I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: 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.
Enjoy the reading,
N.
The Money
Nanophoria, a Milan-based biotech startup, raised €3.5m from Sofinnova Partners
Flyted, an infrastructure monitoring startup, 🇮🇹raised €1m from CDP Fondo Rilancio.
D4RE, a real estate startup, 🇮🇹raised €300k from SRI Group Global Limited.
M&A
Nexi acquired German company Orderbird for $140-150m.
Colvin 🇮🇹acquired Bloovery💐. LVenture Group, the listed company running the Luiss Enlabs accelerator program where Bloovery graduated recently, announced a 2x return on its investment.
Yapily, a UK fintech with an ITA heart, acquired FinAPI, a German open banking platform.
Alira Health acquiredRedCrow, a crowdfunding platform in the healthcare sector.
Strategic partnerships
Sella SGR, an asset management company, 🇮🇹announced the integration of MDOTM’s AI into its asset allocation processes.
New public funds from the Italian government
Two new funds that were included in the PNRR (the Italian national recovery plan) have been officially approved: the 🇮🇹digital transition fund (a €300m direct, indirect & co-investment fund), and the 🇮🇹green transition fund (a €250m fund).
A new accelerator from CDP
CDP VC, in partnership with Healthware Group and Accelerace, 🇮🇹launched a new accelerator dedicated to digital health startups, VITA. The program has a €6.25m initial budget to support participating startups.
Reading this week
Italian Angels for Growth, one of Italy’s primary business angels associations, 🇮🇹published its 2021 IAG index.
The XJobs platform is a free portal listing open job positions from the Italian startup ecosystem, managed by CDP Venture Capital. If you desire, you can apply for free and have your job positions posted on the platform by following this link.
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.
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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This newsletter is supported by the Italian Tech Alliance (https://www.italiantechalliance.com/).
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