The Money

• Bridge, a logistics startup, 🇮🇹raised €1.5m from Azimut, Gellify, and Exor Seeds.

• Switcho, a tariffs comparison startup, 🇮🇹raised €1m from CDP VC, Azimut, and others.

• PhotonPath raised an undisclosed amount of capital from Brembo Ventures.

• Primo Space Fund participated in an undisclosed seed round raised by Ch AI, a UK-based startup.

New funds

• Neva SGR 🇮🇹launched SEI – Sviluppo Ecosistemi di Innovazione, a fund of funds aimed at investing in accelerators, startup studios, and holding companies focused on the Italian ecosystem. The initial capital available is €15m, all provided by Banca Intesa.

• Angelini launched Angelini Ventures, its VC arm with €300m under management, with a focus on digital health.

• Brembo announced Brembo Ventures, its VC arm focused on mobility and the automotive sector.

• Founders Factory, a startup builder, announced a startup hub in Italy.

• IAG announced Eden Venture, its new pre-seed program, that will invest 100k in 25 startups in the next two years.

M&A

• Wavision was acquired by Antares Vision Group.

Reading this week

• A 🇮🇹profile of Cubbit.

• The state of the US Early-Stage VC in Q3 2022 (from Angellist).

• 11 Italian startups to watch, according to VCs

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.