The week in Italian startups - Issue #111



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The week in Italian startups - Issue #111
By Niccolò Sanarico • Issue #111 • View online
I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: Cortilia, Energy Dome, Servitly, and Shop Circle raised funding. An exit for Pharmap. Crowdfundme acquired Trusters. A special episode of The Week in Italian Startups - the podcast with Andrea Colombo.
Enjoy the reading,

The Money
  • Cortilia, an e-groceries startup, 🇮🇹announced a €20m investment from existing investors.
  • Energy Dome, an energy storage startup, raised a $11m convertible note from CDP VC and Barclays.
  • Servitly, a no-code servitization startup, raised €2.16m in a round led by Primo Ventures.
  • UK-based Shop Circle, founded in 2021 by two Italian entrepreneurs, announced the closing of $65m from several investors including NFX and QED.
M&A and other strategic moves
  • CGM Italia 🇮🇹acquired Pharmap, a last-mile drugs delivery startup.
  • Crowdfundme, a crowdfunding platform, 🇮🇹announced the acquisition of 51% of Trusters in a stock-based transaction.
  • Alfonsino, a last mile delivery startup, and Justmary, a cannabis startup, 🇮🇹announced a partnership.
  • DGS SpA 🇮🇹acquired cybersecurity and opensource startup SMC Treviso.
  • Impatta4Equity, a sustainable investment vehicle inspired by the Laudato si encyclical by Pope Francis, was announced along with its initial two investments, a blockchain platform and an energy community.
  • Azimut and Unidata 🇮🇹announced a €51.3m investment in a green and neutral data center.
  • Haier Europe 🇮🇹launched an investment plan for European startups (spoiler: 2-4 startups/year, up to €10m each).
  • Cereal Docks announced Grey Silo Ventures, a corporate venture capital fund focused on B2B food tech.
Reading this week
  • An 🇮🇹article about Gelesis, a US-based biotech company listed on the NYSE, but actually born in Southern Italy.
  • A McKinsey article about How Europe’s top tech start-ups get it right.
  • Gorillas is 🇮🇹shutting down its Italian operations.
Fundraising tracker
Every week, I am posting a fundraising tracker based on the news I publish.
Ending Notes
Every week, Giacomo Mollo and I comment on the latest news: subscribe to our podcast on SpotifyApple Podcast, and other podcast platforms.
The Week in Italian Startups - the Podcast - special edition
Our latest special episode of the podcast features Andrea Colombo, CEO and founder of Tulou. Listen to our discussion on co-living. Here is the link to the Youtube version. Yes, the screenshot is not great but trust me, the conversation is quite good 😉
The Week in Italian Startup  - TULOU
The Week in Italian Startup - TULOU
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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