I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: Treedom, Exein, and others raise funding; lessons learned from TrueLayer’s new unicorn status.
Enjoy the reading,
Treedom, a remote tree-planting startup, raised €10m in a syndicated round participated by Exor, Chiellini (the football player), Nico Roseberg, and various angels.
Exein, a cybersecurity startup, raised €6m in a round led by Future Industry Ventures and eCAPITAL Entrepreneurial Partners.
TrueLayer, the UK-based open banking API platform, raised $130m at a $1Bn+ valuation in a round led by Tiger Global and participated by Stripe. Pietro Bezza, the first VC investing in the company back in 2016, published a “lessons learned” post to recap his experience with the startup.
Gellify invested an undisclosed amount in Athics, a conversational AI startup.
Italian Tech Week
Last week the long-awaited Italian Tech Week took place, with Elon Musk as a special guest (unfortunately, not in person as it was originally advertised). In case you want to take a look, the videos from the event can be watched here.
A selection of positions published last week on XJobs
The XJobs platform is a free portal listing open job positions from the Italian startup ecosystem, managed by CDP Venture Capital. If you desire, you can apply for free and have your job positions posted on the platform by following this link.
Join the Clubhouse conversation between Giacomo Mollo and myself, commenting on the latest news every Monday at 6:30 pm CEST. In case you miss the live discussion, you can subscribe to the podcast on Spotify (and other podcast platforms).
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 VCHub, the association of Italian Venture Capital, investors in innovation, startups, and innovative SMEs.