The week in Italian startups - Issue #127

The Money

• Serenis extended the round announced in June, 🇮🇹raising an additional €2.7m from Angelini Ventures, Azimut, and Invictus Capital.

• A-World, a climate-tech startup, 🇮🇹raised €2m in a bridge round. Investors include Telefonica, CDP VC, IAG, and others.

• WeShort, a short-movies streaming service, 🇮🇹raised €1m from Minerva Pictures.

• Irreo, an agri-tech startup, 🇮🇹raised €850k from Primo Space, Digital Magics, and Lazio Innova.

• Condeo, a proptech startup, 🇮🇹raised €700k from Svicom and Edison.

• Demetra Holding 🇮🇹invested an undisclosed amount in Authentico, a food/blockchain startup.

M&A and other news

• FoolFarm, a venture studio, 🇮🇹raised €3.5m.

• Less than 9 months after its acquisition, Cazoo sold Brumbrum to Stellantis for an unknown amount.

Reading this week

• Scientifica VC 🇮🇹pays one year of sabbatical leave to up to 5 students or researchers who want to launch a startup.

• Azimut 🇮🇹invested €50m in Fastway, a project to develop and deploy EV charging columns. I am not sure whether this counts as an investment in a startup 😅.

Fundraising tracker

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

October was a bit of a dull month.

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.