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).
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.
It's for this week. If you want to refer some news or get in touch with me, just hit reply!