The week in Italian startups - Issue #109
The week in Italian startups - Issue #109
The Money
Young Platform, a crypto exchange, raised €16m in a round led by Azimut and participated by Banca Sella, United Ventures, and Abalone Venture.
Naturbeads, a green tech startup, 🇮🇹raised €1.5m in a round led by Progress Tech Transfer, Eos Advisory, and Proionic GMBH.
IAG participated in a £5.4m round raised by Swoop, a UK-based fintech.
Wopta Assicurazioni, an insuretech company, launched, 🇮🇹announcing a pre-seed 3m round from business angels.
Medics, a "3D modeling for surgery" startup, 🇮🇹raised €2m from Equiter SpA, plus an additional €1m in debt from Intesa.
M&A
Euronext announced the acquisition of the technology businesses from Nexi's capital markets activities, in a €57m full cash transaction. Nexi also sold EDIGard AS to AnaCap Financial Partners.
BOOM, a Milan-based visual content SaaS startup, acquired Berlin-based LemonOne for an undisclosed amount.
Lutech 🇮🇹acquired ARTIS Consulting for an undisclosed amount.
New Funds
360cp announced a new €45m pre-seed and seed, pan-European fund.
Whoops! CDP did it again!
CDP VC 🇮🇹announced a new acceleration program, HabiTech, focused on proptech. CDP partnered up with Digital Magics, MassChallenge, COIMA, Ariston, and Novacapital.
Reading this week
The Italian MarTech 🇮🇹landscape in 2022.
Sequoia made public a set of presentations it initially shared among its portfolio companies earlier in May: adapting to endure.
Fintech startup Soldo 🇮🇹launched a zero-fee plan for Italian startups.
Generali and Telepass teamed-up and launched Next, a connected-car device offering 30 different services.
Fundraising tracker
Every week, I am posting a fundraising tracker based on the news I publish.
Ending Notes
Every week, Giacomo Mollo and I comment on the latest news: subscribe to our podcast on Spotify, Apple Podcast, and other podcast platforms.
The Week in Italian Startups - the Podcast - special edition
Our latest special episode of the podcast features Tommaso Migliore, CEO and founder of MDOTM. Listen to our discussion on AI and the future of finance. Here is the link to the Youtube version.
Have a great week,
N.