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The week in Italian startups - Issue #103

The week in Italian startups - Issue #103
By Niccolò Sanarico • Issue #103 • View online
Hello,
I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: 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.
Enjoy the reading,
N.

The Money
  • Artemest, a marketplace for luxury craftwork, raised €15m from IRIS Ventures and Olma Luxury Holdings.
  • Poste Italiane, the Italian national post office operator (today a group including banking, insurance, telco, and payment services), invested $27m in Scalapay, topping up the round closed by the startup earlier this year.
  • Habacus, a student loan management startup, 🇮🇹raised €1.82m from a syndicate of investors including Liftt.
  • Genuine Way, a blockchain-based service to manage the environmental impact of supply chains, 🇮🇹raised €550k from a syndicate of business angels.
  • Milano Investment Partners joined the $46m round raised by Vitrolabs, a US-based biotech company.
IPOs
  • Yolo, an insuretech startup (disclaimer: it is in Primo Ventures portfolio), is considering an IPO on the Euronext Growth Milan exchange.
New funds
  • AVM Gestioni 🇮🇹announced the launch of a new impact fund, with a target fundraise of €50m.
  • Kairos Ventures ESG One, a VC fund managed by Kairos, 🇮🇹announced the first closing at €10m. Contextually, the fund announced the investment of an undisclosed amount in Endostart, a med-tech startup.
Reading this week
Fundraising tracker
Every week, I am posting a fundraising tracker for Italian startups, based on the news I publish.
Ending Notes
Join the conversation between Giacomo Mollo and myself commenting on the latest news, every Monday at 7:00 pm CET (follow us on Twitter for a live reminder and the link: Nico / Jack). If you miss the live discussion, you can subscribe to our podcast on Spotify, Apple Podcast, and other podcast platforms.
Have a great week,
N.
Did you enjoy this issue?
Niccolò Sanarico

The week in Italian startups is a weekly collection of the most interesting news in the Italian startup ecosystem, with a focus on funding rounds, milestones, major partnerships, and innovation news. The weekly email will be in your inbox on Monday morning(-ish).

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