The Week in Italian Startups

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The week in Italian startups - Issue #122

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The week in Italian startups - Issue #122

Niccolò Sanarico
Oct 3, 2022
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The week in Italian startups - Issue #122

dealflowit.niccolosanarico.com

The Money

  • 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.

  • Soundive, an applied AI startup, 🇮🇹raised €350k.

  • 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.

M&A

  • DMO Pet Care 🇮🇹acquired a majority stake in Bauzaar.

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.

Fundraising tracker

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

Record tick upwards
Record tick upwards

Ending Notes

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,

N.

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The week in Italian startups - Issue #122

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