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The week in Italian startups - Issue #83

The week in Italian startups - Issue #83
By Niccolò Sanarico • Issue #83 • View online
Hello,
I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: Aindo, Scuter, Twinone raise funding. A2A invests in three startups. ENI doubles down on nuclear fusion. Talent Garden acquires Hyper Island. Datrix goes public. A new VC fund from Kairos, while Berkeley’s SkyDeck is opening up in Milan. Italian startups will raise a record amount of capital in 2021.
Enjoy the reading,
N.

The Money
  • Energy Dome, an energy storage company, raised $11m from 360cp, Barclays, Novum Capital Partners, and Third Derivative.
  • A2A, an Italian energy company, participated in the Energy Dome round, and 🇮🇹 also announced investments in Enspired and Beem Energy.
  • Aindo, a startup developing a synthetic data generator for AI applications, raised €2.8m from Vertis SGR.
  • Scuter, a sharing mobility startup, 🇮🇹 raised €3m in equity, debt, and grants.
  • Twinone, a digital twin startup, raised a seed round from a syndicate of investors including Primo Ventures, Gellify, Azimut Digitech Fund, and Ratti SpA.
  • ENI invested in a $1.8B round raised by Commonwealth Fusion Systems, a company developing a fusion reactor technology. ENI had initially invested in CFS in 2018.
IPOs, M&A, liquidity events
  • Talent Garden acquired Hyper Island to scale its online education business.
  • xFarm and Farm Technologies joined forces and created xFarm Technologies, an agritech player offering digital services to more than 80k farms and 1 million hectares.
  • Datrix, an augmented analytics company, went public on the Euronext Growth market, raising €15m.
New investors in the block
Reading this week
  • Osservatori del Politecnico di Milano published its 2021 research on capital raised by Italian startups. 🇮🇹 This article on StartupBusiness provides a good recap of the key facts. See the chart below to get a sense of 2021.📈🍷
To the moon!
To the moon!
Golden power
A selection of positions published last week on XJobs
About 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.
Ending Notes
Join the Twitter Spaces conversation between Giacomo Mollo and myself commenting on the latest news, every Monday at 6:30 pm CET (follow us for a live reminder: Nico / Jack). If you miss the live discussion, you can subscribe to the podcast on Spotify, Apple Podcast, and other podcast platforms.
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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