TWIS #183 - 🌟Happy New Year's edition🌟
TWIS #183 - 🌟Happy New Year's edition🌟
Vitesy, Algor, OhmSpace, and Mbility raised funding. Excellis and IH1 also announced new capital increases. Yakkyo went public.
Hello,
Welcome back to The Week in Italian Startups, at the same time the last edition of 2023 and the very first of 2024. This is Niccolò from Primo Ventures: every week, I publish my curated list of the latest news from the Italian startup ecosystem.
The Money
Vitesy, a green-tech startup, 🇮🇹raised €3.2m from Doorway and business angels.
Algor Education, an AI startup, 🇮🇹raised €1.4m from Emerge Education, Club degli Investitori, 40Jemz Ventures, and Gustaf Nordbäck.
OhmSpace, a space-tech startup, 🇮🇹raised €1.2m in a round led by Scientifica Venture Capital, with Innova Venture and Galaxia joining the round.
New Funds
Excellis, an investment holding, 🇮🇹announced its second capital increase (and 10 investments).
IH1, an investment holding, 🇮🇹reached €5m in capital raised.
M&A
TXT e-solutions invested €2m in PayDo for a 16.7% stake, agreeing to increase its holding to 51% in the next 2 years.
Multiversity Group 🇮🇹acquired a stake in Materias, a venture builder focused on biotech.
IPO
Yakkyo went public on the Professional segment of the EGM through a direct listing. This is the 34th listing on Euronext Growth Milan in 2023 (and the 64th on Euronext).
Readings to begin 2024
IAG launches the Milano International VC Hub.
🇮🇹The Italian Tech Landscape, a census of Italian software providers.
An 🇮🇹interview with Andrea Censoni on the African startup ecosystem.
Klecha&co published a report on the edtech market in Europe.
Carta’s State of Startups 2023
🌟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:
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
Happy New Year! ✨💫
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 year,
N.
The following events are welcome, but feel free to submit your entry!
Demo days
Calls for startups
Startup fairs, events, happy hours…