The week in Italian startups - Issue #103
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
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.