The week in Italian startups - Issue #107
The week in Italian startups - Issue #107
The Money
Kryptomon, a Netherlands-based blockchain gaming startup founded by Umberto Canessa, raised $10m from NFX.
Buddyfit, a home-fitness startup, 🇮🇹raised €10m in a round led by Azimut Digitech, Gellify, and various family offices and business angels.
Tulips, an e-groceries market based on dark stores, 🇮🇹raised €3m in the first week of its crowdfunding campaign. I usually do not cover crowdfunding, but this round is worth talking about because of its size and because it comes soon after Gorillas announced cutting its presence in Italy.
Glickon, an HR-tech startup, 🇮🇹raised €3m from Sinergia Venture Fund.
Reiwa Engine, a robotics startup that developed a tool to clean solar panels, 🇮🇹raised €2m from Cysero.
Awhy, a virtual assistant startup, 🇮🇹raised €200k from NetResults.
Exor Seeds and Sequoia Capital led a $25m round in Upway, a refurbished electric bike startup.
M&A
Bemyeye acquired Milan-based Metaliquid.
Nexi announced the acquisition of BPER and Banco di Sardegna's POS management services for €318m.
Reading this week
🇮🇹Research from P101 and Bebeez shows how Italian-related startups raised 5.1 Bn between 2016 and 2021. Almost half of it was raised from foreign-based companies.
Tiger Global's troublesome May in public and private markets.
Bitpanda registers as Virtual Asset Services Provider with the Organismo Agenti e Mediatori (OAM).
VC threatened social media war against startup after faking investment deal.
Setting the stage for success at seed-stage board meetings.
Fundraising tracker
Every week, I am posting a fundraising tracker based on the news I publish.
Recent job positions from XJobs
Feat Food is looking for a Product developer
Macai is looking for a Senior CRM Manager
IoAgri is looking for a Graphic Designer
Soplaya is looking for a Sviluppatore Backend
Feat Food is looking for a Frontend Developer
About XJobs:
The XJobs platform is a free portal listing open job positions from the Italian startup ecosystem, managed by CDP Venture Capital. If you desire, you can apply for free and have your job positions posted on the platform by following this link.
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.