The Money

• Credem, a bank that recently launched a corporate VC program, invested in Seattle-based fintech startup Noonum.

• 3DNextech, a startup developing 3D printing solutions, 🇮🇹raised €750k in a round led by CDP Venture Capital.

• Swiss startup Sonect, the developer of a fintech app, raised €4.65m in a round led by IAG and completed on crowdfunding platform Doorway.

M&A

• Atida 🇮🇹acquired efarma.com, an online pharmacy e-commerce founded in 2011.

Technology transfer

• Claudia Pingue, the head of the €275m Technology Transfer fund managed by CDP Venture Capital, 🇮🇹explained in an interview the investment strategy of the fund.

Azimut moves East

• Azimut and Gellify announced the launch of a new fund focused on the Middle East and North Africa (MENA). The fund will target B2B startups and has a $50m target size.

Data Centers

Castello SGR is an investment company specialized in real estate (and with an 82% stake owned by Oaktree Capital). It just sold a greenfield located on the outskirts of Milan to an unspecified American buyer.

The interesting news is that the buyer is going to build a 60.000 sq.m. datacenter in the area, apparently one of the biggest in Europe.

Ending Notes

Join the Clubhouse conversation between Giacomo Mollo and myself, commenting on the latest news, Monday at 6:30 pm CEST. If you miss the live discussion, you can subscribe to the podcast on Spotify, Apple Podcast, and other podcast platforms.

Have a great week,

N.