The week in Italian startups - Issue #114

The Money

• Casavo, a proptech startup, raised €100m in equity in a Series D led by Exor, and an additional €300m in debt.

• Medical Micro Instruments, a robotic microsurgery startup, raised $75m in a Series B round led by Deerfield Management.

• Unobravo, a therapist platform, raised €17m in a Series A round led by Insight Partners.

• Wallife, a digital risks insuretech startup, raised €12m in a round led by United Ventures.

• BetaGlue Technologies, a life sciences startup, 🇮🇹raised €10m in a round participated by LIFTT, Kairos Partners, NEVA, and others.

• FIDO, a fintech startup, raised €5m in a round led by United Ventures.

• Roomless, a proptech startup, 🇮🇹raised €1.5m from Sensible Capital and Club Degli Investitori.

The Money, international edition

• NEVA SGR 🇮🇹joined the Series B round raised by Cyberint and the Series C round raised by Coro, both Israeli cybersecurity startups.

M&A and other liquidity events

• YOLO, an insuretech startup, 🇮🇹announced its intention to complete an IPO in August, raising between €10m and €15m.

• SAP acquired AskData for an undisclosed amount.

• Simone Marini, CEO and founder at Sailsquare, announced that his startup acquired a minority stake in its French competitor Skippair.com.

• Jakala 🇮🇹acquired a minority stake in the French company Clever Age. It also acquired a Spanish company, Biko.

CDP VC

• The 🇮🇹Energy Tech fund is finally active, with an €80m first closing and a focus on energy transition startups.

• 🇮🇹Welcome to the latest CDP accelerator, Personae, focused on welfare startups. The accelerator has an initial allocation of €6m.

Fundraising tracker

Every week, I publish a fundraising tracker based on the news I share. (Note: I am reviewing the 2022 numbers to only account for equity, quasi-equity, and convertible debt investment rounds).

Spiking up 📈

Ending Notes

Giacomo Mollo and I comment on the latest news every week: subscribe to our podcast on Spotify, Apple Podcast, and other podcast platforms to get additional insights on what is happening in the Italian ecosystem.

Have a great week,

N.