The week in Italian startups - Issue #4
Filo, a startup developing products to track things, raised 2.5M in equity and debt. Filo recently launched a perfectly timed product to detect the presence of children in car seats (and raise an alarm if the parent leaves the car without the child).
Codemotion, a European-wide community & education platform for software developers, raises a 6M series A round from P101 and existing investors.
Neosurance, a B2B insuretech startup, raised 1.1M from a syndicate of angels and corporate investors.
Despite the complete stop in the travel and tourism market, Nausdream, a provider of local sea-side experiences, managed to go in overfunding in its crowdfunding campaign.
Cisco announced the intent to acquire Fluidmesh Networks, a NY and Italy-based data backbone provider.
CRIF, a provider of credit and digital services to the banking sector heaquartered in Bologna, acquired Strands Inc, a digital banking services provider.
EIF has launched ESCALAR, a fund-of-funds program to double down on investments in European scale-ups. The program will be able to commit up to 100M into each single VC fund. An important boost to the EU ecosystem.
In other news
A crowdsourced spreadsheet is keeping track of the state of European VC in the COVID-19 crisis.
A virtual currency to support restaurants, RistoCoin, has been proposed by by two Italian entrepreneurs - the idea is to provide some cashflow to restaurants by selling meal coupons.
If you are into AI, Azeem Azhar (founder of the Exponential View) has published AI Currents a report on the most interesting AI research going on.
It's for this week. If you want to refer some news or get in touch with me, just hit reply!