The Week in Italian Startups

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TWIS #142

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TWIS #142

United Ventures invested in Electra; Microtech, BeyondTheBox, Ittinsect and others raised funding; a new acquisition for Tulips and an exit for HAL.

Niccolò Sanarico
Feb 27
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TWIS #142

dealflowit.niccolosanarico.com

Hello,

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

The Money

  • United Ventures led a $21m round in Electra, a Boston-based startup developing battery-optimization software for the automotive market. Other investors include LIFTT, Stellantis Ventures, Club degli Investitori, and BlackBerry Limited.

  • Microtech, a PC and tablet brand, 🇮🇹raised €2.8m in a crowdfunding campaign, with 0.75m invested by Anthilia Capital Partners sgr and 1.2m by Azimut’s AliCrowd.

  • BeyondTheBox, an edtech startup, 🇮🇹raised €650k from POLIMI Graduate School of Management, CDP Venture Capital, and SuperCharger Ventures.

  • Ittinsect, a biotech startup, 🇮🇹raised €625k from CDP VC, Katapult Ocean, Indico Capital Partners, LVenture Group, and business angels.

  • Holifya, a DNA analysis startup, 🇮🇹raised €500k from Growth Engine, Exor and B4i.

  • Fler, a startup developing hair removal products (i.e. razors!), 🇮🇹raised €380k from Bonsai Ventures and Loop srl.

  • Human Bio Innovation 🇮🇹raised an undisclosed amount from Nova Capital.

  • Wealthype, formerly known as Virtual B, 🇮🇹raised an undisclosed amount from Azimut Enterprises.

  • Napo Therapeuthics S.p.A., the Italian arm of Napo Therapeutics Inc. (a wholly owned subsidiary of Jaguar Health Inc.), raised a private placement round from SPRIM Global Investments.

M&A

  • Tulips 🇮🇹acquired Green Project for an undisclosed amount.

  • Consensys acquired HAL for an undisclosed amount.

Reading this week

  • Ih1, the investment holding set up by Mamazen, 🇮🇹announced its second closing at 3.65m.

  • From zero to research scientist, a github-hosted guide.

  • What is ChatGPT, and why does it work?

Fundraising Tracker

Curious about whether the chart will ramp up in 2023? Subscribe now and stay up to date!

Interviews from TechChill Milan 2022

During the last edition of TechChill Milan 2022, Giacomo and I interviewed a few friends. We are now releasing these videos, one per week: please enjoy our conversation with with Jean-Philippe M.L. Schepens, founder and CEO of AxonJay.ai!

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.

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TWIS #142

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