TWIS #166
NYP Techfin raised from Banca Valsabbina. MIP and H14 invested abroad. CapitalG acquired a stake in Teamsystem. Newcleo acquired a Franco-Swiss group.
Hello,
Welcome back to The Week in Italian Startups, I hope you enjoyed your summer break: I certainly did! This is Niccolò from Primo Ventures: every week, I publish my curated list of the latest news from the Italian startup ecosystem.
The Money
NYP Techfin, a fintech startup, 🇮🇹raised an undisclosed amount from Banca Valsabbina, for 11% of the company.
Milano Investment Partners joined a $3.5M Seed investment in Jellatech, a biotechnology company based in Raleigh, NC.
H14 Spa 🇮🇹joined a $12m round in Qualifyze, a German start-up that provides audit services for the pharmaceutical industry.
M&A
DoubleVerify will acquire Scibids Technology SAS (Blacksheep is an investor) for $125m in a cash and stock transaction.
Teamsystem, a digital business management solutions provider based in Pesaro, Italy, 🇮🇹raised funds from Google's CapitalG and Abu Dhabi's Adia.
Newcleo 🇮🇹acquired Rütschi, a Franco-Swiss group, for €68.9m.
Reading After The Summer Break
Shaping Italy's Financial Future: Traditional Banking Meets Digital Innovation.
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.