TWIS #136
TWIS #136
EvenFi, Spiagge.it, and others raised funding. M&A news from Chiesi, Manet, Valsoft Corp, and others.
Hello,
This is Niccolò from Primo Ventures. Every week I publish my curation of the latest news from the Italian startup ecosystem.
Welcome back to the first week of real action in 2023.
The Money
Spiagge.it, an ERP and booking engine for beach resorts, 🇮🇹raised €1.4m from Growth Engine and a group of business angels.
EvenFi, a peer-to-peer lending platform, raised €2.2m from Pacific Capital Partners.
Sardexpay, a credit & payment network, raised €4m and appointed Paolo Galvani as its new president.
KaraokeOne, a karaoke startup, 🇮🇹raised €1.5m from CDP VC and other investors.
Tootor, an edtech startup, 🇮🇹raised €800k from Azimut and business angels through a crowdfunding campaign.
M&A
Canadian company Valsoft Corporation acquired FuturaSI, the developer of a vertical ERP solution.
Manet, a travel tech startup, 🇮🇹acquired Edgar, another travel tech player.
Chiesi Farmaceutici and Amrit approved an M&A transaction where the former would pay $1.48B to acquire the latter.
Back in December Nextalia 🇮🇹acquired IBF Servizi, a precision farming company, for €50m.
Habyt and Common announced a merger.
Antitrust
The Italian antitrust authority fined Yoox-Net-a-porter €5.2m.
Reading this week
Software engineering at Google, a book published by O’Reilly and freely accessible online.
EY Venture Capital Talk 2023
Next Wednesday (18/1) I will be part of the live-streaming event EY Venture Capital Talk 2023 hosted by EY, along with a great group of speakers. Subscribe here to follow the event (in Italian), and get an overview of what happened in 2022 and the pulse of what’s ahead of us.
Fundraising Tracker
Ending Notes
Giacomo Mollo and I comment weekly on the latest news: 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.