Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• MDOTM Ltd., a fintech startup, raised €27m in a Growth round from Expedition Growth Capital.

• Health Triage, a deep-tech startup, 🇮🇹raised €3m in a Early-Stage round from Vertis Sgr (Vertis Venture 6 Digital Sud), and Health 1.

• Archimede, a satellite connectivity and IoT startup,🇮🇹raised €1.5m in a Seed round from Primo Capital, Cdp Venture Capital, Plug and Play, Elis, 40Jemz Ventures, and Irritec.

• Banyan Biotech, a biotech startup, 🇮🇹raised €1m in a Seed round from Berrier Capital.

• Musthad, a circular economy startup, raised €1m in a Seed round from Alante Capital, Style IT, NextStep, and Ragnarson.

• Sencare, a health startup, raised €0.5m in a Seed round from Consis, Gama Partecipazioni, and Startup Bakery.

New funds💫

• Panakes Partners announced BII Catalyst Fund I for Italy, a biotech fund focused on Lazio-based biotech startups

IPO🪎

• Bending Spoons IPO prices above range at $18.4 billion valuation | Yahoo!Finance.

• Alia Mentis 🇮🇹went public on the Italian Stock Exchange.

M&A🥩

• Pirelli acquired a 24.99% in RideSense.

• iPratico 🇮🇹acquired Aivesp, a university spin-off from Scuola Superiore Sant’Anna.

• P101 integrated Prana Ventures (and announced a new €100m seed fund).

Reading this week📚

• 16 new unicorns 🇮🇹minted in defence and spacetech in 2026 | Ilsole24ore.

• 🇮🇹Intacture, a 6 MW datacenter built inside a mine, 100mt underground.

• Hercle Secured MiCA and EMI Licenses, Bridging Regulated Cross-Border Payments and Stablecoin Settlement.

• The State of the AI Economy | Exponential View.

• The Venture Capitalist's World Model | Odin.

• The Palantirization of everything | A16z.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form (note: fixed - it was offline for most of last week). Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form (note: fixed - it was offline for most of last week).

Fundraising Tracker 📈

Q2 in Italian Startups

A quick recap of the first two quarters:

1. My final number for the first 6 months of 2026 is almost EUR 730m.

2. The top 5 rounds were raised by four well established companies, and only one “AI-native” startup:

   1. D-Orbit (founded 2011, latest round EUR110m)

   2. Satispay (2013, 60m)

   3. Weroad (2017, 49.7m)

   4. Smartness (2020, 47m)

   5. Lexroom (2023, 43m)

3. Q2 was the most performant since my time series started - but it was the weakest on many previous years. Q3 and Q4 will be tough to match.

   

   The monthly chart draws a better picture than the aggregate data tells: 2025 had a great Q4, with almost 800m in new rounds announced. We are still a long way to go for the 1.5b mark!

   

4. Seed and pre-seed rounds account for the majority of stages (unsurprising).

You can navigate these and more charts on my streamlit dashboard.

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Compri, an AI for procurement startup, 🇮🇹raised €3.2m in a Early-stage round from Picus Capital, Shapers, Italian Founders Fund, and DFF Ventures.

• Kalipso, a regtech startup, raised €3.2m in a Early-stage round from Vento, Varsity, Lanai, Plug and Play, and Kima Ventures.

• Oversonic Robotics, a robotics startup, raised an undisclosed amount from STMicroelectronics, Fondazione ENEA Tech Biomedical, and SpotInvest.

The Money - International 🇮🇹🌍

• Seltz, an agentic web search startup, raised €12.5m in a Seed round from Speedinvest, B Capital, Italian Founders Fund, United Ventures, and Future Back Ventures.

IPO

• Bending Spoons S.p.A. announced launch of initial public offering; expected share price between $26 and $28 | BusinessWire.

M&A🥩

• Cato 🇮🇹acquired Avvista.

• Depth First Labs acquired Almanax.

Reading this week📚

• RarEarth, an rare earths recycling startup, 🇮🇹raised €2.5m grant from the European Innovation Council.

• The Italian Founders House

• The ‘tech cricca’ – will Italy’s new millionaires invest in start-ups? | StartupBusiness.

• Trenitalia 🇮🇹hacked, millions of customers' data breached: cell phones, emails, loyalty cards, and documents.

• Neva SGR exits from Phosphorus, a US startup.

• StartupItalia's 🇮🇹report on funds raised in H1 2026 by Italian startups: €643m. | StartupItalia.

• Claude Tag is a trojan horse:

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form (note: fixed - it was offline for most of last week). Looking for a new job? Check out this link!

• CEO & Co-Founder at Hemys

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form (note: fixed - it was offline for most of last week).

• AI Salon Torino

• Last chance to apply to the Lake Como Venture Lab program.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

And happy 300th issue to TWIS! 🎂

The Money 💰

• X-nano, a synthetic graphite startup, 🇮🇹raised €3.7m in a Seed round from Mito Tech Ventures, Pietro Fiorentini and other business angels.

• Soource, an AI procurement startup, raised €3m in a Seed round from Vertis, Tenity, 360 Capital, and Club degli Investitori.

• Bestie Bite, a social review startup, raised €1.5m in a Seed round from G&G (Grassi family holding company).

• Sirius Game, an edtech startup, raised €1.3m in a Seed round from Cassa Depositi e Prestiti, Trentino Invest, Ultra VC, 28Digital, and Add Value.

• niino, a medical transportation startup, raised €1.26m in a Pre-seed round from 40Jemz Ventures, Michele Grazioli, Danila De Stefano, Massimiliano Squillace, Alessandro Braga, Francesco Zaccariello, and Fabrizio Perrone.

• Cloov, a circular economy startup, raised €1m in a Seed round from StyleIT, Maze Impact, and Gateway Ventures.

The Money - International 🇮🇹🌍

• Rainbow Crops, a Belgium-based agritech startup, raised €9.7m in a Seed round from LIFTT, AIF, PINC, VIB, Corteva, and Maia Ventures.

Reading this week📚

• The Founder's Playbook: Building an AI-Native Startup | Anthropic.

• The Window Has Closed | X

• We are entering the era of compound models | OpenRouter

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form (note: fixed - it was offline for most of last week). Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form (note: fixed - it was offline for most of last week).

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Satispay, a fintech unicorn, 🇮🇹raised €60m from existing investors Greyhound, Addition, Lightrock, and others, and plans to raise €60m more to support future M&A activity.

• Rosso, a health-tech startup, 🇮🇹raised €3m in a seed round from 360Cap, CDP Venture Capital, Angelini Investments, Business Angels.

• Ulisses, an IoT startup, 🇮🇹raised €1m in a seed round from Argo and Business Angels.

• Sintropy.ai, an energy efficiency startup, 🇮🇹raised €1m in a seed round from Maia Ventures and FPR.

• AIM Solutions, an hospitality-tech startup, 🇮🇹raised €500k in a pre-seed round from Business Angels.

IPOs 🥂

• Bending Spoons filed for a U.S. IPO.

M&A 🥩

• UNGUESS acquired Testbirds.

• Facile.it 🇮🇹acquired Infodrive Service and Fideas.

Reading this week📚

• Statement on the US government directive to suspend access to Fable 5 and Mythos 5.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Vivilo, an event-tech startup, 🇮🇹raised 628k in a Seed round from Business Angels.

The Money International 💰

• 360Cap led a €15.5m round raised by Swiss startup GR3N

IPOs 🥂

• Alia Mentis 🇮🇹is planning an IPO on the Italian stock exchange

M&A 🥩

• CommerceClarity 🇮🇹acquired Katalogo.ai

• Angelini Venture’s first exit is worth $340m: Noctrix 🇮🇹was acquired by ResMed

• TrueLayer acquired In3.

Reading this week📚

• Chinese robotics company Ubtech 🇮🇹to choose Italy for its European HQ.

• A2A Life Ventures 🇮🇹announced Materia, a computer vision product to track waste.

• Learning produces an orthogonalized state machine in the hippocampus | Nature

• The pendulum - (I share the same feelings).

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• WeRoad, a travel-tech startup, raised €58m in a Series C round from Airbnb and H14.

• Deeptree, a fintech startup, 🇮🇹raised €2m in a Seed round from CDP Venture Capital.

New Funds💫

• 🇮🇹Djungle Brigde: a new secondaries fund for Series A+ startups that did not manage to scale.

IPO 🥂

• Newcleo to go public in a SPAC deal, merging with NewHold Investment Corp III.

Reading this week📚

• An 🇮🇹interview with Gianluca Dettori (Primo Capital) about the impact of AI in the enterprise. | Innlifes.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Founding Tech lead at Nursy

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Startup Africa Day 2026

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Lexroom, an AI-first legaltech startup, raised USD$50m in a Series B round from Left Lane Capital, Base10 Partners, Eurazeo, Acurio Ventures, Entourage, and View Different.

• Cosmico, an HR-tech startup, raised €12m in a Growth round from P101 SGR, and Prana Ventures.

• Quantum Bridge Technologies, a quantum security startup, raised €8m in a Series A round from Primo Capital SGR, Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital.

• K-Sport, a sports-tech startup, 🇮🇹raised an undisclosed amount in a round from Rialto EuVECA (AVM SGR), venture capital, high-net-worth individuals, and Zlatan Ibrahimovic.

The Money, Italians in the world 💰

• Invertix, a Germany-based, AI-first, solar asset management startup, raised €1.7m in a Pre-seed round from Vireo Ventures, and Italian Founders Fund.

M&A 🥩

• CVC, GBL launch €10.7 billion bid for Italian drugmaker Recordati.

Reading this week📚

• Practices of European and American venture capitalists: homogeneity and heterogeneity at work | Small Business Economics.

• Enrico Poli (Zanichelli Ventures) 🇮🇹on their investment in Gyver | EconomyUp.

• FoolFarm 🇮🇹becomes an AI startup, abandoning its venture studio origins | StartupBusiness.

• 🇮🇹9 Italian business angels in Top 50 investors & lenders by Sifted | StartupBusiness.

• Anthropic to open Milan office, expanding push into Europe | Reuters.

• 🇮🇹Sifted 100: Southern Europe, strong presence of Italian Life Sciences startups. | Innlifes.

• AI Eats the World | Benedict Evans

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Coding Agent Hackathon powered by Cursor - Milan

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Webidoo, an AI-for-business startup, raised €21m in a Growth round from IXC3.

• Algorithmiq, a quantum algorithms startup, raised €18m in a Series B round from United Ventures, CDP Venture Capital, and Inventure.

• Pillar, a company building an OS for construction companies, raised €12m in a Seed round from Earlybird Venture Capital, Base10 Partners, and Italian Founders Fund.

• Gyver, an edtech startup, raised €1.4m in a Pre-seed round from Brighteye, āltitude, Vento Ventures, Zanichelli Venture, and Antler.

• Alkelux, an advanced materials startup, 🇮🇹raised €970k in a Seed round from Foodtech Accelerator S.r.l., Eatable Adventures, Accelera Ventures, Banco di Sardegna, and La Gemma Venture.

M&A 🥩

• Movopack Acquires Hipli and Enters the French Market.

Reading this week📚

• Mediolanum is 🇮🇹exploring the sale of Flowe, its digital bank | ANSA.

• M3eweb, MirAI, RogueWavesAI, WordLift 🇮🇹won a grant from the ICSC (the HC, Big Data, and Quantum Computing national research center).

• DTA and Q Station 🇮🇹launch the first Italy–USA acceleration program for space economy companies.

• GreenBone Ortho is 🇮🇹experimenting its cure for osteoporosis on board the ISS | StartupBusiness

• We are left with thinking, again | Combinatoria.

• Energy Dome, Cellply and Caracol join the EIC Scaling Club | StartupBusiness.

• Energy Dome inks a strategic commercial agreement with Google | Energy Dome.

• IVC Flywheel | Italians in VC.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Finpal Lab (by Qonto)

• AI Salon Torino - Future Week

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Smartness, a vertical B2B SaaS in the hospitality segment, raised €47m in a Series B round from United Ventures, CDP Venture Capital, and Partech.

• Wopta Assicurazioni, an insuretech startup, 🇮🇹raised €5m in a Series A round from Make Your Credit, Holding B3 (Gruppo Calzedonia), and Business Angels.

• A-Cube, a fintech startup, raised €4m in a Series A round from P101, Sella Direct Ventures.

Reading this week📚

• Lifescience startups 🇮🇹raised €414m in 2025 | StartupBusiness.

• 'Don't pick a new Northvolt': Proxima Fusion’s CEO on how to fund ‘civilisation-changing’ green projects | Impact Loop VC.

• An 🇮🇹interview with Daniele Bernardi, Toolhouse founder | StartupItalia.

• 🇮🇹The Illusion of Competence: Why AI Makes Depth of Thought the New Scarce Good | Luigi Congedo.

• Diletta Livi 🇮🇹joins Alkemia SGR as a new partner | Financecommunity.

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More information at https://in3.ventures/webinar.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Open Value Trento 2026

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• ViteSicure, an insuretech startup, raised €2.5m in a Series A round from Ad4Ventures and Net Insurance.

• Always Friday, an AI organizer for corporate events, raised €1.05m in a Pre-seed round from Vento Ventures, P3 Ventures, Marco Migliore, and Arnaldo Borghesi.

The Money International 💰🌎

• Hypervision Surgical raised €17m in a Series A round from Heal Capital, Angelini Ventures, IP Group, Daycrest, Heran Partners, Redalpine, LifeX Ventures, Zeiss Ventures, Sinc, and Macmillan Cancer Support.

• QuoIntelligence raised €7.3m in a Series A round from Elevator Ventures, BMH Beteiligungs Managementgesellschaft Hessen, eCAPITAL ENTREPRENEURIAL PARTNERS, and Mercurius Private Equity.

M&A 🥩

Reading this week📚

• The Golinelli Foundation invested one million euros in Almacube, the innovation hub of the University of Bologna and Confindustria Emilia Area Centro.

• Italy’s Bending Spoons aims for a $20B valuation in a possible US IPO: reports — TFN.

• 10 female-led startups to 🇮🇹follow in 2026 | SheTech.

• Q1 2026 Italy Market Snapshot | PitchBook.

• 🇮🇹Italian Tech Landscape | La Tech Made in Italy.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Python Data Developer at Vocations

• Founder in Residence - Sport & Collectibles Online Platform at Human Vs Machine

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• BSUP #31: Michele Pagani - si può crescere senza andare in burn out?

• AI Salon Rome

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• NOB-Imatra, a sport-tech startup , raised €5m in a Growth round from CDP Venture Capital and Fintech Partners.

• BlockInvest, a blockchain-based asset tokenization startup, raised €4m in a Growth round from UniCredit.

• PepTiDa, Caa2ad, Lactothera, Keynon Lab 🇮🇹raised €2.5m in a seed round from Mnesys scarl.

• Domyn, an AI startup, raised an undisclosed round from BNY and Rabobank.

M&A 🥩

• Namirial 🇮🇹acquired Future Technology Lead.

• Oròbix Joins Domyn to Build a European AI Leader; Luca Antiga Named CTO.

• Genenta signs Definitive Agreements with Sophia High Tech | Genenta Science.

Reading this week📚

• Intesa Sanpaolo and Vertis SGR 🇮🇹enter into a partnership to invest in startups from Southern Italy.

• Alessandra Grendele has been 🇮🇹appointed general manager at Conio | EconomyUp.

• Growth Capital & ITA published their Venture Capital Report for Q1 2026.

• Luca Foresti and Andrea Di Camillo: 🇮🇹Come fare il Venture Capital (podcast) | Spotify.

• The Operators revolution | Irene Mingozzi.

• You know things are bad when YC feels the need to post this:

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Python Data Developer at Vocations

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Casavo, a proptech startup, raised €12.9m in a Growth round from Project A, Picus Capital, EVRG 18, and Salica Investments.

• Smartwage, a welfare startup, raised €2m in a Pre-seed round from Step Fund, and Zest.

• Cato, a public tender assistant, 🇮🇹raised €1.6m in a Pre-seed round from Italian Founders Fund, Heartfelt, Vento, BHeroes, Moonstone, Alecla7, Nova, and business angels.

• Neocad, a smart engineering startup, raised €550k in a Pre-seed round from 40Jemz Ventures, CDP Venture Capital, Zest, Coima, Ariston, and Nova Capital.

• Zell, a sales-tech startup, raised €0.5m in a Seed round from P3 Ventures, SkyDeck Europe, UC Berkeley SkyDeck, Lendlease, Cariplo Factory, Mamba Ventures, Nicola Pivaro, Flavio Di Palo, Pietro Tansini, Thomas Hunziker, Gabriele Sidoti, and Ricardo Waller.

New funds 💫

• Radical Partners, a fund-of-funds operator, launches its call for pitches from VCs:

M&A 🥩

• Mavriq completes acquisition of Switcho: 100% Exit closes | Mamacrowd.

• Libraesva and Cyber Guru Complete Strategic Combination and Launch LibraCyber, a New European Cybersecurity Leader.

• Lutech acquired Valyrian Enterprise Solutions.

Reading this week📚

• JetHR 🇮🇹launches a new Enterprises division | MilanoFinanza.

• You’re the best, the most brilliant, there’s nobody in the world like you | Matteo Flora.

• An 🇮🇹interview with Guido Brera, founder of Be Water, about global finance, energy, and the impact of AI | Repubblica.

• Cryptobooks 🇮🇹becomes Finbooks and expands its product offering.

• 🇮🇹An interview with Gianluca Dettori (Primo Capital) | La Stampa.

• The signs of the SaaSpocalypse are increasing:

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Commercial Co-Founder (m/f/x), ClimateTech Startup at Nebith Ltd

• Legal Counsel - Associate at Tech Europe Foundation

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• AI Salon Torino

• AI Salon Rome

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Niulinx, an autonomous taxi startup, raised €38m in a Early-stage round from a2a, CDP Venture Capital, Ferrovie dello Stato, Pirelli, Falck Family Office, VCPartners, MOST, Stefano Bernardi, Emilio Frazzoli.

• TeiaCare, a residential care startup, raised €7m in a Growth round from P101 SGR, Namarel, and Inderhabs.

• CareGlance S.r.l., an industrial monitoring startup, raised €3.5m in a Seed round from CDP Venture Capital, Eureka Venture SGR, and LIFTT.

The Money International 🌎

• Angelini Ventures invested in Lab0.

Reading this week📚

• The European Commission approves €211 million Italian State aid measure to support photonic chips development.

• Four investors answer: "🇮🇹Would you invest in a startup made by AI agents?"

• From fragmented funding to growing maturity: the Italian tech ecosystem | tech.eu

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• SDR – Sales Development Representative at Data Masters

• Customer Success Manager at Vocations

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Silicon Drinkabout Rome: pitch + networking (founders + digital workers)

Fundraising Tracker 📈

Q1 2026 in Italian Startups

Quick notes from the first quarter:

1. The quarter closed below expectations: the second worst in the last 5 years1.

   

2. The top 10 rounds show one clear outlier, D-Orbit, and the only one in plausible “unicorn area”:

   

3. CDP is the most prolific investor, by far:

   

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Wearable Robotics, a robotics startup, raised €5m in a Series A round from CDP Venture Capital, MITO Technology, LIFTT, SIMEST, RoboIT, and Toscana Next.

• Capsule Corporation, a space-tech startup, 🇮🇹raised €0.8m in a Seed round from Cdp Venture Capital Sgr (Takeoff Accelerator), kopa ventures, Moonstone Venture Capital, and business angel.

The Money - International 🌎

• Depthfirst, a cybersecurity startup, raised €80m in a Series B round from Meritech Capital, Forerunner Ventures, The House Fund, Accel, Box Group, Liquid 2 Ventures, Alt Capital, and Mantis VC.

• NEOH, an Austrian foodtech startup, raised an undisclosed round from Linfa (Riello Investimenti Sgr), and international partners.

M&A🥩

• Znext 🇮🇹acquired Factanza.

• Bending Spoons acquired Tractive.

Reading this week📚

• P101 released the State of Italian VC report.

• An 🇮🇹interview with Alessia Paccagnella, founder of VibeFlow.

• WhatsApp notifies hundreds of users who installed a fake app made by government spyware maker | TechCrunch.

• TIM and CDP Venture Capital sign a MoU to promote innovation and development of italian startups and technologies.

• 2026 Market Overview | Hamilton Lane.

• Logan Bartlett (Redpoint Ventures): "Reflections on the State of the Software and AI Market" | X.com

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Legal Counsel - Associate at Tech Europe Foundation (TEF)

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Trifoglio, a startup operating in the carwash space, 🇮🇹raised €30m in a round from various investors including Luca Pretto and Paolo Frigati.

• Subbyx, a consumer electronics-as-a-service platform, raised €30m in a Series A round from Systemiq Capital, Azimut, and Flashpoint.

• Dronus, a startup developing industrial drones, 🇮🇹raised €15m in a Growth round from Algebris, Azimut ELTIF Venture Capital ALIcrowd III/IV, CDP Venture Capital, SIMEST, and Eni Next.

• Foreverland, a food-tech startup, raised €6m in a early-stage round from Kost Capital, Maia Ventures, CDP Venture Capital, Linfa agrifoodtech fund, and Newtree Impact.

New funds 💫

• 360 Capital announces €85M close for Poli360 2, targeting €100M.

Reading this week📚

• Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion.

• The Italian EdTech market is 🇮🇹worth €2.7bn and 11,000 employees.

• Lorenzo Pireddu 🇮🇹appointed managing director for Qonto Southern Europe.

• EDIH PRIDE 🇮🇹announced an innovation contest for Hitachi rails - calling for startups developing in the artificial intelligence and cybersecurity sectors

Listening this week 🔈

• A while ago I was interviewed by the good guys at UNICORNI podcast. Here’s our conversation about the current status of VC, how the job evolved in the last decade, unicorns vs dragoons and other mythical animals. In 🇮🇹Italian!

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• UpSurgeOn, a medtech startup, 🇮🇹raised €5m in a Growth round from CDP Venture Capital SGR, Simest S.p.A., Deep Blue Ventures, Azimut Libera Impresa SGR S.p.A., and FBH S.p.A.

• Alomana, an AI startup, raised €4m in a seed round from CDP Venture Capital, Italia Venture II – Fondo Imprese Sud, Founders Factory, Kairos Ventures ESG One, Gresilent Holdings, Italian Angels for Growth (IAG), and Club degli Investitori.

• CiaoDott, an AI startup, raised €1.5m in a Pre-seed round from The Techshop, Vento, Club degli Investitori, Growth Engine, and Alpha Venture.

Reading this week📚

• Italian AI company Ipazia 🇮🇹ranked first in ServiceNow BrowserGym leaderboard.

• EU Inc, the first step towards a company incorporated under European law.

• Rai Way 🇮🇹announces new data center in Pomezia.

• The GTM Flywheel Behind $7M ARR | X

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Latest entries:

• AI Salon Rome: OpenClaw Workshop con Urbe Hub.

• AI | Capitali | Codice Chi guida davvero la trasformazione? L’intelligenza artificiale tra equity, impresa e algoritmi.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Cleafy, a fraud prevention startup, raised €12m in a Growth round from United Ventures, and eCAPITAL.

• Gyala, a cybersecurity startup, 🇮🇹raised €4m in a Growth round from Deep Ocean SGR, Terna Forward, CDP Venture Capital, and Ventive.

• Mirai Robotics, a startup developing autonomous vehicles for the maritime sector, raised €3.5m in a Pre-seed round from Primo Capital, Techshop, and 40Jemz Ventures.

• Accudire, a supply-chain digitalization startup, 🇮🇹raised €1m in a seed round from Business Angels

• Mr. Franz (soon to be renamed to HINT), a travel companion startup, 🇮🇹raised €500k in a Pre-seed round from Business Angels.

• IperMoney, a fintech startup, raised an undisclosed amount in a Seed round from 3M Stp.

New Funds

• Lumen II 🇮🇹announced its first closing.

M&A 🥩

• TeamSystem 🇮🇹acquired Nibol.

Reading this week📚

• Neura Robotics raised €1bn from Tether.

• Italian Legal BERT: A pre-trained Transformer Language Model for Italian Law | Hugging Face.

• An 🇮🇹interview with Lexroom cofounders.

• Services: The New Software | Sequoia.

• Too Big to Succeed | Odin.

• AI x Product: Use Cases for the Application Layer | Tommaso Moraca.

• Insane resilience:

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Latest entries:

• Plug and Play Italy Summit

• Aperitif for entrepreneurs and innovation enthusiasts in Bologna

• Aperitif for entrepreneurs and innovation enthusiasts in Florence

• Aperitif for entrepreneurs and innovation enthusiasts in Rome

• 14° Ai Salon Torino

• BSUP - Fare startup ai tempi dell’AI

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• ISAAC, a solution to improve earthquake resilience for buildings, 🇮🇹raised €14m in a Growth round from CDP Venture Capital, 360 Capital Partners, Axon Partners Group, Gruppo Azimut, Ring Capital, and NovaCapital.

• Techvisory, an AI advisory and product startup, raised €2.5m in a Early-stage round from institutional investors.

• Qura, an health management startup, raised €1.5m in a Pre-seed round from United Ventures, Vento, and Italian Angels for Growth (IAG).

• Flowy, a data startup for mobility,🇮🇹raised €1m in a seed round from CrossConnect, Business Angels and Maggioli Group.

• Roboze, a smart manufacturing startup, raised an undisclosed amount in a Growth round from Rule 1 Ventures, Privcorp Ventures, Heather Podesta, Gary Ang, Tholus Capital, Ferrari Family Office, Federico Faggin, and Rialto Venture Capital.

• Rent2Cash, a cash advance startup for home owners, raised €100m in a debt and equity round from International investment fund with expertise in structured finance and real estate-linked operations.

The Money - Italians abroad💰🌎

• Eight Sleep raised a Growth round from Tether Investments at a €1.5b valuation.

New Funds

• Atempo Growth 🇮🇹raised €455m for its venture debt fund.

M&A 🥩

• Onetag acquired Aryel.

Reading this week📚

• Francesco Simoneschi (CEO, TrueLayer) interviewed on Tech.eu podcast | Tech.eu

• Female Innovation Index 2026 | Female Foundry.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Sinergy Flow, an energy-tech startup, raised €7m in a Late-stage round from CDP Venture Capital, 360 Capital, Tech4Planet, and Exergon.

• AutoConnexa, an insuretech startup, raised €4.4m in a Early-stage round from CDP Venture Capital, Crédit Agricole, Club degli Investitori, Lumen II, MBSpeedUp, ITAS Mutua, and Doorway.

• Quido, an AI startup for finance, 🇮🇹raised €1.6m in a Seed round from Vertis sgr, Frontech, SevenData, and Edrom.

The Money - Italians abroad💰🌎

• Proxima Fusion raised €400m in a Growth round from Bavaria, RWE, IPP (Max Planck Institute for Plasma Physics).

• Axelera AI raised €250m in a Growth round from Innovation Industries, BlackRock, SiteGround Capital, Bitfury, CDP Venture Capital, European Innovation Council Fund, and others.

• YOU(th) Health Tech raised €4.5m in a Early-stage round from Callisto Health, caesar., adesso Ventures, Antler, Moonstone, 1024 Ventures, and others.

M&A 🥩

• Var Group acquired Innotech.

Reading this week📚

• Adaptronics and Fluid Wire Robotics each 🇮🇹received a €2.5m grant from the EIC Accelerator.

• Agentic AI Is a Massive Opportunity for B2B Software.

• 🇮🇹The Swiss opportunity for Italian food-tech startups | IndustriaItaliana.

Tech Transfer Academy - Powered by ITA

Starting March 11, Italian Tech Alliance launches the first edition of the Tech Transfer Academy: a program designed to bridge the gap between research and the market by providing a roadmap to transform discoveries into enterprises and fostering dialogue among key ecosystem players.The program includes 6 sessions (Wednesdays, 12:00–14:00 CET): 4 online and 2 hybrid (in-person in Milan + streaming) for the Opening and Closing. The journey concludes on April 29 with an exclusive site visit to the Human Technopole Foundation in Milan (limited seats, registration required).Apply by March 6 EOD. You can find all the details, download the full program, and submit your application here.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Operations Assistant (Internship) at TennisTalker

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

• Italian Tech Week 🇮🇹becomes Wave by Vento.

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money 💰

• Contents, a mar-tech startup, 🇮🇹raised €7m in a Series B round from Qatar Development Bank, and Alkemia Capital.

• NANDO, an AI waste monitoring startup, raised €3.3m in a Growth round from Maia Ventures, CDP Venture Capital SGR, Fondo Piemonte Next, Club degli Investitori, LA4G, and EMBA Capital Partners.

• Kampaay, a corporate events startup, 🇮🇹raised €2m in a Series A round from CDP Venture Capital, Kairos Partners, and Doorway.

• K3RX, a new materials startup, raised €1.65m in a Seed round from Deep Ocean Capital and RoboIT.

• GenoGra, a genomic analysis startup, raised €1m in a Pre-seed round from Maia Ventures (Praesidium SA) PM Holding, and Terra Next.

• Intuos, an AI-IoT software platform, raised €720k in a Seed round from Argo, Techstars, Ventive, and business angels.

• Xference.ai, an inference-as-a-service platform, 🇮🇹raised €700k in a Pre-seed round from Bastiano Sanna, Niccolò Perra, and other business angels.

M&A 🥩

• eBay to acquire Depop from Etsy.

Reading this week📚

• FT ranking: Europe’s leading start-up hubs 2026 | FT.

• AI: The Wrong Kind of Bubble | Sameer Singh.

• The Due Diligence Playbook: What VCs Actually Analyse Before They Invest | Chris Tottman.

Tech Transfer Academy - Powered by ITA

Starting March 11, Italian Tech Alliance launches the first edition of the Tech Transfer Academy: a program designed to bridge the gap between research and the market by providing a roadmap to transform discoveries into enterprises and fostering dialogue among key ecosystem players.The program includes 6 sessions (Wednesdays, 12:00–14:00 CET): 4 online and 2 hybrid (in-person in Milan + streaming) for the Opening and Closing. The journey concludes on April 29 with an exclusive site visit to the Human Technopole Foundation in Milan (limited seats, registration required).Apply by March 6 EOD. You can find all the details, download the full program, and submit your application here.

Jobs in Italian Startups🌟

If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!

New this week:

• Founder’s Associate - Operations at MicroSignals, Inc.

Startup Events in Italy🎪

Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.

New this week:

• Silicon Drinkabout Italy a Roma: networking event

• Scaleup Summit Turin 2026

• 13° Ai Salon Torino in OGR Torino

• 2nd Milan Hardware Meetup

Fundraising Tracker 📈

Ending Notes📝

Don’t forget to check out the TWIS dashboard for the latest updates.

If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

N.