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The week in Italian startups - Issue #118

The week in Italian startups - Issue #118
By Niccolò Sanarico • Issue #118 • 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, covering the last three weeks: Netfintech, Impossbl, and others raised funding. Exor invested in Ultraviolette. Mutuionline Group shops abroad. Evensi was acquired by MaticMind acquired Cloudtec.
Enjoy the reading,

The Money
  • Netfintech, a fintech startup, 🇮🇹raised €1.7m from We Holding and Banca Valsabbina.
  • Impossbl, a “next-gen production company”, raised $1.13m in a pre-seed round by business angels and Exor.
  • Ibanway, a fintech startup, 🇮🇹raised €130k.
  • DBridge, a digital services platform, 🇮🇹raised an undisclosed amount from Gellify and Azimut Digitech Fund.
  • Exor invested $10m in Ultraviolette, an Indian electric motorcycle startup.
M&A and exits
  • Oltre Venture 🇮🇹sold its stake in Centro Medico Santagostino.
  • acquired Evensi for an undisclosed amount.
  • Mutuionline acquired a French and a British competitor, in a cash transaction worth €150m.
  • Maticmind acquired 51% of Cloudtec, in its fifth acquisition in 2022.
Reading this week
Fundraising tracker
Every week, I update my fundraising tracker based on the news I publish. 
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,
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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