TWIS #158

Develohope and Crono raised funding. Supermoney in a preliminary agreement to go public combining with VAM SPAC. Iren acquired ReMat.

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

• Develhope, an edtech startup, 🇮🇹raised €6m from CDP VC, Opes, and Sefea.

• Crono, a sales-tech startup, raised €500k from SFC Capital, Aticco Ventures, and others.

M&A, IPOs, SPACs

• Supermoney, a utilities & finance products comparison company, agreed with VAM SPAC to go public via a merger valuing the company €200m.

• IREN 🇮🇹acquired 88.43% of ReMat, a circular economy startup, by paying €3.5m.

• Red Fish Long Term Capital 🇮🇹is planning an IPO with a valuation between €22 and €25m. The company raised previous capital in three crowdfunding campaigns.

Reading this week

• Stellantis Ventures invested in 10 mobility startups.

• Blackrock filed an application for a spot Bitcoin ETF.

• A French Generative AI startup raised €105m… 4 weeks after its founding.

Fundraising Tracker

Ending Notes

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

Have a great week,

N.