The week in Italian startups - Issue #52
The Money
Keyless, a London and Rome-based biometric authentication startup, announced a $3m investment from existing investors (including P101 and Primomiglio). The company also announced partnerships with leading IAM vendors.
US-based Multiply Labs, a robotics company developing automated manufacturing systems for the production of individualized drugs, raised $20m in a series A round participated by Casdin Capital, Lux Capital, Pathfinder, and others. Multiply Labs, a former YC alumnus, was founded by Federico Parietti and Alice Melocchi.
Greenbone Ortho, a medtech startup developing innovative bone regeneration technologies, raised €10m in a Series B round from existing investors, including 3B Future Health Fund, Innogest, Meta Group, IAG, and others.
Babaco, a Milan-based e-groceries startup offering "ugly but good" products, 🇮🇹is closing a €2m round from a syndicate of angels.
Smartpricing, a startup offering revenue-management software to the hospitality sector, 🇮🇹 raised €1m in an equity and debt round led by Trentino Sviluppo.
INTA Systems, a biotech startup developing a lab-on-chip specific for brain injuries, 🇮🇹 raised €350k from Eureka! and A11 Ventures.
Wall Street Football, a sport-tech / fintech startup,🇮🇹 raised €540k in an angel round.
M&A
Not exactly startup news, but still remarkable: DiaSorin [DIA.MI] is acquiring Luminex Corporation [LMNX] for approximately USD 1.8 Billion.
RGI Group, an Ivrea-based digital transformation company for the insurance sector, acquired Flexperto, a German software provider for digital B2C communication and collaboration. Price undisclosed.
Zucchetti 🇮🇹 acquired a controlling stake in Beaconforce, a workforce feedback & analysis startup.
IBM announced the acquisition of MyInvenio, a process mining software company based in Reggio Emilia. Price undisclosed.
European VC had its greatest quarter ever
Good news for European VC: European startups raised the highest capital ever during Q1 2021. According to the article about Q1 in Italy from last week, our country kept pace with the rest of the EU.
Jobs in Italian startups
You can explore 🔍 open positions here: we had a few additions since last week.
Ending notes
Last week I announced my fatherhood, and my inbox has been literally flooded by love messages. Thank you all. Sleep deprivation is still under control, in case you are wondering. But, let me say it, mum is the real superhero. 😎
Have a great week!
N.
