TWIS #193
Kurbs Orbital, This Unique, and others raised funding. Bending Spoons is considering a new high profile acquisition. Two new acquisitions for Zucchetti. The European Digital Wallet.
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 💰
Kurbs Orbital, a space-tech startup, 🇮🇹raised €3.7m in a round led by Otb Ventures, joined by Credo Ventures, Galaxia, In-Q-Tel, and Inovo.
This Unique, startup offering environmentally sustainable menstrual pads, 🇮🇹raised €0.5m in a bridge round by Ulixes Capital Partners, Moonstone, and Longevity Life Holdings.
WAO, a proptech startup, 🇮🇹raised €0.8m in a preseed round from OneDay and business angels.
CityZ, a smart parking startup, 🇮🇹raised €0.5m from 40Jemz and Magic Spectrum.
Bud power, a food for sports startup, 🇮🇹raised an undisclosed amount at a €6m pre-money.
M&A 🥩
Bending Spoons is considering a potential acquisition of Vimeo Inc.
Italian Artisan 🇮🇹acquired Ad Hoc Atelier and raised €750k from Primo Ventures.
Zucchetti 🇮🇹acquired a stake in EsgMax and 🇮🇹Qualitando.
Scaglia Indeva 🇮🇹acquired a majority stake in SysDesign (exit for Cysero).
NetResults acquired Awhy.
Reading this week 📚
Formalize, a Danish startup, raised €15m from BlackFin Tech and announced its expansion to Milan.
The reference architecture for the European Digital Wallet.
Startup Geeks announced a new founders’ investment club deal to invest in their program alumni.
Raise Millions: The ultimate guide to fundraising for first-time founders.
Azimut is 🇮🇹planning to launch a GP staking product on the Italian market.
Deal Flow 4.0: 5 Things We Learned About European Tech Deal Terms in 2023.
Watching this week 🖥️
Giacomo prepared a deep dive into the paper Predictably Bad Investments: Evidence from Venture Capitalists, by Diag Davenport. Watch the video here →
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Newly added events:
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Ending Notes📝
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Have a great week,
N.
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Great structure and content selection to stay updated on what’s happening in the Italian startup scene!