TWIS #146

HT Materials Science, Cosmico and Quisto raised funding. New funds from 360CP and Scientifica VC. Cube Labs went public. The Italian SAFE.

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

• HT Materials Science, an Irish-Italian startup, raised $15m from Saudi Aramco, Barclays, CDP VC, and Progress Tech Transfer.

• Cosmico, a talent-tech startup, 🇮🇹raised €1.85m from Prana Ventures, Bonsai Ventures, Growth Engine, and a syndicate of business angels.

• Quisto, a supply-chain startup for the restaurant sector, raised €800k in a pre-seed round.

New Funds

• 360CP is preparing to launch Poli360 II.

• Scientifica VC announced Quantum Italia, an investment vehicle dedicated to quantum tech.

IPO, M&A, and other liquidity events

• Cube Labs 🇮🇹went public with a €34.1m market cap.

• Antares Vision Group 🇮🇹acquired 15% of Isinnova, paying €1.5m.

• Teamsystem acquired Microntel SpA.

Goodbye, Gordon Moore

Intel @intel

Today, we lost a visionary. Gordon Moore, thank you for everything.

Reading this week

• Sparks of Artificial General Intelligence - early experiments with GPT4

• Fasanara Capital on The Future of Finance

• Newcleo 🇮🇹is opening a €1bn round

• The Italian SAFE

• Battery’s state of cloud software spending, March 2023

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.