Hello,

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Ventures: every week I publish my curation of the latest news from the Italian startup ecosystem.

The Money

• Tau Group raised €9m in a series B round led by Solvay Ventures.

• FTnet, a marketplace startup specializing in the pharma sector, 🇮🇹raised €3m from private investors.

• Harg, a silver-tech startup, 🇮🇹raised €2.5m from CDP VC, A|Impact, Etica SGR, and others.

• Superlayer, a London-based startup founded by Italian entrepreneurs, raised $1.3m in a pre-seed round.

• Wora, a same-day delivery startup, 🇮🇹raised €600k from IAG, Club degli Investori, and other business angels.

• Coderblock, a metaverse startup, 🇮🇹raised €1m from Deloitte Consulting e ADM Media Consulting.

• Homa, a community housing startup, 🇮🇹raised €715k from Sefea.

• UTwin, a digital twin for real estate startup, raised €400k from CDP VC.

M&A

• HWG 🇮🇹made a tender offer for Sababa Security, at a price of €3.9 per share. Sababa went public in 2021.

Reading this week

• Q4 in Italian startups - by Mattia Moscarelli and Ubaldo Mafrici.

• 🇮🇹20 AI Italian startups to keep an eye on.

• Coverflex, a Portuguese welfare startup, raised €15m (including from Italian angels), and 🇮🇹announced plans to launch in Italy.

Fundraising Tracker

2023 so far is a bit disappointing: with only €42m announced to date, this is the slowest since 2020.

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.