K-Sport World, Axyon AI, Doorway, and others raised funding. Exit for Sportclubby. Italian LLMs.
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 💰
Playtomic 🇮🇹acquired Sportclubby.
Xenon Private Equity Small Cap 🇮🇹acquired a controlling stake in Kettydo+, Hic Mobile, and UrbiStat.
Italian LLMs 🤖🇮🇹
LLMs are finally speaking Italian! Two open-source models fine-tuned in the Italian language have been recently released:
But we have higher aspirations: Cineca and iGenius (an AI startup) 🇮🇹announced a partnership to create Modello Italia, a foundational LLM built from scratch. Will it stand against the big, deep-pocketed foundational LLM behemoths?
Reading this week 📚
An overview of the European space-tech ecosystem (spoiler: Italian funds are well represented at the seed stage).
IAG invested in Lombardstreet Ventures, strengthening the club's influence in the US.
Data centers in Italy 🇮🇹might attract €15 billion in investments by 2025.
A tragic fire 🇮🇹burned down Planet Farms’ automated hydroponic farm.
🌟Jobs in Italian Startups🌟
Startup Events in Italy🎪
Newly added events:
Fundraising Tracker 📈
I am experimenting with sponsorships in the newsletter. If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!
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…