Newronica and Billoo raised capital. Azimut launched ALICrowd III, while Scalapay acquired a payment institution. Cube Labs plans its IPO. Digital Magics and LVentures plan a merger.
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.
New funds & accelerators
Not exactly a new fund in Italy, but UK-based Exceptional Ventures (founded by Paolo Pio) 🇮🇹will be hosting a couple of events on the 15th and 16th in Turin and Milan to present their fund and look for startups in the health and wellness sector.
Azimut is 🇮🇹raising its third ALICrowd fund, with a target of €40m, on its very own crowdfunding platform (Mamacrowd). ALICrowd II raised +€31m🤑 exactly one year ago.
dPixel, a venture advisor and accelerator, 🇮🇹announced AG 4 Future Food Accelerator.
M&A, IPO, and other liquidity events
Scalapay acquired Cabel IP for an undisclosed amount.
Credimi 🇮🇹will allegedly be acquired by Banca CF+ for €5m, plus an additional €5m earnout.
Digital Magics and LVenture Group, two big players in the startup acceleration and seed investment market in Italy, 🇮🇹are working on a merger.
Nutribees was acquired by SecondChef.
CDP VC takes stock of its accelerators’ master project
200 startups accelerated so far
18 active programs
Not too shabby.
Reading this week
Silicon Valley Bank went under - what’s gonna happen next?
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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: finally, enjoy our conversation with Andrea Orlando, managing partner of Startup Wise Guys Italy:
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,