The week in Italian startups - Issue #80

The Money

• BionIT Labs, the developer of a fully adaptive bionic hand, raised €3.5m in a round led by CDP Venture Capital.

• TOT, a fintech startup, raised €2m in a round led by Banca Sella.

• Deesup, design furniture marketplace, raised €1.4m from LVenture Group, ALICrowd, Club Degli Investitori, Lifegate, and Doorway.

• Neuron Guard, a medtech startup, 🇮🇹 raised €1.2m from CDP Venture Capital and other investors.

• Endurance Group 🇮🇹 raised €500k from Innolva Spa and O2E srl. It also turned into a B-Corp.

• Random Power, a cybersecurity startup, raised €200k from LIFTT.

• Exor Seeds participated in the $15m round raised by Solidus Labs, a cryptocurrency risk-management service.

Liquidity Events

• Genenta, a cancer gene therapy company, filed for an IPO on the NASDAQ.

• Teamsystem announced the acquisition of 60% of Logical Soft, a software house specialized in the real estate and construction market.

• Lutech acquired Infoedge, a system integrator in the finance&insurance markets.

• Datrix acquired Adapex.

• CFE Finance acquired 49% of Techstar srl, a developer of AR/VR solutions for commerce and industry.

New funds and venture builders

• The European Commission launched Cassini, a €1Bn investment program aimed at the space startups ecosystem.

• Gellify 🇮🇹 launched "Venture Box", a copycat venture builder.

• 4Aim SICAF is a listed investment company focused on Italian micro-cap companies listed on the Euronext Growth Italian market. It also runs a fund dedicated to crowdfunding startups and SMEs: it announced the participation in the crowdfunding campaign of RedFish LongTerm Capital, another investment company. Interesting.

• LVenture and Aeroporti di Roma announced the launch of the first "airport incubation program", aimed at startups that can innovate an airport ecosystem.

Investing in Italy

The Financial Times published a special report about Investing in Italy. Not so much about Italian startups, rather about the Italian economy at large.

A selection of positions published last week on XJobs

• Soplaya is looking for a Senior UI/UX

• The Data Appeal Company is looking for a Customer Success Specialist

• Altilia is looking for a Data Engineer

• Tensive is looking for a Research Scientist

• Mygrants is looking for a Data Scientist

About XJobs:

• 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.

Ending Notes

[New experiment! 🤖] Join the Twitter Spaces conversation between Giacomo Mollo and myself commenting on the latest news, Monday at 6:30 pm CEST (follow us for a live reminder: Nico / Jack). 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.