The week in Italian startups - Issue #79
The Money
Viceversa, a revenue-based financing startup based in Milan, raised €3m in equity and €20m in debt. Investors include Fasanara Capital, Fabrick (Sella Group), and a group of business angels.
Sibill, a cash flow management startup, 🇮🇹 raised €500k from a Danish venture builder (Founders) and a group of business angels.
Emotiva, a real-time emotion recognition startup, raised €610k in a round led by LVenture.
M&A
Namirial, a company offering digital trust and related software services, acquired Netheos, a French startup developing digital onboarding software, for an undisclosed amount. Namirial is a "platform company" owned by Ambienta SGR, an asset manager.
Gada Group, a medical devices distributor, acquired Evoluzione, another specialist distributor on the Italian market.
Amilon, a gift cards distributor owned by Zucchetti, acquired Amazing, the company behind Spiiky, a digital cashback wallet.
IBM acquired ReaQTa, a Netherlands-based endpoint security company founded by 🇮🇹Alberto Pelliccione.
Reading (and listening) this week
IAG, one of the biggest angel clubs in Italy, released its IAG index, based on the deals analyzed in the past 12 months by the club. Focus on fintech, ESG, and the increasing presence of women in the founding teams ✌🏻.
CDP Venture Capital released “Let's Venture”, a collection of 7 brief podcasts introducing venture capital & startup concepts (🇮🇹 here's the link to Spotify).
Giuseppe Donvito from P101 🇮🇹 authored an article calling for more Series B and beyond (>10m) investors in Italy.
Azimut
In this newsletter, we have two special guests that are never left out. One is CDP Venture Capital, the other is Azimut.
This time, Azimut announced a €35m investment in Harmonic Innovation Hub, an innovation hub that aims to be the largest in Southern Italy.
Ending Notes
** JOB ALERT **: Primo Ventures is looking for an investment manager for our digital funds. If you are obsessed with startups, have a strong vision about the future of digital, have provable experience in negotiating and closing deals, and really want to work with me and the rest of the team, then we want to talk with you.✌🏻😀
Join the Clubhouse conversation between Giacomo Mollo and myself, commenting on the latest news, (usually) on 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.