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The week in Italian startups - Issue #70
Heroes, a London and Berlin-based startup acquiring and scaling Amazon-based brands, raised $200m. The startup was founded by Riccardo, Alessio, and Giancarlo Bruni, three brothers of Italian origin. Incidentally, on the very same day, another London-based startup with the same business model, Olsam, announced a $165m round.🚀🤯
Newcleo, a London-based newly founded nuclear energy company, announced a $118m funding round and the acquisition of Hydromine Nuclear Energy S.à r.l. The company, founded by Stefano Buono, will open its research center in Turin. Investors include Exor, LIFFT, and Club degli Investitori.
German company Remira acquired Kyklos Group, a company specializing in SCM software for the fashion and luxury goods industry. Remira is a company in the portfolio of PE firm Evalston, and Kyklos is the third company acquired so far in 2021.
Lawyers diversifying into venture capital
Lawyers and general counsels are a fundamental part of venture capital, being the ones in charge of setting up investment documents, supporting deal negotiations, and closing transactions.
Being on the front line means learning something about the startup market and its opportunities.
Hence, I am not surprised that partners at law firm LCA set up an investment vehicle, LCA Ventures, to invest in startups. They are not the first in the world, but one of the first in Italy (AFAIK!).
A selection of positions published last week on XJobs
Bionit Labs is looking for a Mechanical Testing Engineer
MMI is looking for a Quality Technician
D-Orbit is looking for a Product Assurance Specialist
Shopfully is looking for a Junior Android Developer
Credimi is looking for a Data Scientist
The XJobs platform is a free portal listing open job positions from the Italian startup ecosystem, managed by CDP Venture Capital. If you desire, you can apply for free and have your job positions posted on the platform by following this link.
My old job Airtable is still online: you can explore the latest open positions here.
Join the Clubhouse conversation between Giacomo Mollo and myself, commenting on the news every Monday at 6:30 pm CEST. In case you miss the live discussion, you can subscribe to the podcast on Spotify (and other podcast platforms).
Have a great week!