Blendee, Jet HR, Planckian, and others raised funding. Alchimia SpA sold a stake in Fenice. Tata Communications to acquire Kaleyra Inc. Masayoshi Son is going all-in on AI.
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.
Alchimia Spa sold a portion of its stake in Fenice, Chiara Ferragni’s brand company, valuing Fenice €75m (and realizing a sizable multiple).
Tata Communications to acquire Kaleyra Inc. for $100m.
Italiana Assicurazioni 🇮🇹acquired Plurima, an insuretech startup, for an undisclosed amount.
Digital Magics and LVenture Group 🇮🇹agreed on the terms of their merger.
Reading this week
Coatue’s EMW 2023 presentation.
Masayoshi Son going all-in on AI (Softbank presentation, worth a look).
The SEC rejected the latest Bitcoin ETF filings.
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,