View profile

The week in Italian startups - Issue #47

The week in Italian startups - Issue #47
By Niccolò Sanarico • Issue #47 • View online
Hello,
My name is Niccolò and this is my digest of what happened last week in the Italian startup ecosystem.
In this issue: new investments in Bipi, Altilia, Epicode, and others. Two new funds announced. A big M&A deal in Italian fintech. VC Hub has a new President. The end of Bio-on.
Enjoy the reading!
See you on the other side,
N.

The Money
New funds
M&A News
Reading this week
Congratulations, Mr. President!
Gianluca Dettori (chairman and founder of Primomiglio SGR), 🇮🇹was elected as new president of VC Hub Italia. The board of the association welcomed also Lucia Faccio, Roberto Magnifico, Alessio Beverina, Fausto Boni, Enrico Pandian, and Stefano Portu.
(disclaimer: I work for Primomiglio SGR)
Bio-On
This is a story of acute business analysis and well-timed short-selling, in a time when GameStop had not yet occurred, and hedge funds would not fear retail investors.
Bio-On was a public company, developing bio-plastics with an environment-friendly attitude. I say “Was” because, in 2019, Quintessential Capital Management released a report calling Bio-on a “castle of cards” built by the management with the goal of “getting rich at the expense of shareholders”.
As you can imagine, 🇮🇹 legal battles ensued, but the management had to give in and the company 🇮🇹 was forced into bankruptcy within a few months.
Bio-on was trading at its peak at a >€1b market capitalization. In May, 🇮🇹the company’s assets (including production facilities, brands, and patents) will be auctioned, with a starting price of €95m.
If you are into bio-plastics, there might be something interesting for you in this auction.
Ending notes
This is it for this issue. As always, feedback and comments are welcome!
Oh.. and happy women’s day! 💐
Have a great week,
N.
Supported by VC Hub Italia
Supported by VC Hub Italia
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).

By subscribing, you will only receive one weekly email, nothing else, nothing more.

This newsletter is supported by VCHub, the association of Italian Venture Capital, investors in innovation, startups, and innovative SMEs.

If you don't want these updates anymore, please unsubscribe here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue