TWIS #177
D-Orbit, Qomodo, ShippyPro, and others raised funding. LIFTT, Exor invest abroad.
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
D-Orbit, a space-tech startup, raised over €100m in Series C funding, with Marubeni Corporation as the lead investor.
Qomodo, a Milan, Italy-based provider of payment solutions to physical retailers, raised €34.5m in Pre-Seed funding. The investment includes equity and a credit line.
ShippyPro, a shipping platform for commerce, raised $15m in a Series B round from Five Elms Capital.
Dreamfarm, a vegan mozzarella producer, raised €5m in a Pre-Seed round from business angels.
Equixly, an AI-driven cybersecurity startup, 🇮🇹raised €1.5m in a seed funding round led by 360 Capital, with participation from Nana Bianca and Stephen De Vries, co-founder and CEO of IriusRisk.
SoundSafe Care, a spin-off of Scuola Superiore Sant'Anna di Pisa, 🇮🇹raised €1.75m in a funding round led by RoboIT. Other investors include Fondo Toscana Next and Pariter Robotics srl.
The Money, but abroad
Exor joined a $15m in PhaseV, an Israeli startup.
Entropica Labs, a quantum computing startup, raised $4.7m in Series A from LIFTT and other investors.
Ooodles, a UK-based company, raised $12m in funding led by Paris-based asset manager, Smart Lenders Asset Management (SLAM).
New Funds
Yellow, a new VC firm from Glovo founders and Atomico investor, is betting on Southern Europe.
Holding 14, Luigi Berlusconi’s investment holding, 🇮🇹launched Annapurna, a VC investment vehicle focused on Italy and abroad.
M&A
Reading this week
OpenView's 2023 SaaS Benchmarks is here!
Europe VC funds jump ahead of US counterparts over 12 months.
There are now 8 Italian crowdfunding platforms 🇮🇹authorized to operate in the EU.
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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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