The Week in Italian Startup Giacomo Mollo
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- Economia
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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.
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Tes Pharma, Proxima Fusion, Bending Spoons acquiring StreamYard, CDP VC plan - April 16, 2024
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 raising 1.5M, NExT, Amalia Care, CAC Payback and Churn - April 9, 2024
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 raising 19M, Nouscom, Quantonation, DataKrypto and homomorphic encryption - April 3, 2024
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. -
1B to AI Investments from CDP, Wesii, Cynomys, Nozomi rasing 100M, Zest - March 19, 2024
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.
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Kurbs Orbital raising 3.7M, WAO, This Unique, Bending Spoons and Vimeo?, GP Staking - March 13, 2024
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.
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Akuis, 150M for AI and Cybersecurity, H-Farm Delisting - March 5, 2024
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 2023
A 78-page-strong report on the Italian VC landscape by P101 + Dealroom.