TWIS #186

FTNet, SPiN, 1Control and others raised funding. TXT e-Solutions and Winelivery announced new acquisitions.

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.

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The Money 💰

• FTNet, a sales-tech startup in the pharma sector, 🇮🇹raised €3m from angel investors.

• SPiN, a space-tech startup, raised €1.64m from Galaxia, ScientificaVC, and Lazio Innova,

• 1Control, a smart access startup, 🇮🇹raised €1m from CDP VC and Azimut Alicrowd II.

• Lexroom.ai, an AI-for-law startup, 🇮🇹raised €500k from business angels.

• Ticketoo, a secondary ticketing startup, 🇮🇹raised €400k from Digital Magics, Lazio Innova, and business angels.

• Deeva, a beauty-tech startup, 🇮🇹raised €400k from Mamazen and business angels.

• Lendit, a B2B credit-sharing startup, raised an undisclosed amount from dpixel in a natively tokenized fundraise. Seed Venture was the platform enabling the deal.

• Panakes Partners joined Sofinnova Partners and other investors in the €20m seed round raised by DISCO Pharmaceuticals, a biotech startup.

• Stellantis Ventures joined the €22m round raised by Tiamat, a French sodium-ions batteries startup.

M&A 🥩

• TXT e-Solutions acquired 51% of Arcan, a startup developing solutions for software technical debt.

• Winelivery 🇮🇹acquired Become Somm.

Reading this week 📚

• Worry no more if you are curious about how much capital Italian startups raised in 2023, you only need to pick the number you like:

  • Italian Tech Alliance and Growth Capital 🇮🇹published their 2023 report, putting the number at €1.17B.

  • Bebeez goes as far as €1.5B.

  • Last week, the EY VC Barometer settled on €1.05B.

  • As you know, my tracker stopped at €936m.

  • 😩 → We all agree that 2023 lost a lot of ground to 2022.

• Baby VC opened up a waiting list for its Spring 2024 bootcamp. The good news? They are expanding to Italy!

🌟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:

• Business Developer at BonusX

• HR Business Partner at BonusX

• Welfare&Tax Specialist at BonusX

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:

• AI Festival

• Next Age Acceleration Program - Call for Applications open

→ See all the other events coming up.

Fundraising Tracker 📈

Ending Notes

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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.

1. The following events are welcome, but feel free to submit your entry!

• Demo days

• Calls for startups

• Startup fairs, events, happy hours…