The Week in Italian Startups

Share this post

The week in Italian startups - Issue #103

dealflowit.niccolosanarico.com

The week in Italian startups - Issue #103

Niccolò Sanarico
May 9, 2022
Share this post

The week in Italian startups - Issue #103

dealflowit.niccolosanarico.com

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.

Share this post

The week in Italian startups - Issue #103

dealflowit.niccolosanarico.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Niccolò Sanarico
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing