The Money

• T-One Therapeutics, a life sciences startup, 🇮🇹raised €2.5m from Utopia Sis.

• Eligo, a Made in Italy marketplace, 🇮🇹raised €2.1m and acquired two brands.

• Flytrendy, an influencer marketing startup, 🇮🇹raised €300k in a round led by CDP.

M&A

• Teamsystem is issuing a new €185m bond and will use a portion of the proceeds to finance new acquisitions.

• SBG Humangest 🇮🇹acquired Employerland for an undisclosed amount.

• VedrAI and Altea Federation 🇮🇹launched a joint venture on data intelligence.

The literal map of Italian VCs

• A curated google map shows where Italian investors are based.

The State of European Tech 2022

It's again that time of the year: 😎

The State of European Tech report is coming back for 2022, and it’s been a turbulent year for Europe’s tech ecosystem. We would like to hear from you in order to tell this real story. 

I am once again supporting Atomico to bring you their State of European Tech survey, so that your perspective can be represented in one of the most definitive datasets in European tech.

I am proud to endorse the survey and its goal of reflecting the experiences of every part of the tech community. To have your voice heard, fill in the survey now. 

It only takes 5-7 minutes, and participants have a chance of winning a range of prizes, including VIP, invitation only tickets to the report launch at BAFTA.

Reading this week

• The State of Web3 in 2022, by Tom Tunguz.

• Italy ranked 4th in the European Cybersecurity Challenge.

• Ten years ago, the Italian government created a special registry for "innovative startups" alongside a set of rules for companies entering it. 🇮🇹Here are a few charts showing the current status of the registry.

• Enel launched a new Innovation Lab in Tel Aviv for AI and robotics in renewables and power grids.

• The 🇮🇹current state of the Italian insuretech market.

Jobs this week

This week I have a few job positions to share from our portfolio (and friends):

• Backend Python Developer @ Genie

• Solution Specialist / Communication Specialist / Full Stack developer (Java + Angular) @ Servitly

• Business Developer (SaaS) @ Wordlift

• Operations Manager @ Pharmaprime.

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.