The Money

• Faba, a smart toys startup, 🇮🇹 raised €3.7m from Oltre Impact and CDP VC.

• Barberino's, a barbershop chain, 🇮🇹raised €3m from CDP VC and business angels.

• Medea, a telemedicine startup, raised €2.5m from Oltre Impact.

• Subphoton, a photonics startup, 🇮🇹raised €750k from LIFTT. LIFTT also invested €250k in Careglance, an Optical Coherence Tomography startup.

• MyAEDES, a proptech startup, 🇮🇹raised €585k from CDP VC, LVenture, and business angels.

• E-Plato, a natural language processing startup, 🇮🇹raised €200k from S2Capital.

M&A

• Filoblu, a business accelerator,🇮🇹acquired Diana Corp.

New Funds

• CDP VC 🇮🇹launched Large Ventures, a later-stage VC fund with an initial raise of €150m and a final closing goal of €700m.

Reading this week

• McKinsey on how to build a unicorn.

• The State of AI report.

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.