The week in Italian startups - Issue #122
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.
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
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.
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.