TWIS #174
TWIS #174
AINDO, Qapla', Arca Dynamics, and others raised funding. The state of VC in Italy, Q3 2023 report.
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
Aindo, a synthetic data startup, raised a $6m series A in a round led by United Ventures and participated by existing investor Vertis SGR. (note: the linked article includes the deck Aindo used to pitch the round.)
Qapla', a Florence-based scaleup that develops solutions for e-commerce management, 🇮🇹raised €5m in a Series A round. The funding was led by BlackSheep, with participation from CDP VC's Acceleratori fund and Toscana Next.
ClubDeal, a private investment platform, 🇮🇹raised €1.5m in a round led by CDP VC.
Arca Dynamics, a startup in the Space Economy, 🇮🇹raised €1.2m for the future of space debris. Investors include Cdp VC, Fondazione Crt, UniCredit, Plug and Play, and Ogr Torino.
Tuorlo Magazine, a food-media startup, 🇮🇹raised €1.1m from business angels.
Pack, a HR-tech platform, 🇮🇹raised a pre-seed round of €500k. The round was supported by Italian and international investors, including PRAXI Spa, Techstars LLC through Techstars Partners 2021, Ad Maiora Srl, C360, and Happily Welfare srl.
Fantix, an NYC-based AI model development startup, raised $1.6m in funding. Investors include Gaingels, Notion Capital, Founders Factory, Fastweb, Connect Ventures, IAG, and B Heroes.
M&A
Innovative-RFK 🇮🇹acquired Abbrevia.
VC in Italy, Q3 2023 update
Italian Tech Alliance and Growth Capital published their quarterly report on the state of VC in Italy. Below is a snapshot of the results in Q3:
Worth noting:
Q3 was the best quarter so far in 2023.
But late-stage rounds all but disappeared
Median rounds have been rising in the last few years.
Reading this week
An interview with Stefano Butti, Servitly CEO
My annual letter: Leading in a new era (by Satya Nadella) → key sentence: “We will invest to accelerate our lead in AI by infusing this technology across every layer of the tech stack”
🌟Jobs in Italian Startups🌟
If you want to have one or more job positions relevant to the Italian ecosystem listed, fill out this form. The position will remain visible for 30 days at this link.
Latest positions:
Product Manager with expertise in UX Design at Wordlift
Sidereus Space is looking for:
Startup Events in Italy🎪
Keep an eye on the upcoming events in the Italian ecosystem1. Feel free to add an event through this form.
Newly added events:
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.
The following events are welcome, but feel free to submit your entry!
Demo days
Calls for startups
Startup fairs, events, happy hours…