TWIS #148

Kampaay and Wesual raised funding. Exit for Fluentify and acqui-hire for Glickon. Meta vs SIAE.

Apr 10, 2023

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

[Redacted - incomplete news].
Wesual, a visual content creation startup, 🇮🇹raised €1.25m from CDP, LVenture, and Encelado Ventures.

M&A and other liquidity events

Voxy acquired Fluentify for an undisclosed amount.
Lutech acquired Atos Italia.
Glickon 🇮🇹acqui-hired Teamsight.

Meta vs SIAE vs the Italian Antitrust

A few weeks ago, Meta removed all Italian music due to a dispute over licensing with SIAE.
More recently, the Italian Antitrust agency opened an investigation against Meta.
Meanwhile, Soundreef, a digital rights platform alternative to SIAE, 🇮🇹restored access to a portion of its catalog to Meta users.

Reading this week

The 🇮🇹25 most interesting AI Italian startups.
D-orbit signed a €26m contract with ESA.
Stanford’s AI index report.
Azimut tokenized the shares of a Luxembourg investment fund
After last week’s conflict with the Italian Data Protection Authority, representatives from OpenAI held a meeting with the agency, promising to set out measures to address their concerns.

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,