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.