The week in Italian startups - Issue #115

The Money

• Gyala, a cybersecurity startup, 🇮🇹raised €5m in a round led by CDP Venture Capital (with the Evolution fund).

• Macingo, a shipping marketplace, 🇮🇹raised €2.1m in a round led by CDP Venture Capital (with Fondo Sud).

• IAG invested $350k in Connectly, a Delaware-based conversational commerce startup.

• TPG completed a "significant investment" in MusixMatch, a music data platform.

M&A

• Caffeina, a digital media company, 🇮🇹acquired Nois3, a service & experience design company.

New funds

• The Italian government announced a new space tech fund, managed by CDP Venture Capital, to be called Italia Space Venture, with a target raise of €250m.

Reading this week

• An 🇮🇹interview with Simone di Somma, founder of AskData (sold to SAP - see last week's issue).

• An 🇮🇹interview with Andrea Orlando (Startup Wise Guys), observing a lack of seed capital in Italy.

Fundraising tracker

Every week, I publish a fundraising tracker based on the news I share. 

Q2 2022 in Italian Startups

We are back with a special edition of our podcast, featuring Ubaldo Mafrici and Matteo Moscarelli, discussing the second quarter in Italian startups. Follow the link below to watch the youtube video!

Recent job positions from XJobs

• Inreception is looking for a Sales Manager and a Front end Developer | Back end developer

• 2hire is looking for a Product Manager and an Executive Assistant

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

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.