The Money

• 3Bee, a bee-tech startup, 🇮🇹raised €5m in a series A round by AG funder Grow impact fund, Anya Capital, and ESA.

• Ipsa, a startup offering micro-logistic services in the pharmaceuticals sector, 🇮🇹raised €1.38m from Next4 and CDP VC.

• Italian Artisan, a B2B marketplace, 🇮🇹raised €1.3m in a round led by Primo Ventures.

• Eligo, a fashion-tech company, 🇮🇹raised €1m from CDP Venture Capital and Digital Magics.

• Vado, a smart vending machines startup, 🇮🇹raised an undisclosed amount from Sidinvest.

M&A, IPOs, and other liquidity events

• Unipol 🇮🇹acquired Centri Medici Santagostino.

• In-Lire 🇮🇹acquired Umbrex.

• e-Novia went public, raising €4.65m with a valuation at IPO equal to €166.9m

New Funds

• A new vehicle investing blockchain tech: MV1H. No initial allocation is publicly available (AFAIK!).

Reading this week

• A16z's guide to growth metrics

• The Overlooked Key to a Successful Scale-Up (HBR)

• An interview with Gabriele Montelisciani, CEO and Co-founder of Zerynth

Fundraising tracker

This fundraising tracker is updated weekly based on the news published in this newsletter. (remember: I am not tracking crowdfunding rounds, nor pure financial debt rounds).

Revue shutting down 😤

Twitter has recently announced the shutdown of Revue, the platform I've been using for this newsletter. This will be the last issue on this - I'll migrate to something else (Substack? Tinyletter? GhostPro?). If you have any feedback/suggestions, they are more than welcome!

Ending Notes

Giacomo Mollo and I comment on the latest news every week: subscribe to our podcast on YouTube, Spotify, Apple Podcast, and other platforms to get additional insights on what is happening in the Italian ecosystem.

Have a great week,

N.