The week in Italian startups - Issue #129
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
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.