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The week in Italian startups - Issue #121

The week in Italian startups - Issue #121
By Niccolò Sanarico • Issue #121 • View online
Hello,
I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
T-One Therapeutics, Eligo, and FlyTrendy raised funding. An exit for Employerland, a new JV for VedrAI, and new financing for Teamsystem. The State of European Tech 2022 is here.
Enjoy the reading,
N.

The Money
  • T-One Therapeutics, a life sciences startup, 🇮🇹raised €2.5m from Utopia Sis.
  • Eligo, a Made in Italy marketplace, 🇮🇹raised €2.1m and acquired two brands.
  • Flytrendy, an influencer marketing startup, 🇮🇹raised €300k in a round led by CDP.
M&A
  • Teamsystem is issuing a new €185m bond and will use a portion of the proceeds to finance new acquisitions.
  • SBG Humangest 🇮🇹acquired Employerland for an undisclosed amount.
  • VedrAI and Altea Federation 🇮🇹launched a joint venture on data intelligence.
The literal map of Italian VCs
The State of European Tech 2022
It’s again that time of the year: 😎
The State of European Tech report is coming back for 2022, and it’s been a turbulent year for Europe’s tech ecosystem. We would like to hear from you in order to tell this real story. 
I am once again supporting Atomico to bring you their State of European Tech survey, so that your perspective can be represented in one of the most definitive datasets in European tech.
I am proud to endorse the survey and its goal of reflecting the experiences of every part of the tech community. To have your voice heard, fill in the survey now. 
It only takes 5-7 minutes, and participants have a chance of winning a range of prizes, including VIP, invitation only tickets to the report launch at BAFTA.
Reading this week
  • The State of Web3 in 2022, by Tom Tunguz.
  • Italy ranked 4th in the European Cybersecurity Challenge.
  • Ten years ago, the Italian government created a special registry for “innovative startups” alongside a set of rules for companies entering it. 🇮🇹Here are a few charts showing the current status of the registry.
  • Enel launched a new Innovation Lab in Tel Aviv for AI and robotics in renewables and power grids.
  • The 🇮🇹current state of the Italian insuretech market.
Jobs this week
This week I have a few job positions to share from our portfolio (and friends):
Fundraising tracker
Every week I update my fundraising tracker based on the news I publish. 
A sluggish Italian summer
A sluggish Italian summer
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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