The week in Italian startups - Issue #58

May 31, 2021

Commerce Layer, a headless eCommerce startup, raised $16m in a Series B round from Coatue and existing investors.
Primo Space Fund (Primo Ventures) joined the €3m round raised by Spanish startup Pangea Aerospace.
TimeFlow, a B2B marketplace for consultants, 🇮🇹raised €325k from a group of angels.
CRIF invested an undisclosed amount in Fido, a digital credit and risk scoring startup.
Allelica, a disease risk assessment startup, raised $1.75m from a group of investors including Pi Campus.
Deep Tier, a fintech startup dedicated to supply-chain financing, raised a round from Gellify and Azimut Digitech.
HARG ("Health Aging Research Group"), a health-tech startup, 🇮🇹 raised €2.7m from a syndicate of investors led by Gruppo Brixia and AImpact.
Banca Valsabbina 🇮🇹acquired a 9.8% stake in Cardo AI, an AI-driven private debt management startup.
Aortic Lab 🇮🇹announced €1.4m in funding from existing investors and the successful application of its technology to the first three patients.

CDP

Cassa Depositi e Prestiti, the Italian state bank, has a new head, Dario Scannapieco.
CDP Venture Capital announced a €40m investment in the creation of RoboIT, a tech transfer park specialized in robotics. The project involves a network of universities (Università di Napoli Federico II, Università degli Studi di Verona, and Scuola Superiore Sant'Anna di Pisa), the IIT, Leonardo SpA, and investors such as Pariter Partners, Cysero EuVeca, and Eureka! Ventures.

Riello Investimenti Partners Sgr, a private equity investor, announced Linfa Ventures, an agrifood venture capital fund with a target size of €80m.
Banca Sella Holding 🇮🇹 announced a €3m investment program in up to 60 startups through dpixel, its incubation arm.

Facile.it, the Italian leading insurance comparator, acquired MiaCar, a marketplace for new and zero-km cars. Price undisclosed.
Irish fintech CleverCards announced the acquisition of ExpendiaSmart (EdenRed's enterprise expense management solution) and EdenRed Italia Fin.

Have you ever dreamed of a crowdsourced database of VC investors, with filters based on sector/ticket/geography, etc..? Here's the web app you wanted.

An interview with Erika De Santi, co-founder and managing director at WeRoad, a travel startup.

You can explore 🔍 open positions here. Feel free to share the link with your contacts.
You are welcome to add new open positions using this form 📥 . Or, forward the link 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! 🙏🏻

The ENEA Tech drama that I spoke about in the last issue 🇮🇹unfolded during the week, as the proposal to pivot the foundation into investing in vaccine research was confirmed by the government. The official website already has a new "change in progress" landing page. Another proof of the inconsistency of our government that I would like not to witness anymore.

Have a great week, and keep pushing!