The week in Italian startups - Issue #122
Satispay, an independent payments network, raised €320m🤩 at a +1Bn valuation in a round led by Addition, with participation from Greyhound Capital, Coatue, Lightrock, Block Inc., Mediolanum Gestione Fondi, and others.
Bending Spoons, a mobile app developer, raised $340m🤯 🇮🇹in debt ($300m) and equity ($40m) from several international investors and leading Italian banks.
Mediterranea, a healthy food startup, 🇮🇹raised €1m in a pre-seed round.
Italian Angels for Growth invested in Nanoligent, a Spanish biotech startup, participating in a €2.8m round.
CDP Boost innovation, PUNCH, and MIMETE 🇮🇹entered into a joint venture named MadeInAdd, an additive manufacturing platform. According to the press release, the three are investing €19.4m.
Reading this week
What 21 investors have to say about investing in Italian startups.
Mauro Ferrari is the 🇮🇹Business Angel of the year.
Borsa Italiana (the Italian stock exchange) released a set of rules to simplify the IPO process.
Google Ventures shelved its algorithm.
The European Commission hired an external fund manager to run its trudging EIC equity fund.
Every week I update my fundraising tracker based on the news I publish.
Last week we had two main startup events in Italy (TechChill Milano and the Italian Tech Week). I only visited TechChill, but I must confess that I missed the positive vibes of international, in-person events. Stay tuned as Giacomo and I will release some special episodes directly from the field!
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,