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The week in Italian startups - Issue #112

The week in Italian startups - Issue #112
By Niccolò Sanarico • Issue #112 • 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: Phononic Vibes, Themis, Qlash, Nextsense, and several others raised funding. Acquisitions for GEDI and Digital360. H1 2022 in Italian startups.
Enjoy the reading,
N.

The Money
  • Phononic Vibes, a deeptech startup focused on vibration and noise cancellation, raised €6m in a round led by CDP Venture Capital (through the new Corporate Partners I fund), with the participation of existing investors Eureka! and Poli360.
  • Themis, a commodities trading platform, raised €6m from Ori Martin SpA, a steel company.
  • Qlash, an esports startup, raised €2.6m in a seed round participated by investors such as B-Heroes, Klambt Digital, business angels, and sports professionals.
  • Nextsense, a medtech startup, raised a €2.1m equity+debt round. Ulixes Capital provided €600k in equity and Azimut Direct syndicated €1.5m in debt.
  • Futura, an edtech startup, 🇮🇹raised €1.8m from United Ventures, Exor Seeds, Ithaca Ventures, LVenture Group, and several high-profile business angels.
  • Picosats, a space tech startup, 🇮🇹raised €1m in a round led by LIFTT and Progress Tech Transfer fund.
  • San Marino-based BKN301, a banking-as-a-service startup, 🇮🇹raised €15m in a round led by Abalone Group, with the participation of Azimut Digitech Fund, CRIF, and other corporates and business angels.
  • Searcode, a development&design consulting company, 🇮🇹raised €392k in an angel+debt round for its Coverride smart cover project.
M&A
  • GEDI 🇮🇹acquired 30% of Stardust, an influencer marketing company.
  • Digital360 🇮🇹acquired 51% of Methodos, a consulting group, paying €4.6m in cash.
Q2 2022 in Italian startups
It is again THAT moment of the year: H2 2022 is in the books, and it is time to sum it up. We have three main contributions:
Reading this week
  • An interview with Filippo Negri, one of Glickon’s co-founders.
  • Okta’s Businesses at Work report, an “an in-depth look into the applications that workforces use to stay productive around the world”.
  • Luca Rancilio, one of the most active Italian angel investors, announced the launch of a structured investment vehicle for his family office. In the post, Luca shares they executed more than 100 investments in international startups and VC funds in the last 10 years. Not bad!
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.
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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