The week in Italian startups - Issue #118

The Money

• Netfintech, a fintech startup, 🇮🇹raised €1.7m from We Holding and Banca Valsabbina.

• Impossbl, a "next-gen production company", raised $1.13m in a pre-seed round by business angels and Exor.

• Ibanway, a fintech startup, 🇮🇹raised €130k.

• DBridge, a digital services platform, 🇮🇹raised an undisclosed amount from Gellify and Azimut Digitech Fund.

• Exor invested $10m in Ultraviolette, an Indian electric motorcycle startup.

M&A and exits

• Oltre Venture 🇮🇹sold its stake in Centro Medico Santagostino.

• Events.com acquired Evensi for an undisclosed amount.

• Mutuionline acquired a French and a British competitor, in a cash transaction worth €150m.

• Maticmind acquired 51% of Cloudtec, in its fifth acquisition in 2022.

Reading this week

• SaaS spend ratios on R&D/S&M/G&A.

• Battery's Cloud Quarterly.

• 🇮🇹Why Artemis' launch is relevant for startups.

Fundraising tracker

Every week, I update my fundraising tracker based on the news I publish. 

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.