The week in Italian startups - Issue #129

The Money

• Zerinth, an industrial IoT startup, raised €5.3m in a round led by United Ventures.

• Synergy Flow, an energy transition startup, 🇮🇹raised €1.8m in a seed round led by 360 Capital.

• DDC, a biotech startup, 🇮🇹raised €1.5m in a round led by Utopia Sis.

• Medicud, a health-tech startup, 🇮🇹raised €500k from Innova Venture.

• FidoRent, a proptech startup, 🇮🇹raised €400k from Exor Ventures and other investors.

M&A

• Bending Spoons acquired Evernote. 🤯🔥

• Neosperience 🇮🇹acquired a controlling stake in Revoo, a wellness startup, for an undisclosed amount.

• Stellantis acquired AIMotive, an autonomous driving startup.

New Funds

• Stefano Bernardi launched Unruly Capital, an €18m climate and deeptech fund.

• CDP 🇮🇹announced PiemonteNext, a co-investment fund focused on startups from the Piedmont region.

• Michele Padovani 🇮🇹launched Bonsai Ventures, a ~12m pre-seed investment holding.

Italy in the press

• Milan's new innovation era.

• What's cooking in Italian tech?

More reading this week

• Balderton's Founders guide to B2B sales.

• A 🇮🇹report on the performance of startups that raised equity crowdfunding, by Italian Tech Alliance and Bizplace.

• Enel plans to build a massive solar panel factory in the USA (paywall).

• 🇮🇹All the startup accelerators launched by CDP to date.

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.