The week in Italian startups - Issue #4
The Money
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!
Stay safe,
Farewell,
N.