TWIS #182
Unobravo, Smartpricing, CAEmate, and others raised funding. Exits for IAG.
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
Unobravo, a mental health and wellbeing startup, raised an undisclosed growth round from Northzone, with the participation of H14. CDP 🇮🇹sold its stake in the startup, exiting its 2020 seed investment.
Smartpricing, a revenue management software for hotels, raised €11m in equity and €2m in credit lines in a round led by Partech (through its new fund Partech Ventures, also invested by CDP). Techshop, Azimut, and the founders of Bending Spoons participated in the round.
CAEmate, an Alto Adige-based digital twin startup, 🇮🇹has secured €3m in a post-seed funding round. The round was led by CDP Venture Capital and 360 Capital, with contributions from private investors Marco Carlini and Matti Kuivalainen.
Eureka! invested in two PoC projects from CNR and the University of Bologna, Reflex and Proxy. Amount undisclosed.
Indaco Venture Partners and Angelini Ventures joined a $38m investment in Freya Biosciences, a biotech company specializing in women's health, led by Sofinnova Partners and OMX Ventures.
M&A
IAG 🇮🇹announced their exits from Artemest and Winegrid.
Reading this week
From a garage in Italy to $100 million in revenue: congrats to Kong!
How do digital product companies actually use design systems on a day-to-day basis? A research by Belka.
Growth Capital 🇮🇹opened its Spanish office.
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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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Great value at a glance: kudos and thank you! As I am trying to learn more on fundraising, I find the tracker particularly insightful: which data source are you using? Do the figures include both grants and rounds with VC?