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The week in Italian startups - Issue #114

The week in Italian startups - Issue #114
By Niccolò Sanarico • Issue #114 • 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: 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.
Enjoy the reading,
N.

The Money
  • Casavo, a proptech startup, raised €100m in equity in a Series D led by Exor, and an additional €300m in debt.
  • Medical Micro Instruments, a robotic microsurgery startup, raised $75m in a Series B round led by Deerfield Management.
  • Unobravo, a therapist platform, raised €17m in a Series A round led by Insight Partners.
  • Wallife, a digital risks insuretech startup, raised €12m in a round led by United Ventures.
  • BetaGlue Technologies, a life sciences startup, 🇮🇹raised €10m in a round participated by LIFTT, Kairos Partners, NEVA, and others.
  • FIDO, a fintech startup, raised €5m in a round led by United Ventures.
  • Roomless, a proptech startup, 🇮🇹raised €1.5m from Sensible Capital and Club Degli Investitori.
The Money, international edition
  • NEVA SGR 🇮🇹joined the Series B round raised by Cyberint and the Series C round raised by Coro, both Israeli cybersecurity startups.
M&A and other liquidity events
  • YOLO, an insuretech startup, 🇮🇹announced its intention to complete an IPO in August, raising between €10m and €15m.
  • SAP acquired AskData for an undisclosed amount.
  • Simone Marini, CEO and founder at Sailsquare, announced that his startup acquired a minority stake in its French competitor Skippair.com.
  • Jakala 🇮🇹acquired a minority stake in the French company Clever Age. It also acquired a Spanish company, Biko.
CDP VC
  • The 🇮🇹Energy Tech fund is finally active, with an €80m first closing and a focus on energy transition startups.
  • 🇮🇹Welcome to the latest CDP accelerator, Personae, focused on welfare startups. The accelerator has an initial allocation of €6m.
Fundraising tracker
Every week, I publish a fundraising tracker based on the news I share. (Note: I am reviewing the 2022 numbers to only account for equity, quasi-equity, and convertible debt investment rounds).
Spiking up 📈
Spiking up 📈
Ending Notes
Giacomo Mollo and I comment on the latest news every week: subscribe to our podcast on SpotifyApple Podcast, and other podcast platforms to get additional insights on what is happening in the Italian ecosystem.
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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