View profile

The week in Italian startups - Issue #93

The week in Italian startups - Issue #93
By Niccolò Sanarico • Issue #93 • View online
I am Niccolò from Primo Ventures. Welcome back to my digest of the latest news from the Italian startup ecosystem.
In this issue: Scalapay reaches unicorn status; Jointly, Wallife, Vitesy, and others raise funding. CDP invests in Cysero. The Venture Capital Monitor 2021.
Enjoy the reading,

The Money
  • ScalaPay, a BNPL startup, became Italy’s first unicorn in a few years after announcing a $497m round led by Tencent and Willoughby Capital.
  • Jointly, a welfare startup, 🇮🇹raised €5m from Gellify and Azimut Digitech Fund. The company also invested in Badacare.
  • Wallife, an insurtech company, raised $4.8m from a syndicate of business angels.
  • Vitesy, an IoT startup, raised €1.4m from CDP Venture Capital.
  • Enry’s Island, a business incubator/accelerator, raised €500k from Key Capital.
  • Ecomill, an equity crowdfunding platform, 🇮🇹raised €200k from Fondazione Social Venture GDA.
IPOs and M&A
  • Rocket sharing company, a blockchain-based cashback marketplace, is going 🇮🇹public today on the Euronext Growth Milan with a market cap of €9.1m, raising about €3.6m.
  • Almawave [AIW] announced the acquisition of SisTer, a data science company, for €2.1m.
  • Gellify 🇮🇹acquired Antreem, a digital design firm.
  • Digital360, a listed digital media group, 🇮🇹acquired 51% of martech startup Digital Sales (paying €150k)
New funds
  • CDP Venture Capital 🇮🇹invested €20m in Cysero, a VC specializing in robotics and cybersecurity, that is now managing €45.4m.
  • CNH Industrial announced the creation of a corporate venture capital arm, CNH industrial ventures.
Venture Capital Monitor 2021
  • AIFI 🇮🇹published the VeM 2021 research regarding the Italian ecosystem in 2021. This report is probably the one taking the broadest approach to the definition of “Italian ecosystem”, and records almost €2Bn of investments.
Reading this week
  • A 🇮🇹critique of Italian VCs not investing much in climate tech startups, based on data from the Climate Finance Observatory of MIP.
Fundraising Tracker
Every week, I’m posting a fundraising tracker based on the news I publish.
2022 matched 2020 in just 2 months. 🚀
2022 matched 2020 in just 2 months. 🚀
Recent job positions from XJobs (& beyond!)
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 conversation between Giacomo Mollo and myself commenting on the latest news, every Monday at 6:30 pm CET (follow us on Twitter for a live reminder and the link: Nico / Jack). If you miss the live discussion, you can subscribe to our podcast on SpotifyApple Podcast, and other podcast platforms.
Have a great week,
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 the Italian Tech Alliance (

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue