission preparation to Oxford and Cambridge.Dealroom’s ranking of VC investors in EMEA.Italian Tech Alliance’s 🇮🇹report on the performance of equity crowdfunding in Italy.Qomodo 🇮🇹announced a partnership with Mastercard.Chatwin and Over Ventures 🇮🇹teamed up to support startups raising capital.Banca Valsabbina, Azimut, Fleap, and Integrae Sim 🇮🇹announced Fleap Holding, an investment vehicle aiming at investing in startups across Europe and raising capital through quasi-equity instruments (🇮🇹SFP, in Italy) fully tokenized on the blockchain.
Nouscom, a clinical-stage immuno-oncology company, raised €67.5 million ($72 million) in an oversubscribed Series C financing round. The funding was led by Andera Partners, Bpifrance, and M Ventures, with participation from Revelation Partners, Indaco Venture Partners, Panakès Partners, XGen Ventures, and other undisclosed investors.Planet Farms, an Italian company specializing in controlled environment agriculture, 🇮🇹raised $40m in funding.Xnext, an Italian startup developing X-ray inspection technologies, 🇮🇹raised a venture debt loan of €20m from the European Investment Bank (EIB).Nextsense, an innovative SME of the P&P Patents and Technologies group, raised €3m in a financing round by Angelini Ventures.CarpeCarbon, an Italian startup focusing on CO2 removal from the atmosphere, 🇮🇹raised a pre-seed funding round of €1.765m. The round was led by Tech4Planet and 360 Capital.ReLearn, a Turin-based startup specializing in waste management, 🇮🇹raised a funding round of €1m. The investment was led by Cdp Venture Capital sgr, along with participation from LA4G - Luiss Alumni 4 Growth, Club degli Investitori, LVenture Group, Feel Venture, and Sensible Capital.
- D-Orbit, a space-tech startup, raised over €100m in Series C funding, with Marubeni Corporation as the lead investor.
- Qomodo, a Milan, Italy-based provider of payment solutions to physical retailers, raised €34.5m in Pre-Seed funding. The investment includes equity and a credit line.
- ShippyPro, a shipping platform for commerce, raised $15m in a Series B round from Five Elms Capital.
- Dreamfarm, a vegan mozzarella producer, raised €5m in a Pre-Seed round from business angels.
- Equixly, an AI-driven cybersecurity startup, 🇮🇹raised €1.5m in a seed funding round led by 360 Capital, with participation from Nana Bianca and Stephen De Vries, co-founder and CEO of IriusRisk.
- SoundSafe Care, a spin-off of Scuola Superiore Sant'Anna di Pisa, 🇮🇹raised €1.75m in a funding round led by RoboIT. Other investors include Fondo Toscana Next and Pariter Robotics srl.
- Exor joined a $15m in PhaseV, an Israeli startup.
- Entropica Labs, a quantum computing startup, raised $4.7m in Series A from LIFTT and other investors.
- Ooodles, a UK-based company, raised $12m in funding led by Paris-based asset manager, Smart Lenders Asset Management (SLAM).
- Yellow, a new VC firm from Glovo founders and Atomico investor, is betting on Southern Europe.
- Holding 14, Luigi Berlusconi’s investment holding, 🇮🇹launched Annapurna, a VC investment vehicle focused on Italy and abroad.
- MotorK, an automotive SaaS platform, raised a €5m debt facility from Atempo Growth.
- D-Orbit, 3Bee, and Nano-Tech are the three Italian startups to receive funding from the EIC Accelerator.
- Spesati, an e-groceries startup, 🇮🇹raised an undisclosed round of funding from Abbi Group and other investors.
- 2100 Ventures, a €30m investment vehicle by the Benetton family, was officially unveiled.
- [Post-email addition] - Generali announced Generali Ventures, a €250m direct + indirect fund, focused on insurtech and fintech startups. The fund has already invested in three top-tier European VC operators: Mundi Ventures, Speedinvest, and Dawn.
Wsense, a submarine connectivity startup, raised €9m from SWEN’s Blue Ocean and CDP Venture Capital SGR among others.Out Of, a sports glasses startup, 🇮🇹raised €7.6m in a crowdfunding round, participated among others by Azimut and Ferrari.NextAI, a conversational AI startup, 🇮🇹raised an undisclosed seed round from Digital Magics and Smart4Tech S.p.A.Cubbit signed a distribution agreement with Exclusive Networks for data security across Europe.Navigating the LLMops landscape: What you need to know.An 🇮🇹interview with Luigi Tommasini, senior partner at FII SGR SpA.
Aindo, a synthetic data startup, raised a $6m series A in a round led by United Ventures and participated by existing investor Vertis SGR. (note: the linked article includes the deck Aindo used to pitch the round.)Qapla', a Florence-based scaleup that develops solutions for e-commerce management, 🇮🇹raised €5m in a Series A round. The funding was led by BlackSheep, with participation from CDP VC's Acceleratori fund and Toscana Next.ClubDeal, a private investment platform, 🇮🇹raised €1.5m in a round led by CDP VC.Arca Dynamics, a startup in the Space Economy, 🇮🇹raised €1.2m for the future of space debris. Investors include Cdp VC, Fondazione Crt, UniCredit, Plug and Play, and Ogr Torino.Tuorlo Magazine, a food-media startup, 🇮🇹raised €1.1m from business angels.Pack, a HR-tech platform, 🇮🇹raised a pre-seed round of €500k. The round was supported by Italian and international investors, including PRAXI Spa, Techstars LLC through Techstars Partners 2021, Ad Maiora Srl, C360, and Happily Welfare srl.Fantix, an NYC-based AI model development startup, raised $1.6m in funding. Investors include Gaingels, Notion Capital, Founders Factory, Fastweb, Connect Ventures, IAG, and B Heroes.
Soul-K, a food-tech startup, 🇮🇹raised €20,5m in equity (€13m) and debt (€7.5m) from CDP Venture Capital, LIFTT, Azimut, Simest and existing investors (Innogest, Tan food, Levante Capital SIS). BancaTer acted as the debt provider.BonusX, a startup helping customers receive tax and other bonuses, 🇮🇹raised €3.2m from Giant Ventures, Exceptional Ventures, 2100 Ventures, and business angels.Zakeke, a Visual AI commerce startup, 🇮🇹raised €2m in a SAFE round led by Berrier Capital.ViteSicure, an insuretech startup, 🇮🇹raised €2m in a bridge round from existing investors (CDP VC, Reale Mutua, Apside).Inta Systems, a lab-on-chip startup, 🇮🇹raised €2m from Eureka! Venture, LIFTT, and Deep Ocean Capital.Hoopygang, an influencer marketing startup, 🇮🇹raised €1.25m from CDP VC and Nana Bianca.Bug’s Life, a startup producing insect-based proteins, 🇮🇹raised €552k from Sici and Business Angels.Gevi, a clean energy startup, raised €400k in a pre-seed round participated by 360CP and CDP.Data Masters, an AI-focused edutech startup, raised an additional €200k in its seed round from Primo Ventures, for a total raise of €950k to date.Banca Valsabbina 🇮🇹acquired a 15% stake in ID Defend. The amount invested is undisclosed.Barcelona-based Workfully raised €1.2m.P101 🇮🇹acquired a 24% stake in CityNews, in a secondary transaction.360CP, Indaco and United Ventures 🇮🇹raised €40m in aggregate from Lombardia Ventures, a fund-of-funds initiative from the Lombardia region.
The Circle, an agritech startup, 🇮🇹raised €2.1m from Opes Italia and Sparviero Holding.Hercle, a Milan-based trading startup in the crypto world, 🇮🇹raised €1.7m in a seed investment round. The funding was led by Prana Ventures and Kairos Partners Sgr, with participation from business angels.Test1, a cleantech startup, 🇮🇹raised €1.7m from LIFTT, a|impact – Avanzi Etica sicaf, Selected Investments and Faros.eWibe, a premium wine-trading startup, 🇮🇹raised €450k from business angels, bringing its total pre-seed round to €700k.Astradyne, a space-tech startup, 🇮🇹raised €400k from Galaxia and Obloo.Habyt, a flexible housing startup, raised €40m in a Series C round led by Korelya Capital and Deutsche Invest.Vaultik, a crypto startup, raised $2.5 million in funding from The Operating Group.Hypeal, a Netherlands-based digital assets startup, raised €188k in a pre-seed round.
Sidereus Space Dynamics, a company based in Salerno, Italy, raised €5.1m in Seed+ funding. The funding round was led by Primo Space and CDP Venture Capital Sgr, via the Italia Venture II – Fondo Imprese Sud fund.Evja, an agritech startup, 🇮🇹raised €4.2m in a pre-Series A round. The funding was led by CDP Venture Capital sgr through Italia Venture II and SEFEA Impact sgr.Cellply, a life sciences startup, raised €3.6m from Recomec, LIFTT, and Schia Ventures.BeSafe Group 🇮🇹closed a Series A round of €3m, led by PranaVentures and Azimut Libera Impresa, on behalf of the Azimut Digitech Fund. The round also included CDP Venture Capital SGR and strategic business angels.PandasAI raised $1.1m in a Pre-Seed round, with funding from Runa Capital, London-based Episode1, and Vento, the Italian arm of Exor Ventures.Inflead, an influencer marketing intelligence platform, 🇮🇹raised €1m from Blacksheep.Enovis to buy surgical implants maker LimaCorporate for €800m.Jakala acquired Roibox.ToolsGroup 🇮🇹acquired Evo.
Shop Circle, an e-commerce software startup based in London, has successfully secured $120m in Series A funding through a combination of debt and equity. The funding was raised from 645 Ventures, NFX, QED, and 3VC. 🇮🇹A syndicate of Italian investors including CDP VC, The Techshop, BlackSheep Ventures, and Primo Ventures joined the round. Finally, I80 Group provided the debt facility.Arduino, the maker of an open-source electronics platform, raised an additional $22m in its Series B round, with CDP Venture Capital and Anzu Partners being the main investors.Avio invested €2.5m in T4i, a spin-off of the University of Padua that specializes in innovative propulsion systems.QuantaBrain, a start-up focused on improving the diagnosis of psychiatric and neurodevelopmental disorders using AI algorithms, 🇮🇹raised an undisclosed amount of funding from Scientifica Venture Capital.
Focoos AI, an AI optimization startup, raised €335k from CDP and Obloo.
Yakkyo, a dropshipping platform, is 🇮🇹considering an IPO. The platform had revenues equal to €6.5m in 2022m with a 15.2% EBITDA margin.
Do you remember the AI fund that was announced by the Italian government in May? The fund 🇮🇹will begin with €200m from the government and will be managed by CDP VC. Its aim is to raise up to €600m from private investors.
The 🇮🇹problem of the Golden Power for Italian startups.
🇮🇹Reid Hoffman will be in Bologna on the 8th of September, giving a speech to the students of the Bologna Business School.
Moneyfarm announced 2.6Bm under management and more than 100k customers, growing at 15% y-o-y.
Bending Spoons 🇮🇹announced a €100m capital injection from Baillie Gifford, Cox Enterprises, and NB Renaissance.Wikicasa 🇮🇹raised €800k.LIFTT 🇮🇹announced a new capital increase, led by Azimut, bringing the total capital raised to €103m.NYP Techfin, a fintech startup, 🇮🇹raised an undisclosed amount from Banca Valsabbina, for 11% of the company.Milano Investment Partners joined a $3.5M Seed investment in Jellatech, a biotechnology company based in Raleigh, NC.H14 Spa 🇮🇹joined a $12m round in Qualifyze, a German start-up that provides audit services for the pharmaceutical industry.DoubleVerify will acquire Scibids Technology SAS (Blacksheep is an investor) for $125m in a cash and stock transaction.Teamsystem, a digital business management solutions provider based in Pesaro, Italy, 🇮🇹raised funds from Google's CapitalG and Abu Dhabi's Adia.Newcleo 🇮🇹acquired Rütschi, a Franco-Swiss group, for €68.9m.
Leaf Space, a space-tech startup, raised €20m in a round led by CDP VC and Neva SGR. 1000Farmacie, an e-commerce startup, raised a €10m extension to its Series A round.Easyrain, an automotive tech startup, raised €5.8m.WeTaxi, a mobility startup, 🇮🇹raised €2m from CDP VC and Azimut.Orapesce 🇮🇹raised a €500k convertible bond from Intesa.Hale, a Berlin-based femtech startup, raised €350k.Way Experience 🇮🇹raised €200k from Fondazione Social Venture Giordano Dell’Amore, an impact investor.Ener2crowd 🇮🇹closed its €1.2m round opened last January with Crédit Agricole investing €166k.Quince Therapeutics acquired EryDel SpA.CivitFun 🇮🇹acquired Group Reservation System.FITEC 2, a growth stage fund managed by Fondo Italiano d’Investimento, announced its first closing at €137m.CDP VC 🇮🇹announced an innovation center focused on agri-tech, Farming Future, with €20m ready to be invested.Mediobanca and Founders Factory announced a joint venture to invest in fintech startups, with the bank putting up €12m in capital.Getir exited Italy and Portugal.
Energy Dome raised an additional €15m into its Series B round announced back in April. New investors include Vopak Ventures, Sagana, 360CP, and CDP VC. The company has raised €55m so far in the round.BizAway, a travel-tech startup, 🇮🇹raised €10m in a debt facility offered by Illimity.Coverzen, an insuretech platform, 🇮🇹raised €3.3m in a round led by Vertis SGR and joined by a group of business angels.ALBA Robot, an autonomous micro-mobility startup, 🇮🇹raised €2.636m in a round led by Cysero and joined by RoboIT and Techstars.BCode, a Web3 startup, 🇮🇹raised €2m in a club deal with business angels.Holidoit, a tourism-tech startup, 🇮🇹raised €1m from business angels.Quickfisco, a fiscal-tech startup, 🇮🇹raised €900k in a mix of equity crowdfunding and grants.Piece, a real estate investment startup, raised a €650k round from StartupGym, East Ventures, Gaiax, and business angels.CardioaCasa, a telemedicine startup, 🇮🇹raised €250k in an angel round.United Ventures 🇮🇹announced the first closing of its new flagship fund, UV3. The fund has raised €65m so far, with a €150m target.Tinexta and Digital Magics 🇮🇹announced a new joint venture to invest in 10 startups, with a €250k average ticket.VEM Sistemi announced the acquisition of 67% of Neen, an independent cloud hosting provider.Digit’ed 🇮🇹acquired 24ORE Business School, a digital business school. According to 🇮🇹rumors, the price paid was €200m.
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- Ermes Cyber Security, a browser security startup, raised €3m in a Series A round led by Sinergia Venture Fund. Finapp, a deep-tech startup, received a €3m grant from EIC, the European Innovation Council. Only another Italian project was selected (here’s the list). Colossus, a Web3 startup, raised €2.5m. Muscope, a cybersecurity startup, raised €800k from Primo Ventures and Klecha & Co.nElephants, a Swiss/Italian luxury watches tokenization startup, 🇮🇹raised CHF 500k.IH1, an investment holding, 🇮🇹invested €100k each in Deeva and Pelo Matto, and €1m in Mamazen, a startup studio. Compass, a consumer credit company, 🇮🇹acquired Swiss-based BNPL startup HeidiPay for an undisclosed amount. IMD, a medtech company, 🇮🇹plans to go public to the Euronext Growth Milan. Canova SGR was recently founded and is 🇮🇹getting ready to launch Nova I, its first VC fund. Azimut announced a pan-European VC strategy, 🇮🇹announcing two new funds.
Develhope, an edtech startup, 🇮🇹raised €6m from CDP VC, Opes, and Sefea.
Crono, a sales-tech startup, raised €500k from SFC Capital, Aticco Ventures, and others.
Supermoney, a utilities & finance products comparison company, agreed with VAM SPAC to go public via a merger valuing the company €200m.
IREN 🇮🇹acquired 88.43% of ReMat, a circular economy startup, by paying €3.5m.
Red Fish Long Term Capital 🇮🇹is planning an IPO with a valuation between €22 and €25m. The company raised previous capital in three crowdfunding campaigns.
Stellantis Ventures invested in 10 mobility startups.
Blackrock filed an application for a spot Bitcoin ETF.
AAvantgarde Bio, a biotech startup, 🇮🇹raised €61m in a round participated by Atlas Venture, Forbion, and Longwood.ISAAC, a building integrity startup, 🇮🇹raised €5m in a round led by CDP VC.Freedome, an outdoor experiences startup, 🇮🇹raised €2.5m in a round led by Opes Italia.Repron Therapeutics, a biotech startup, 🇮🇹raised €2m in a round led by Claris Ventures.Flying Basket, a UAV startup, 🇮🇹raised €2m from Cysero. Also, Leonardo SpA acquired 10% of the company from the founders.Eligo raised €998k from BRB Holding S.r.l.Mundimoto, a Spanish startup selling second-hand motorcycles, 🇮🇹raised €10m and is planning to enter the Italian market.Vection Technologies announced the acquisition of InVRsion.Deep Ocean Capital 🇮🇹announced Deep Blue Ventures, a seed/early-stage fund focused on deep tech (space, AI, health). The fund starts operations with €40.8m in committed capital, and the goal of raising €70m.CDP 🇮🇹announced Galaxia, an aerospace incubator and tech transfer hub.Reading this weekItalian Tech Alliance 🇮🇹published a study on LPs in Italian VC funds. According to the survey, Italian VCs have €1.1Bn in dry powder available.
Fabrick, an open finance hub, raised €40m in a corporate round led by Mastercard.
Datamasters, an ed-tech startup, 🇮🇹raised €650k. Zanichelli Ventures was among the investors.
Valuematic, a data management startup, 🇮🇹raised €160k from Progress Tech Transfer.
Contents.com 🇮🇹acquired Scribox.
Shopfully and MEDIA Central Group merged.
Datamars acquired Kippy.
Bending spoons 🇮🇹acquired Humamy.
Portale Sardegna 🇮🇹merged with Destionation Italia.
Abiogen Pharma acquired EffRx Pharmaceuticals.
Italy to launch a €150m fund for AI startups.
MiScusi, a fresh pasta restaurant chain, 🇮🇹raised €10m from Mip, Picus, Kitchen Fund, Amundi, and Gaetano Marzotto.
Kampaay, an event tech startup, announced a €7.3m round from 360cp, SG Company, and Gellify.
Poke House, a poke restaurant chain, 🇮🇹raised an undisclosed amount in a round including Red Circle Investments.
Dscovr, a customer insights startup, raised €2m from Azimut Digitech, Exor, Bonsai Ventures, IAG, Growth Engine.
Future Fashion 🇮🇹raised €1.5m in equity and debt from SICI.
Blogmeter was 🇮🇹acquired by Shibumi Group.
Bizplace was 🇮🇹acquired by Alchimia investments.
White Bridge investments 🇮🇹launched a bid for Reevo, a listed cybersecurity company, at €17.6 per share.
Three Hills Capital Partners 🇮🇹signed an agreement to acquire Digital360, a listed media company.
Newcleo announced a €3Bn investment plan in France.
Angelo Moratti 🇮🇹invested as an LP in Sound Ventures, Ashton Kutchner’s fund focusing on AI.
AngeList: “After 18 Months, Your Investment Probably Isn’t Getting Marked Up“
ROAD, the Rome Advanced District, was 🇮🇹inaugurated last week. Eni, Acea, and others among the partners.
Primo Ventures announced a strategic partnership with Lifegate.
Axelera AI, a Netherlands-based startup designing microprocessing units for edge AI, raised an additional USD$ 23m into its Series A round from CDP VC and Verve Ventures.
Newtwen, a digital twin startup, 🇮🇹raised €7m from 360cp and JOIN Capital.
Agade, a startup developing an industrial exoskeleton, 🇮🇹raised €4m in a round participated by Cysero, Brembo Ventures, CDP VC, EIC Fund, 360cp, and GeneraImprese.
CaSRevolution, a life sciences startup, 🇮🇹raised €1.8m from Utopia Sis and a group of business angels.
I-Tes, an energy efficiency startup, 🇮🇹raised €1.4m from Eureka! Ventures and Tech4Planet.
Angelini Ventures invested USD$ 6m (out of a USD $26m round) in US-based Cadence Neuroscience, an anti-epilepsy startup.
Stellantis Ventures invested in Lyten, a tunable three-dimensional graphene startup.
SilverLake acquired a minority stake in TeamSystem for $660m.
Neosperience is planning to IPO its Neosperience Health subsidiary on the Nasdaq.
Fabrick acquired Judopay.
Rancilio Cube Sicaf 🇮🇹raised €12m.
CDP VC 🇮🇹launched StyleIT, the fashion-tech accelerator.
Bending Spoons raised a €70m debt facility from SACE and Intesa Sanpaolo.Viceversa, a revenue-based financing startup, raised €10m in a round led by CDP VC.Primo Space announced an undisclosed investment in Lulav Space, an Israeli space tech startup.ALICE, Beyond CrioPurA, e-CO2Synt, and IliCO2Sep raised €1m in funding from Eureka! Ventures.Clearbox AI, a synthetic data startup, raised €385k in a seed round.Startup Geeks, an edutech platform for entrepreneurs, raised funding from Seed Money.Prometheus, a medtech startup, raised €2.7m in a crowdfunding campaign. Fintech Partners invested €0.5m in the campaign.MyNet, a productivity startup, raised funding from Credemtel.Fasanara acquired 10% of CashInvoice, a B2B BNPL startup.Adams Biotech raised a €470k loan facility.Club degli Investitori invested in Largix, an Israeli 3D printing startup.New fundsItalian Angels for Growth and Catalyst Investors Club announced Catalyst Crowd, a new crowdinvesting platform for European startups.Moonstone, a new micro VC with the goal to invest up to €50k in 60 startups in two years, was launched.Azimut announced Automobile Heritage Enhancement, a fund investing in classic cars.Doorway and Seedblink joined forces to share dealflow to their investor networks .A research on Italian VC by the School of Management of the Polytechnic of Milan, alongside other business schools in EU, shows that VC in Italy are slightly less more risk averse than US or European ones.PWC published a research on the economic impact of PE and VC in Italy.
We Are Emma, a hair wellness startup, raised €1.6m from a syndicate of business angels.ReasonedArt, an art tech startup, raised €1.4m in a round led by Woori Technology Investment.Nibol, a flexible work startup, raised €500k from CDP VC.TextYess, an eCommerce-tech startup, raised €450k in a seed round from a syndicate of angels and micro-seed funds.Sealence, a maritime technology startup, raised an undisclosed amount from Progress Tech Transfer.Filo was acquired by Traveler Innovations Ltd.Sesa Group acquired Visualitics.
- Energy Dome, an energy storage startup, raised €40m in a series B round led by Eni Next and Neva SGR.Bio4Dreams, a Life Sciences incubator, raised €2.5m in a crowdfunding campaign (out of a target of €0.7m).Jakala acquired FFW.Contents.com announced the acquisition of traduzione.it.ChatGPT is back in Italy - the Italian privacy watchdog scored one against OpenAI?Meanwhile, the European Commission proposed new copyright rules for generative AI.A round-up of the PwC Italy Fintech report.FS (the Italian railway’s operator) invested €10m in one of CDP VC’s funds.
Prestatech, an embedded finance startup, announced a €4m round led by CDP Venture Capital.eWibe, a marketplace for premium wines, raised €250k from Bonsai Ventures.Navia Yachts, a startup developing an electric dinghy, aised €250k.WarrantHub (Tinexta group) acquired a minority stake (9.1%) in Opstart.Contents.com acquired French startup Scribeur.com.Report: Raising capital in Italy, by Startup Wise Guys.AngelList’s 1Q23 State of Venture report.Cubbit expands its distributed cloud storage system.While everyone is focused on AI, A16Z published their 2023 State of Crypto Report.
Kopjra, a legal/cybersec startup, raised €870k in a crowdfunding campaign led by Azimut.Azimut invested €40m in Alps Blockchain, an operator of sustainable mining farms, directly and by promoting a club deal. Oversonic robotics, a robot startup, raised an undisclosed amount from Cysero. IAG sold its stake in Ultroneo srl to Sistemi SpA.UnipolSai acquired DaVinci Salute.The Italian Garante della Privacy asked OpenAI to limit its ChatGPT service in Italy, allegedly for misusing the personal data of Italian people (while training its AI) and for allowing access to the service to kids younger than 13 years old. The Garante asked for corrective actions and threatened a €20m fine if the company does not comply. The Italian government is proposing new legislation to ban the production and distribution of lab-grown food in Italy.Fun fact: if the EU approved a producer of lab-grown food from some other EU country, this would be able to sell its products in Italy, because EU approval would have priority. Wesual, a visual content creation startup, raised €1.25m from CDP, LVenture, and Encelado Ventures.A few weeks ago, Meta removed all Italian music due to a dispute over licensing with SIAE.More recently, the Italian Antitrust agency opened an investigation against Meta.Meanwhile, Soundreef, a digital rights platform alternative to SIAE, restored access to a portion of its catalog to Meta users.
HT Materials Science, an Irish-Italian startup, raised $15m from Saudi Aramco, Barclays, CDP VC, and Progress Tech Transfer.Cosmico, a talent-tech startup, raised €1.85m from Prana Ventures, Bonsai Ventures, Growth Engine, and a syndicate of business angels.Quisto, a supply-chain startup for the restaurant sector, raised €800k in a pre-seed round.360CP is preparing to launch Poli360 II.Scientifica VC announced Quantum Italia, an investment vehicle dedicated to quantum tech.IPO, M&A, and other liquidity eventsCube Labs went public with a €34.1m market cap.Antares Vision Group acquired 15% of Isinnova, paying €1.5m.Teamsystem acquired Microntel SpA.Sparks of Artificial General Intelligence - early experiments with GPT4Fasanara Capital on The Future of FinanceNewcleo is opening a €1bn roundThe Italian SAFE
Subscribe to the channel for weekly updates. Niccolò's newsletter: http://dealflowit.niccolosanarico.com/ Listen to all episodes on audio: Spotify: https://spoti.fi/3fVynsQ Google Podcast: https://bit.ly/3thf9RC Apple Podcast: https://apple.co/3Elhykq #venturecapital #italy #startup - Newronica, a neural devices startup, received a €2.5m grant from EIC. Billoo, a price comparison service for utilities, raised €1m from business angels. Not exactly a new fund in Italy, but UK-based Exceptional Ventures (founded by Paolo Pio) 🇮will be hosting a couple of events on the 15th and 16th in Turin and Milan to present their fund and look for startups in the health and wellness sector. Azimut is raising its third ALICrowd fund, with a target of €40m, on its very own crowdfunding platform (Mamacrowd). ALICrowd II raised +€31m exactly one year ago. dPixel, a venture advisor and accelerator, announced AG 4 Future Food Accelerator. Scalapay acquired Cabel IP for an undisclosed amount. Credimi will allegedly be acquired by Banca CF+ for €5m, plus an additional €5m earnout. Cube Labs, a health-tech venture builder, is working on a listing on the Euronext Growth Milan (professional segment) and aiming for a pre-money valuation north of €30m. Digital Magics and LVenture Group, two big players in the startup acceleration and seed investment market in Italy, are working on a merger. Nutribees was acquired by SecondChef. CDP VC takes stock of its accelerators’ master project In brief: 180 partners 200 startups accelerated so far 18 active programs €135m mobilized
A conversation with Andrea T. Orlando, one of the minds behind TechChill Milano 2022 and managing partner of Startup Wise Guys Italy (https://startupwiseguys.com/) -- This episode is powered by Belka Digital. Belka designs and builds successful digital products that people love to use — https://www.belkadigital.com
Caracol, an industrial additive manufacturing startup, raised €10.6m in a round led by CDP VC and Neva SGR. Existing investors Primo and Eureka! joined the round. BeDimensional, a new materials startup, raised €10m in a round led by CDP VC alongside Eni Next and NovaCapital. Angiodroid, a medtech startup, raised €7m in a Series A round led by CDP VC alongside ALIAD and 8a+ Investment. LimoLane, a premium chauffeur service startup launched by Gellify, raised €4m in a syndicated round led by Fabio Nalucci and Equity Venture Club. CercaOfficina.it raised €1.7m in a round led by Azimut Digitech Fund. MamaClean, a laundry-as-a-service startup, raised €1m from business angels and CDP VC. CyLock, a cybersecurity startup, raised an undisclosed amount from undisclosed investors. Duh. Dylog group acquired a controlling stake in Cmh. Marposs acquired Digital Strategy Innovation. CDP launched a new food-tech accelerator, FoodSeed.
United Ventures led a $21m round in Electra, a Boston-based startup developing battery-optimization software for the automotive market. Other investors include LIFTT, Stellantis Ventures, Club degli Investitori, and BlackBerry Limited. Microtech, a PC and tablet brand, raised €2.8m in a crowdfunding campaign, with 0.75m invested by Anthilia Capital Partners sgr and 1.2m by Azimut’s AliCrowd. BeyondTheBox, an edtech startup, raised €650k from POLIMI Graduate School of Management, CDP Venture Capital, and SuperCharger Ventures. Ittinsect, a biotech startup, raised €625k from CDP VC, Katapult Ocean, Indico Capital Partners, LVenture Group, and business angels. Holifya, a DNA analysis startup, raised €500k from Growth Engine, Exor and B4i. Fler, a startup developing hair removal products (i.e. razors!), raised €380k from Bonsai Ventures and Loop srl. Human Bio Innovation raised an undisclosed amount from Nova Capital. Wealthype, formerly known as Virtual B, raised an undisclosed amount from Azimut Enterprises. Napo Therapeuthics S.p.A., the Italian arm of Napo Therapeutics Inc. (a wholly owned subsidiary of Jaguar Health Inc.), raised a private placement round from SPRIM Global Investments. Tulips acquired Green Project for an undisclosed amount. Consensys acquired HAL for an undisclosed amount. Ih1, the investment holding set up by Mamazen, announced its second closing at 3.65m.
A conversation with Francesco Inguscio, Founder and CEO of Rainmakers (https://www.rainmakers.it/) and Nuvolab (https://nuvolab.com/). -- This episode is powered by Belka Digital. Belka designs and builds successful digital products that people love to use — https://www.belkadigital.com
Aryel, an AR startup, raised €3m in a round led by Prana Ventures with the participation of several business angels. ABZero, a drone delivery startup, raised €200k from business angels and crowdfunding. Aspire, a Singapore-based B2B fintech startup funded by two Italian entrepreneurs raised US$100m in a Series C round. Panakes Partners announced the final close of its Purple fund, at €175m. CDP Corporate Partners I, a “corporate VC” fund managed by CDP VC, reached €300m§, with the participation of Newlat and Terna as LPs. The European Investment Bank and 5 EU countries announced €3.75bn fund of funds to invest in VCs that back European scaleups. Casavo announced a 30% reduction in its workforce. The Rock Trading, Italy’s oldest crypto exchange, suspended trading and withdrawals, in a move that eerily resonates with similar cases in crypto (FTX?). Reading this week Looking for new tools to solve specific tasks? There’s an AI for that. Crunchbase’s January recap: OpenAI raised a third of all funding in the world. Pitchbook released its European VC Valuations report for 2022.
Jean-Philippe M.L. Schepens is founder and CEO of AxonJay.ai (https://www.axonjay.ai/). -- This episode is powered by Belka Digital. Belka designs and builds successful digital products that people love to use — https://www.belkadigital.com
Codemotion, a developer community platform, raised €8m in a round led by Sinergia Venture Fund and participated by existing investors (note: including Primo). Agricooltur, an agri-tech startup, raised €5m in a round led by Sinergia Venture Fund. 181Travel, a travel experiences startup, raised €2.5m in a round led by CDP VC, Sefea SGR, and Primo. Approxima, a medtech startup, raised €1.6m in a round led by Panakes Partners, with Club degli Investitori and other business angels. Medendi, a medtech startup, raised €1.4m in equity and debt from a pool of business angels. Voiseed, a generative AI startup, raised €1m in a round led by LIFTT. Metacasa, a VR-for-real-estate startup, raised €425k from business angels. X-Farm Technologies received €1m in a debt financing round from EIC Accelerator. Meeters received a €0.5m debt financing round from Intesa San Paolo and nominated a new CEO. Teamsystems acquired Growens’ email service Mailup in a €70m deal. BV Tech Group acquired Arturai, a cybersecurity company, for an undisclosed amount. Italian founders’ office hours: More than 130 VCs from international funds came together to offer office hours to Italian startup founders. This is a great opportunity to talk to fellow Italian investors that are working around the world and might provide excellent advice on fundraising, strategy, and more.
A conversation with Alessandra Mazzilli, Associate at Berlin-based VC firm Cavalry Ventures. This episode was recorded during TechChill Milano (Sept 2022) -- This episode is powered by Belka Digital. Belka designs and builds successful digital products that people love to use — www.belkadigital.com
Tau Group raised €9m in a series B round led by Solvay Ventures. FTnet, a marketplace startup specializing in the pharma sector, raised €3m from private investors. Harg, a silver-tech startup, raised €2.5m from CDP VC, A|Impact, Etica SGR, and others. Superlayer, a London-based startup founded by Italian entrepreneurs, raised $1.3m in a pre-seed round. Wora, a same-day delivery startup, raised €600k from IAG, Club degli Investori, and other business angels. Coderblock, a metaverse startup, raised €1m from Deloitte Consulting e ADM Media Consulting. Homa, a community housing startup, raised €715k from Sefea. UTwin, a digital twin for real estate startup, raised €400k from CDP VC. HWG made a tender offer for Sababa Security, at a price of €3.9 per share. Sababa went public in 2021. Q4 in Italian startups - by Mattia Moscarelli and Ubaldo Mafrici. 20 AI Italian startups to keep an eye on. Coverflex, a Portuguese welfare startup, raised €15m (including from Italian angels), and announced plans to launch in Italy.
Belka designs and builds successful digital products that people love to use — www.belkadigital.com
Unguess, a crowd-testing startup, raised €10m in a round led by FITEC. MgShell, a biotech startup, raised €500k from Bios Line Holding and business angels. Ener2Crowd, a crowdfunding platform for energy projects, raised €1m from business angels. Strava acquired Fatmap, a startup in P101’s portfolio. A profile of Mattia Barbarossa, the 21 years-old founder of Sidereus Space Dynamics. [disclaimer: Primo is an investor in the startup] One of the largest fundraisers in the history of Italian crowdfunding might be that of Forno Brisa, a bakery. They raised €3.4m so far (as I am writing this).
Sysdesign, a robotics startup, raised €3m from Cysero. Diamante, a biotech startup, raised €595k from Arieli Capital and a group of business angels. MindAhead, an Italian/German digital health startup, raised €500k from a syndicate of investors including CDP VC. FlowPay, a fintech startup, raised an undisclosed amount from Credit Agricole and AGOS. Zanichelli Ventures invested an undisclosed amount in Zick Learn's pre-seed round. Zakeke Group acquired Future Fashion for an undisclosed amount. Vedrai completed the acquisition of Premoneo (see issue #74). EY Barometer 2022 - The team at EY published the EY VC Barometer 2022
Spiagge.it, an ERP and booking engine for beach resorts, raised €1.4m from Growth Engine and a group of business angels. EvenFi, a peer-to-peer lending platform, raised €2.2m from Pacific Capital Partners. Sardexpay, a credit & payment network, raised €4m and appointed Paolo Galvani as its new president. KaraokeOne, a karaoke startup, raised €1.5m from CDP VC and other investors. Tootor, an edtech startup, raised €800k from Azimut and business angels through a crowdfunding campaign. Canadian company Valsoft Corporation acquired FuturaSI, the developer of a vertical ERP solution. Manet, a travel tech startup, acquired Edgar, another travel tech player. Chiesi Farmaceutici and Amrit approved an M&A transaction where the former would pay $1.48B to acquire the latter. Back in December Nextalia acquired IBF Servizi, a precision farming company, for €50m. Habyt and Common announced a merger. The Italian antitrust authority fined Yoox-Net-a-porter €5.2m.
Nyp Techfin, a fintech startup, raised an undisclosed amount from Banca Valsabbina. Satispay acquired a controlling stake in Onyon, a restaurant payments startup, for an undisclosed amount. Unicredit offered €20m to acquire Credimi. An analysis based on Crunchbase data of the startups created in 2022 (vs 2021), by sector. The 50 Italian startups that are participating at CES. Young Platform launched its service in France after it secured an operating license from the French financial markets authority.
Jobtech, a recruiting tech startup, 🇮🇹raised €6m in a round led by Oltre Impact and participated by Lumen Ventures. Académia.tv, a cooking video courses platform, 🇮🇹raised €1.3m from a syndicate of business angels. Didimora, a proptech startup, 🇮🇹raised €1m from StarTIP and Lio Factory. DoctorApp, a health-tech startup, 🇮🇹raised €400k from Zungri Capital. Blubrake, developer of an ABS brake for e-bikes, raised €10m in a venture debt round from the EIB. Campari, LVMH’s Moët Hennessy acquired 100% of Tannico. Aidexa, a neo-bank, signed a deal with Poste Italiane to distribute fast digital loans to Poste’s SME customer base. Credimi is 🇮🇹looking for acquirers, after a reportedly rough 2022. Terna, the Italian company managing the energy grid, 🇮🇹launched Terna forward, a €50m corporate VC program. Up2You, a green tech startup, 🇮🇹raised €3.5m from CDP VC and Azimut Digitech. Moneyfarm acquired Profile Pensions and hits £3bn in assets Fondo Italiano di Investimento 🇮🇹announced the first closing of a €130m food and agritech fund. The Italian Ministry of University 🇮🇹announced a new cybersecurity research center, funded with €116m from the RRP.
Hlpy, a roadside assistance startup, raised €7.5m in a round led by Synergo Capital. Babaco Market, an e-groceries startup, 🇮🇹raised €6.3m in a round led by United Ventures. Cosaporto, a premium food delivery startup, 🇮🇹raised €5m in an equity crowdfunding campaign. Eoliann, a climatic risk startup, 🇮🇹raised €1.5m in a round led by Primo Space and Exor Seed. TAC, a digital business card startup, 🇮🇹announced a €750k round. Xceed, a Barcelona-based live-events startup, raised €2m in a round led by Trind Ventures. Empatica, a medtech startup, announced the raise of an undisclosed series B round led by Sanofi Ventures and RA Capital Management. Fondo Italiano di Investimento 🇮🇹announced a new fund-of-funds focused on supporting funds that do impact investing.
Zerynth, an industrial IoT startup, raised €5.3m in a round led by United Ventures. Synergy Flow, an energy transition startup, 🇮🇹raised €1.8m in a seed round led by 360 Capital. DDC, a biotech startup, 🇮🇹raised €1.5m in a round led by Utopia Sis. Medicud, a health-tech startup, 🇮🇹raised €500k from Innova Venture. FidoRent, a proptech startup, 🇮🇹raised €400k from Exor Ventures and other investors. Bending Spoons acquired Evernote. 🤯🔥 Neosperience 🇮🇹acquired a controlling stake in Revoo, a wellness startup, for an undisclosed amount. Stellantis acquired AIMotive, an autonomous driving startup. Stefano Bernardi launched Unruly Capital, an €18m climate and deeptech fund. CDP 🇮🇹announced PiemonteNext, a co-investment fund focused on startups from the Piedmont region. Michele Padovani 🇮🇹launched Bonsai Ventures, a ~12m pre-seed investment holding.
Faba, Barberino’s, Medea, and others raised funding. CDP launched a new late-stage VC fund.
Serenis, A-World, WeShort, and others raised funding. FoolFarm raised funding, as well. Cazoo sold Brumbrum to Stellantis. Azimut invests in EV charging columns.
Bridge, Switcho, and PhotonPath raised funding. Neva launched a fund of funds. Angelini and Brembo announced their venture arms. And more news from Founders Factory, IAG
Faire.ai, QodeUp, Materia Medica Processing, and others raised funding. Soisy was acquired by Compass. Spotify opened its new hub in Milan.
Sybilla, Axyon AI, AvvocatoFlash, Green Future Project, and other startups raised funding. CDP joins InvestEU. Casavo shops in France.
Satispay is a new unicorn, Bending Spoons announced a record financing round, and other startups announced rounds. Two major startup events in the same week took place. And a few interesting articles and news from the interwebs.
Connected Stories, Aptus, Flowbe, and Cents raised funding. Aulab was acquired by Multiversity.
ProntoPro merged with Turkish competitor Armut, and the newco raised €15m from existing investors. Dove.it, a proptech startup, 🇮🇹raised €3m in a round led by Azimut Alicrowd Eltif. Aria Sensing 🇮🇹raised €500k from LIFTT. Var Group 🇮🇹invested an undisclosed amount in Airspot. Cazoo announced it will abandon its business in EU, including the Italian operations from the acquisition of Brumbrum.
Netfintech, Impossbl, and others raised funding. Exor invested in Ultraviolette. Mutuionline Group shops abroad. Evensi was acquired by Events.com. MaticMind acquired Cloudtec.
Deliveristo, ItalianWay, and ParkingMyCar raised funding. Blacksheep invested in the UK. Vedrai acquired Indigo.ai.
X-Farm, Lipogems, Neuranix, and others raised funding. IAG invested abroad (again). Intel to invest in Italy. Eniverse Ventures. YOLO went public.
MusixMatch received an investment from TPG. Gyala and Macingo raised funding. IAG invested abroad. An acquisition for Caffeina. The launch of the Italian Space Venture fund.
More than €200m in new capital was raised by Casavo, Medical Micro Instruments, Unobravo, Wallife, and others. Yolo announces its IPO price range. Acquisitions for SAP and Jakala. CDP announces a new accelerator and a new fund.
A quick review of the major events in Q2 2022 with Ubaldo Mafrici (Aster Capital) and Matteo Moscarelli (Plug and Play).
The Week in Italian Startup discusses and analyzes the latest news from the Italian startup ecosystem. Giacomo Mollo is a former academic in philosophy turned tech investor. He is co-founder and partner of iN3 Ventures, a corporate innovation and VC firm. Niccolò Sanarico is an Oxford MBA and a software engineer with a passion for innovation and startups. He is currently an Investment Manager at Primo Ventures SGR, a venture capital firm based in Italy.
iGenius, Treccani Futura, Smartpricing, and others raised funding. Banca Del Fucino invested in Lumen Ventures. Some M&A deals. Q2 ‘22 in European VC fundraising.
Phononic Vibes, Themis, Qlash, Nextsense, and several others raised funding. Acquisitions for GEDI and Digital360. H1 2022 in Italian startups.
Cortilia, Energy Dome, Servitly, and Shop Circle raised funding. An exit for Pharmap. Crowdfundme acquired Trusters
Our latest special episode of the podcast features Andrea Colombo, CEO and founder of Tulou: we explore the future of co-living, how real estate investing is changing and what are the future plans for Tulou.
Newcleo raised more funding for its nuclear reactors. Serenis, Meeters, GrowishPay, Smace raised funding. Will Media was acquired by Chora Media, Silver Lake acquired Facile.it, Nextalia/Bain acquired Deltatre. New accelerators from Sella/dpixel and 34BigThings/OGR/Microsoft.
We talk about applied AI, investing dynamics, how data has changed wealth management, portfolio construction, MDOTM's proprietary A.L.I.C.E. AI and the future of fintech.
Young Platform, Naturbeads, Wopta Assicurazioni, and Medics raised funding. Nexi sells assets. BOOM acquires LemonOne. 360Cp launched a new seed fund, and CDP VC launched a new accelerator.
Arduino, Rentuu, Marshmallow Games, OranGogo, and others raised funding. CDP VC announced a new fund. How to become a billionaire at 87 and other readings.
Kryptomon, Buddyfit, Tulips, Reiwa Engine, and others raised funding. Develhope acquired Uniwhere, BeMyEye acquired Metaliquid, and Nexi continues on its acquisition spree.
Apogeo Space, Bevy, To Italy Group, and others raised funding. Ulixes Capital announces Argo III. Acquisitions for Tinexta and Dedagroup Stealth.
Tulou, Ubiquicom, Akiflow, and others raised funding. Indaco Bio announced its first closing. Granarolo acquired White & Seeds.
Nanophoria, Flyted, and D4RE raised capital. M&A news from Nexi, Colvin, Alira Health, and Yapily. The Digital Transition and the Green Transition funds receive government approval. A new accelerator from CDP.
Artemest, Scalapay, Habacus, and Genuine Way raised funding. YOLO is planning an IPO. A new impact fund from AVM Gestioni, and the first closing for Kairos Ventures ESG One.
Sportclubby, Ecozema, KPI6, and others raised funding. More reports on Q1 2022 in Italian startups. New accelerators in Turin.
Bizaway, Hydraink, and others raised funding. Shopfully acquired a Spanish competitor. Acquisitions also for Namirial and Talent Garden.
Wsense and Aryel raised funding. Habyt merged with Hmlet. A review of Q1 2022 in Italian startups with Ubaldo Mafrici (Aster Capital) and Matteo Moscarelli (Plug and Play).
Vedrai, Soul-K, Insoore, WikiCasa, and others raised funding. Growens acquired ContactLab. New accelerators & call for startup programs from CDP, Baker Hughes, and Scientifica VC.
DoveVivo, Everli, Diadem, Newlisi, and more. Exor Seeds’ new investment strategy. The standard VC term sheet.
Boom, Heqet Therapeutics, Elaisian, and others raised funding. First closing for Primo Digital. Roomie was acquired by Habyt.
Kither Biotech, Flyingbasket, Ogyre raise funding. P101 invests in Spain (again!). Stellantis announces a CVC fund. Sezamo announces its opening in Milan. Ugly Duck 2021 is out. The Next Unicorn Awards.
Epicode School and Strive School merge and raise funding. First closing for The Techshop. Acquisitions for Up Day and Endurance Technologies Group.
ViteSicure, Kama.sport, Test1 Solutions, and others raise funding. ItalGas and Edison invest in startups. Acquisitions for Poste Italiane, Airtime Partecipazioni, Investcorp, DoveVivo, and others. Women CTOs in Europe.
Scalapay reaches unicorn status; Jointly, Wallife, Vitesy, and others raise funding. CDP invests in Cysero. The Venture Capital Monitor 2021.
Giffoni Innovation Hub raises funding, while P101 and Intesa invest abroad. New capital for LIFTT, Startup Bakery, Magic Spectrum, and Terra Next. Exits for Iubenda and Storeden.
Planet Farms, 1000Farmacie, GenomeUp, Serenis, and others raise funding. The EU Council wants to compete on the megafunds stage. Venice on the blockchain. The EY VC barometer.
OlivYou, Celery, Coverzen, Bike-room, and other startups raise funding. Acquisitions for Young Platform and Ecosfera Servizi SpA. Innovation made in Italy. A boom in “.it” domain registrations.
InnovHeart, Moneyfarm, Apparound, HAL, and many others raise funding. D-Orbit to become a unicorn in a SPAC deal. Cazoo acquires Brumbrum, while FACEIT merges with ESL Gaming in a $1.5Bn deal. CDP gets 2.5b to invest in the Italian startup ecosystem. And much more.
Thinkinside, Tecne, Albicchiere, and others raise funding. Poké is back in the news. New acquisitions by Glovo, Ardian, Assist Digital, and others. Nestlè invests in Eureka! Fund 1, Credem joins Fin+Tech. News from the wine market.
Skinlabo, Credimi, BKN301, Blubrake, and others raise funding. OCS acquired Redo. Qonto bets heavily on Italy. YC new terms. I3P’s record year.
D-Orbit issued a 100m convertible bond, CheckSig, Feat Food, Exo Lab Italia, and others raised funding. Azimut took control of Mamacrowd, Mooney changed hands, and more acquisitions from Almawave, Tier, EY.
Termo, Cellply, Mirta, and many others raise funding. Genenta and Sababa go public. Acquisitions for Moneyfarm, CY4gate, BusForFun. New funds from Neva and the Ministry of Economic Development.
Easyrain, Cashinvoice, StartupGym, VoiceMe, and others raise funding. Azimut’s DAO invests in Coinhako. FNM acquires a minority stake in SportIt. The State of European Tech 2021.
Aindo, Scuter, Twinone raise funding. A2A invests in three startups. ENI doubles down on nuclear fusion. Talent Garden acquires Hyper Island. Datrix goes public. A new VC fund from Kairos, while Berkeley’s SkyDeck is opening up in Milan. Italian startups will raise a record amount of capital in 2021.
Macai and Qodeup raise funding. Luiss invests in Digital Magics. Epipoli and Lifeanalytics acquire Dotcom and Abich. Alfonsino raises 4m in its IPO. Icona Technology completes a direct listing. Satispay and crypto. PlanetWatch and the Planet.Fund.
Wetacoo, Aryel, Algor, and others raise funding. Epsilon Bio was acquired by Chroma, Keyless was acquired by Sift, Alira Health acquired PatchAI, and more M&A. CDP Venture Capital launches Tech4Planet. Oltre Impact launches Oltre III.
BionIT Labs, TOT, Deesup, Neuron Guard, Endurance Group, and Random Power raise funding. Genenta files for an IPO. Acquisitions by Teamsystem, Lutech, and Datrix. The EU launches Cassini. The FT on Investing in Italy.
Viceversa, Sibill, and Emotiva raise funding. Namirial, Gada Group, IBM, and Amilon go shopping. Reading or listening to this week: the IAG index, Let’s Venture, and a call for bigger VCs. The Harmonic Innovation Hub.
Midori, Step4Business, Herbolea raise funding. The Italian government funds CDP Venture Capital with €2bn. IPOs (Defence Tech, Alfonsino) & liquidations (Vetrya). AppQuality, Hippocrates Holding, and ISEO go shopping
Join our discussion on what is happening in the EU in the Early Stage ecosystem; SWG strategy and how they grew B2B companies in the past two years.
Credem invests in the USA. 3DNextech raises funding. Atida acquires efarma.com. An interview with Claudia Pingue. Azimut and Gellify move East.
WeRoad, Sidereus, Divinea, WelMed, and others raised funding. Seco acquired a German IoT company. Doctolib acquired dottori.it. MotorK plans an IPO before the end of the year.
Matchplat, Endu, Mylab Nutrition, and others raise funding. MotorK shops in France and Spain. New funds: Five Seasons launches Fund II; Azimut launches a crypto fund.
Join me and Niccolò Sanarico from Primo Ventures in our discussion on the latest updates in the Space Economy. We talk with Raffaele Mauro, GP of Primo Space, one of the first VC funds launched in Italy focused on Space tech.
Futurely, MDOTM, Lithium Lasers, and others raised funding; ITATech 2.0; reports from Startup Wise Guys, Legal Tech Italy, and other readings; the State of the European Tech 2021.
Treedom, Exein, and others raise funding; lessons learned from TrueLayer’s new unicorn status.
Caracol, Epicura, and 4Securitas raise funding; CDP VC announces a new fund; Objectway shops in Germany; the relevance of Italian crowdfunding.
Scalapay raises $155m; BlackSheep Ventures announces the first closing at €40m; MiScusi opens in London, Wallapop launches in Italy; Piacentini joins Exor Seeds.
Italian founders raising funding abroad (Heroes, Eight Sleep); Newcleo raises capital for nuclear energy; My Solar Family and Kyklos are acquired; Renovacor in a SPAC merger.
New funds for Oversonic Robotics, Tau Group, and Corticale; Exor invests in India; Telepass launches Telepass Digital; Neva SGR opens its fund to private investors; CDP Xjobs.
Summer rounds for Entando, Resalis Therapeutics, Enerbrain, YOLO, Seedata, and HT Material Science; Helbiz completes its listing on the NASDAQ.
Funding rounds announced by Walliance, Vedrai, Develhope, and several others; P101 exits from Bipi; Prana Ventures announces the first closing of its seed fund.
Soldo and Yapily raise more than $230m in funding; Poke House invests in the Netherlands; new funds in biotech and medtech; Azimut gets approval for a crypto-focused fund.
Erbert, Reviva, Rebo, and Superfluid raised capital; several M&A news involving Satispay, Kaleyra, Cloudcare, and others; Stevanato goes public; CDP launches an edtech accelerator and a senior living startup.
Lots of funding rounds were announced, including by Cubbit, ShippyPro, Lampoo, Senso, and others; Enea Tech may return to invest in startups; the Italian fintech sandbox.
New funds for Translated, Wonderflow, Kampaay, and others; InvestCorp acquires CloudCare; more action in the online wine market with XtraWine; H1 2021 in Italian startups.
Italian crypto exchange Young Platform; Big Data and ML: Datrix and Sith Sense. MeglioQuesto goes public and Spindox plans to do the same; Elon Musk in Italy.
Automotive startups take the scene (Brumbrum, AutoXY, MotorK); Habyt raises capital and acquires another competitor; Zucchetti again; the CyberXcelerator; EdtechItaly.
Join us for our weekly recap of the biggest news from the Italian tech ecosystem. In this episode: CyberGuru, 4books, Collegia, Neurala, Zucchetti acquiring Axioma, Global Tech Ventures and the Italian National Cybersecurity Agency.