The week in Italian startups - Issue #92
The Money
Giffoni Innovation Hub 🇮🇹raised €2m from CDP Venture Capital, OPES, and Sefea Impact SGR.
Intesa San Paolo invested £40m in Thought Machine, a British startup developing a new core banking solution.
Fundraising
LIFTT, a deep-tech investment holding, 🇮🇹raised €12m from Azimut.
Startup Bakery, a startup studio, 🇮🇹raised €1.95m.
Magic Spectrum, an IoT and 5G startup accelerator, raised €3m from CDP VC.
CDP VC also invested €3.8m in Terra Next, an agri-food / sustainable economy accelerator. Banca Intesa contributed an additional €1.3m to the program.
M&A
MDOTM acqui-hired part of the Mercurius team.
Reading this week
Pietro Bezza on SaaS metrics for Series A readiness.
Casey Rovinelli on getting on VC's radar.
Fundraising tracker
Every week, I'm posting a fundraising tracker based on the news I publish.
Ending Notes
Join the conversation between Giacomo Mollo and myself commenting on the latest news, every Monday at 6:30 pm CET (follow us on Twitter for a live reminder and the link: Nico / Jack). If you miss the live discussion, you can subscribe to our podcast on Spotify, Apple Podcast, and other podcast platforms.
Have a great week,
N.