The Week in Italian Startups

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TWIS #150

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TWIS #150

Alia Therapeutics, Wearable Robotics, and others raised funding. Q1 in Italian startups. RIP Elserino Piol, the father of Italian venture capital.

Niccolò Sanarico
Apr 24, 2023
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Hello,

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Ventures: I publish my curated list of the latest news from the Italian startup ecosystem every week.

The Money

  • Alia Therapeutics raised a 4.4m bridge round from Sofinnova, Indaco, and business angels.

  • Wearable Robotics, a robotic-aided training and rehabilitation startup, 🇮🇹raised €2.5m from LIFTT, RoboIT, Progress Tech Transfer fund, and business angels.

  • FoodU, a food-tech startup, 🇮🇹raised €1m in equity and debt from CDP VC and Smart&Start.

  • PipeIn, a predictive maintenance startup for pipelines, 🇮🇹raised €725k from CDP VC and Pariter Partners.

  • RestWorld, an HoReCa jobs platform, 🇮🇹raised €500k from SWG, Bakeka.it, and several business angels.

  • WaitHero, a QRcode-based payment service for restaurants, 🇮🇹raised €1m and announced the acquisition of Mangiatutto.

Investments abroad

  • Panakes Partners participated in a €72m round raised by Complement Therapeutics, a German biotech startup.

  • Angels from IAG joined a $2.27m SAFE round in Votis, an Israeli startup.

M&A

  • TIM 🇮🇹acquired TS-Way, a cybersecurity company.

Q1 in Italian startups

  • 🇮🇹AIFI/VEM and ITA/GC published their report regarding investments in Q1. The numbers from the two reports differ quite a bit, but they agree about a quarter that was well below expectations.

Reading this week

  • RIP Elserino Piol.

  • ToscanaNext: €13.5m of co-investment capital available for startups launching in Tuscany

  • 🇮🇹L’Innovazione degli italiani e l’Italia

Fundraising Tracker

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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.

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