Jul 5, 2021

The week in Italian startups - Issue #63

By Niccolò Sanarico • Issue #63 • View online

Hello,

I am Niccolò and this is my digest of what happened last week in Italian startups.

In this issue: new funds for Translated, Wonderflow, Kampaay, and others; InvestCorp acquires CloudCare; more action in the online wine market with XtraWine; H1 2021 in Italian startups.

Enjoy the reading, see you on the other side,

The Money

Translated, a Rome-based, AI-driven translation platform, raised $30m in a round led by Ardian.
Wonderflow, an Amsterdam-based (but led by Italian founders) customer analytics startup, raised $20m in a round led by Klass Capital.
Kampaay, a B2B event management startup, 🇮🇹raised €1.5m in a round led by 360cp.
Akuis, a smart gym startup, 🇮🇹raised €1m from business angels.
Sofinnova Telethon, one of the ITATech funds, invested €6m in 3 biotech startups: AAVantgarde Bio, Alia Therapeutics, and Borea Therapeutics.

Liquidity events

InvestCorp acquired CloudCare, the company behind Comparasemplice.it, a consumer price comparison service. Details undisclosed.
Deporvillage, a Spanish company in P101’s portfolio, 🇪🇸was acquired by JD Sports for €175m.
Made In Italy Fund, a private equity vehicle managed by Quadrivio, acquired a majority stake in XtraWine, a wine eCommerce platform.

LP news

CDP Venture Capital committed €31.5m to United Venture’s UV T-Growth fund, through its fund-of-funds initiative. UV T-Growth has now surpassed €100m in committed capital.

Half-year results in Italian Startups

According to StartupItalia Alliance, 🇮🇹Italian startups raised €628m during the first half of 2021. The year is poised to become record-breaking, with >€1bn of expected investments.

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! 🙏🏻
New this week: MDOTM is looking for an operations specialist.

Ending Notes

The Week in Italian Startups goes Live on Clubhouse! Join Giacomo Mollo and myself discussing the deals of the week. Every Monday, from 6:30 pm to 7:00 pm CEST (9:30 am PDT). In case you miss the episode, you can subscribe to the podcast on Spotify.

Have a great week,

Did you enjoy this issue?

By 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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This newsletter is supported by the Italian Tech Alliance (https://www.italiantechalliance.com/).

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