Mar 21, 2022

The week in Italian startups - Issue #96

By Niccolò Sanarico • Issue #96 • 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: Kither Biotech, Flyingbasket, Ogyre raise funding. P101 invests in Spain (again!). Stellantis announces a CVC fund. Sezamo announces its opening in Milan. Ugly Duck 2021 is out. The Next Unicorn Awards.

Enjoy the reading,

The Money

Turin-based Kither Biotech raised €18.5m from a syndicate including Claris Ventures, 2 Invest, 3B Future Health Fund, Alef 6, and existing investors.
Flyingbasket, a drone development & operations startup, raised an undisclosed Series A from Cysero.
Ogyre, a “fishing for litter” impact startup, 🇮🇹raised €500k in a mix of crowdfunding and angel investors.
P101 🇮🇹led a €2m investment in CivitFun Hospitality, a Tenerife-based check-in automation service.

New funds

Stellantis announced a €300m venture capital fund, Stellantis Ventures, aimed at startups developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector.
Eureka! Fund I 🇮🇹announced Eureka TT, a tech transfer vehicle focused on supporting proof-of-concept projects. Eureka TT also announced its first three investments, for a total of €800k: T-Rem3die, Active Labels, PerovSKY.
FoolFarm 🇮🇹announced FoolCapital, an investment holding aiming to raise €25m.

Reading this week

A report on the Italian investor visa program.
Sezamo, an e-grocer from the Czech Republic with a promise of <3h delivery, is 🇮🇹opening in Italy.
Ugly Duck 2021 is out. Top quartile funds that raised funding from EIF have a +25% IRR.🤯😎
Viva Technology published its Next Unicorn Awards list: Bending Spoons and MusixMatch from Italy made it to the list.

Fundraising tracker

Every week, I am posting a fundraising tracker based on the news I publish.

Ending Notes

Join the conversation between Giacomo Mollo and myself commenting on the latest news, every Monday at 7:00 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 Spotify, Apple Podcast, and other podcast platforms.

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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