The Week in Italian Startups

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TWIS #163

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The week in Italian startups is a weekly collection of the most interesting news from the Italian startup ecosystem, with a focus on funding rounds, milestones, major partnerships, and innovation news.
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TWIS #163

Energy Dome, Coverzen, ALBA Robot, and others raised funding. A new fund announced by United Ventures. Digit'Ed acquired 24ORE Business School.

Niccolò Sanarico
Jul 24, 2023
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TWIS #163

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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

  • Energy Dome raised an additional €15m into its Series B round announced back in April. New investors include Vopak Ventures, Sagana, 360CP, and CDP VC. The company has raised €55m so far in the round.

  • BizAway, a travel-tech startup, 🇮🇹raised €10m in a debt facility offered by Illimity.

  • Coverzen, an insuretech platform, 🇮🇹raised €3.3m in a round led by Vertis SGR and joined by a group of business angels.

  • ALBA Robot, an autonomous micro-mobility startup, 🇮🇹raised €2.636m in a round led by Cysero and joined by RoboIT and Techstars.

  • BCode, a Web3 startup, 🇮🇹raised €2m in a club deal with business angels.

  • Holidoit, a tourism-tech startup, 🇮🇹raised €1m from business angels.

  • Quickfisco, a fiscal-tech startup, 🇮🇹raised €900k in a mix of equity crowdfunding and grants.

  • Piece, a real estate investment startup, raised a €650k round from StartupGym, East Ventures, Gaiax, and business angels.

  • CardioaCasa, a telemedicine startup, 🇮🇹raised €250k in an angel round.

New Funds

  • United Ventures 🇮🇹announced the first closing of its new flagship fund, UV3. The fund has raised €65m so far, with a €150m target.

  • Tinexta and Digital Magics 🇮🇹announced a new joint venture to invest in 10 startups, with a €250k average ticket.

M&A

  • VEM Sistemi announced the acquisition of 67% of Neen, an independent cloud hosting provider.

  • Digit’ed 🇮🇹acquired 24ORE Business School, a digital business school. According to 🇮🇹rumors, the price paid was €200m.

Reading This Week

  • BCG’s growth playbook for B2B SaaS Companies

  • Recordati teamed up with Scientifica VC.

  • The 2023 State of API

  • How I became a machine learning practitioner (a post from 2019 by Greg Brockman, cofounder of OpenAI).

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.

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