The week in Italian startups - Issue #123
Sibylla Biotech raised €23m in a round led by V-Bio Venture and participated by several investors including Seroba Life Sciences, 3B Future Health Fund, Claris Ventures, CDP Venture Capital with Evolution Fund, VI Partners, Indaco Venture Partners, Vertis SGR.
Axyon AI, the developer of an AI-for-investment service, raised €1.6m in a round led by CDP VC and participated by ING, Unicredit, and others.
AvvocatoFlash, a legaltech startup, 🇮🇹raised €594k in a round led by CDP VC and participated by business angels.
Green Future Project, a climate tech startup, 🇮🇹raised €525k in a round led by Green Arrow Capital, Growth Engine, and Kagu Capital.
Roundabout, an influencer marketing startup, 🇮🇹raised €300k from Startup Wise Guys, Pinto Ventures AG, and business angels.
Ferrarelle Group, one of the leading makers of soft drinks in Italy, 🇮🇹acquired a minority stake in Sanidrink, a material tech startup.
Wall Street Football 🇮🇹invested an undisclosed amount in Chiamarsi Bomber, a football community.
M&A and other strategic moves
CDP Group is the first state bank to 🇮🇹subscribe to the InvestEU program. It will enable the group to tap into €520m of fresh resources to develop the Italian venture capital market.
Casavo is entering the French market after acquiring a local competitor, Proprioo.
Marchesini Group acquired Sea Vision Group, an AI-for-vision startup.
Reading this week
A 🇮🇹recap of what happened last week in Italy (see the last issue). I forgot to mention the Laurea honoris causa in Innovation and International management received by Tim Cook from the Università di Napoli Federico II.
The fundraising tracker is updated weekly based on the news published in this newsletter.
Giacomo Mollo and I comment on the latest news every week: subscribe to our podcast on Spotify, Apple Podcast, and other platforms to get additional insights on what is happening in the Italian ecosystem.
Have a great week,