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
Reading this week
Sparks of Artificial General Intelligence - early experiments with GPT4
Newcleo 🇮🇹is opening a €1bn round
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.