The Week in Italian Startup Giacomo Mollo

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 2023

A 78-page-strong report on the Italian VC landscape by P101 + Dealroom.