The week in Italian startups - Issue #55

The Money

• Startupitalia, an innovation community / new media startup,🇮🇹raised €4m in a round led by CDP Venture Capital, with the participation of Fondazione di Sardegna, P101, and Primo Ventures. Existing shareholders have the option to invest an additional €3.3m into the company.

• I usually don't write much about startups raising crowdfunded capital, but the 🇮🇹 €2.7m round raised by Homepal, a real estate marketplace, at a €19m pre-money, is notable (one of the largest equity crowdfunding campaigns of all time in Italy).

M&A and the rest

• Azimut, a leading Italian asset manager,🇮🇹 acquired 30% of P101 SGR, a VC firm with €200m AUM. Azimut was of the cornerstone investors in P101's initial fund, vintage 2013.

• Open Seed, a pre-seed investor, 🇮🇹 signed a scouting agreement with crowdfunding platform CrowdFundMe. Open Seed itself is raising capital on CrowdFundMe.

Bio-On

I talked about the end of Bio-On back in March. The assets of the biotech company were auctioned on Thursday, for a starting price of €95m. 🇮🇹 The auction went deserted. Minority shareholders announced that they plan to set up a SPAC (appropriately named "Phoenix") and bid in the next auction.

Jobs in Italian startups

• You can explore 🔍 open positions here. Feel free to share the link with your contacts.

• Add new open positions using this form 📥 forward this to your CEO or HR person - the more open positions, the more relevant the list, the more it will travel across the web, the more candidates will see it. Thank you! 🙏🏻

Ending notes

This week was not a particularly exciting one. If I missed any action please let me know. 😉

Have a great week!

N.

Supported by VC Hub Italiia