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The week in Italian startups - Issue #57

The week in Italian startups - Issue #57
By Niccolò Sanarico • Issue #57 • View online
Hello,
I am Niccolò and this is my digest of what happened last week in Italian startups.
In this issue: Italian investors investing abroad, from HAT Sgr to Zanichelli Venture; Nibol, My Cooking Box, and others raised capital; NEXI goes shopping (again); Enea Tech changes (?) course; REVO raised €220m; the Fintastico Italian Fintech Ecosystem Map; a new proposal to remove capital gain tax for angel investors.
Enjoy the reading, see you on the other side,
N.

The Money
Nexi
Enea Tech
  • talked several times about Enea Tech, the foundation created by the Italian government with €500m under management to invest in deep tech, health, climate, and ICT startups.
  • Well, 🇮🇹 according to the news (and to a leaked draft of the law proposal), our government is proposing to modify the mission of the foundation.
  • In the revised proposal, at least €200m would be destined for investments in life sciences, including the development of vaccines. The foundation would change its name to Enea Biomedical Tech.
  • It is not clear what would happen with the current organization (that has just started operations).
  • 😵‍💫
REVO SPAC
  • Revo, an Italian SPAC, has successfully raised €220m in its (oversubscribed) IPO.
  • The managers want to merge with an insurtech company focused on specialty products for SMEs and then build a European platform from there.
  • Also, as they state on their website, “by adopting blockchain technology”. If you run an insurtech startup related to the SMEs segment with a blockchain-based technology, then you know whom to call 😉
Italian Fintech in review
Fintastico and Dealroom published an ecosystem map of fintech in Italy. 🇮🇹In the accompanying article, the Fintastico team draws some conclusions about the Italian market: investments in fintech are growing but not as much as desirable, while adoption of fintech services by Italian consumers and enterprises has increased rapidly in 2020 (unsurprisingly). Will increased demand drive more investments?
Capital invested in fintech by EU country.
Capital invested in fintech by EU country.
Goodbye capital gain tax?
Reading this week
  • An interesting analysis of the hiring patterns of selected high-flying startups after they raised their Series A.
Jobs in Italian startups
  • You can explore 🔍 open positions here. Feel free to share the link with your contacts.
  • You are welcome to add new open positions using this form 📥 . Or, forward the link to your CEO or HR person - the more open positions, the more relevant the list, the more it will travel across the web, the more candidates will see it. Thank you! 🙏🏻
Ending Notes
This is all for this issue.
Thank you to all who sent links and contacts of Italian startups developing open source products. 🙏🏻🙏🏻
Have a great week,
N.
Supported by VCHub Italia
Supported by VCHub 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).

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