The Money

• Cortilia, an e-groceries startup, 🇮🇹announced a €20m investment from existing investors.

• Energy Dome, an energy storage startup, raised a $11m convertible note from CDP VC and Barclays.

• Servitly, a no-code servitization startup, raised €2.16m in a round led by Primo Ventures.

• UK-based Shop Circle, founded in 2021 by two Italian entrepreneurs, announced the closing of $65m from several investors including NFX and QED.

M&A and other strategic moves

• CGM Italia 🇮🇹acquired Pharmap, a last-mile drugs delivery startup.

• Crowdfundme, a crowdfunding platform, 🇮🇹announced the acquisition of 51% of Trusters in a stock-based transaction.

• Alfonsino, a last mile delivery startup, and Justmary, a cannabis startup, 🇮🇹announced a partnership.

• DGS SpA 🇮🇹acquired cybersecurity and opensource startup SMC Treviso.

• Impatta4Equity, a sustainable investment vehicle inspired by the Laudato si encyclical by Pope Francis, was announced along with its initial two investments, a blockchain platform and an energy community.

• Azimut and Unidata 🇮🇹announced a €51.3m investment in a green and neutral data center.

• Haier Europe 🇮🇹launched an investment plan for European startups (spoiler: 2-4 startups/year, up to €10m each).

• Cereal Docks announced Grey Silo Ventures, a corporate venture capital fund focused on B2B food tech.

Reading this week

• An 🇮🇹article about Gelesis, a US-based biotech company listed on the NYSE, but actually born in Southern Italy.

• A McKinsey article about How Europe’s top tech start-ups get it right.

• Gorillas is 🇮🇹shutting down its Italian operations.

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 Andrea Colombo, CEO and founder of Tulou. Listen to our discussion on co-living. Here is the link to the Youtube version. Yes, the screenshot is not great but trust me, the conversation is quite good 😉