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AINDO, Qapla', Arca Dynamics, and others raised funding. The state of VC in Italy, Q3 2023 report.
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.
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.
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.
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:
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🌟
Product Manager with expertise in UX Design at Wordlift
Sidereus Space is looking for:
Startup Events in Italy🎪
Newly added events:
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,
The following events are welcome, but feel free to submit your entry!
Calls for startups
Startup fairs, events, happy hours…