Hello,

This is Niccolò from Primo Ventures. Every week I publish my curation of the latest news from the Italian startup ecosystem.

The Money

• Sysdesign, a robotics startup, 🇮🇹raised €3m from Cysero.

• 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.

• 🇮🇹An Italian venture studio managed by a DAO.

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.