The Money

• Artemest, a marketplace for luxury craftwork, raised €15m from IRIS Ventures and Olma Luxury Holdings.

• Poste Italiane, the Italian national post office operator (today a group including banking, insurance, telco, and payment services), invested $27m in Scalapay, topping up the round closed by the startup earlier this year.

• Habacus, a student loan management startup, 🇮🇹raised €1.82m from a syndicate of investors including Liftt.

• Genuine Way, a blockchain-based service to manage the environmental impact of supply chains, 🇮🇹raised €550k from a syndicate of business angels.

• Milano Investment Partners joined the $46m round raised by Vitrolabs, a US-based biotech company.

IPOs

• Yolo, an insuretech startup (disclaimer: it is in Primo Ventures portfolio), is considering an IPO on the Euronext Growth Milan exchange.

New funds

• AVM Gestioni 🇮🇹announced the launch of a new impact fund, with a target fundraise of €50m.

• Kairos Ventures ESG One, a VC fund managed by Kairos, 🇮🇹announced the first closing at €10m. Contextually, the fund announced the investment of an undisclosed amount in Endostart, a med-tech startup.

Reading this week

• It's the end of the seed as we know it.

• The Italian government has approved a €200m public fund to support women-led businesses. 🇮🇹Here is a good overview of how it works.

Fundraising tracker

Every week, I am posting a fundraising tracker for Italian startups, 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.