The Money

• Turin-based Kither Biotech raised €18.5m from a syndicate including Claris Ventures, 2 Invest, 3B Future Health Fund, Alef 6, and existing investors.

• Flyingbasket, a drone development & operations startup, raised an undisclosed Series A from Cysero.

• Ogyre, a "fishing for litter" impact startup, 🇮🇹raised €500k in a mix of crowdfunding and angel investors.

• P101 🇮🇹led a €2m investment in CivitFun Hospitality, a Tenerife-based check-in automation service.

New funds

• Stellantis announced a €300m venture capital fund, Stellantis Ventures, aimed at startups developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector.

• Eureka! Fund I 🇮🇹announced Eureka TT, a tech transfer vehicle focused on supporting proof-of-concept projects. Eureka TT also announced its first three investments, for a total of €800k: T-Rem3die, Active Labels, PerovSKY.

• FoolFarm 🇮🇹announced FoolCapital, an investment holding aiming to raise €25m.

Reading this week

• A report on the Italian investor visa program.

• Sezamo, an e-grocer from the Czech Republic with a promise of <3h delivery, is 🇮🇹opening in Italy.

• Ugly Duck 2021 is out. Top quartile funds that raised funding from EIF have a +25% IRR.🤯😎

• Viva Technology published its Next Unicorn Awards list: Bending Spoons and MusixMatch from Italy made it to the list.

Fundraising tracker

Every week, I am 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 7:00 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.