TWIS #137
TWIS #137
Sysdesign, Diamante, and others raised funding. Zakeke and Vedrai complete acquisitions. An Italian venture studio managed by a DAO. EY published the 2022 Venture Capital Barometer.
Hello,
This is Niccolò from Primo Ventures. Every week I publish my curation of the latest news from the Italian startup ecosystem.
The Money
Diamante, a biotech startup, raised €595k from Arieli Capital and a group of business angels.
MindAhead, an Italian/German digital health startup, 🇮🇹raised €500k from a syndicate of investors including CDP VC.
FlowPay, a fintech startup, 🇮🇹raised an undisclosed amount from Credit Agricole and AGOS.
Zanichelli Ventures invested an undisclosed amount in Zick Learn's pre-seed round.
M&A
Zakeke Group 🇮🇹acquired Future Fashion for an undisclosed amount.
Vedrai 🇮🇹completed the acquisition of Premoneo (see issue #74).
EY Barometer 2022
The team at EY published the EY VC Barometer 2022. Follow the link to read the full publication. Although we had a record year in 2022, the chart that still hurts is the one comparing Italy to the rest of Europe:
We need to grow the number of deals (FR and DE 2X’ed us) and we need more late stage rounds.
Reading this week
Welcome Catalisi, the operator angel group launched by serial entrepreneur and angel investor Enrico Pandian.
The 🇮🇹Cyber Innovation Network is an initiative from the Italian Cybersecurity Agency to coordinate incubators and accelerators focused on cybersecurity.
Startups and digital entrepreneurship: The changes and reforms we would need for a real change (from Startup Wise Guys’ Andrea Orlando).
A 🇮🇹report by Italian VCs participating to the J.P. Morgan Healthcare Conference.
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.