The Money

• Faire, a fintech startup, raised €3m from a syndicate of investors.

• QodeUp, a payment platform for restaurants, raised €2.5m from The Techshop.

• Materia Medica Processing, a medical cannabis startup, 🇮🇹raised €2.2m from Kairos Ventures ESG One and Merida Capital Holdings.

• Salimbeni Profumi, a "home fragrances" online brand, 🇮🇹raised €1.4m in a round participated by LA4G.

• Mugo, a climate-tech startup, 🇮🇹raised €300k from Market3rs.

• Crowd2be, a real estate crowdfunding platform, 🇮🇹raised an undisclosed amount from Key Capital.

• Torcha, a social news startup, 🇮🇹raised an undisclosed amount from undisclosed investors.

• Blacksheep Ventures invested €2m in Roibox, a Latvia-based geospatial advertising platform.

M&A

• Soisy, a BNPL platform, was 🇮🇹acquired by Compass for an undisclosed amount.

• Tulips, a food grocery startup, 🇮🇹acquired Floema.

Reading this week

• Spotify 🇮🇹inaugurated its Milan office, a hub for its operations in Southern and Eastern Europe.

Fundraising tracker

The fundraising tracker is updated weekly based on the news published in this newsletter. 

Ending Notes

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,

N.