TWIS #163

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

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.