TWIS #195
Casavo, Nouscom, AION Tech, StepsConnect, and others raised funding. Quantonation invests in Quantum Italia. Egomnia is planning an IPO.
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.
🚀 What's the value of a design system? A Belka Live Talk (sponsor)
Join Belka’s next online webinar on Wednesday 3 April at 16:00 and learn everything about the value of design systems and how to track their success in growing your digital product!
Do design systems make sense for startups? At what stage of growth will they start making a difference? Those are just two of the questions Giulio Michelon, Belka’s founder, and Sara Fazzini, Design Manager, will tackle in this webinar.
Some of the other questions they’ll tackle: When is it too early to build a design system? When is it too late? How do you measure the return on investment? How do you introduce design system thinking in your team?
We’ve been around! In the last 4 years, Belka has helped multiple startups and enterprises build and adopt design systems: Everyone from NeN, indigo.ai, EltyDaVinci, Subito, Fatture in Cloud, and more…
Join the free webinar to learn (almost) everything Giulio and Sara know about design systems. It’s free and in English. (If you’re too busy to attend, you should still register — we’ll share the slides and live recording with you later.)
The Money 💰
Casavo 🇮🇹raised so far €19.5m out of the €30m in convertible debt as it executes its turnaround plan.
Nouscom raised an additional €7m into its Series C round (see TWIS #178) from Angelini Ventures.
AION Tech, an API orchestration startup, 🇮🇹raised €1.3m from AATECH SPA SB.
StepsConnect, a recruiting-tech startup, 🇮🇹raised €1m from a syndicate of investors including 40Jemz Ventures, Eden Ventures, Moonstone Fund, Moffu Labs, and others.
Keplero AI, an AI assistant for customer service startup, 🇮🇹raised €400k in a round led by 40Jemz Ventures.
Id.Eight, a sustainable sneaker startup, 🇮🇹raised €350k from A|Impact.
The Money 💰 - International 🌍
LIFTT joined Quantonation and Stellantis Ventures in a 3.2m round in SteerLight, a French LIDAR startup.
New Funds 💫
Quantonation also invested in Quantum Italia, a deep tech investment vehicle created by Scientifica VC.
IPO 💸
Egomnia, a company once famous for launching a job-focused social network (and for being 🇮🇹the subject of a movie), 🇮🇹is planning an IPO on the EGM Pro market, with a €2.3m expected market capitalization.
Reading this week 📚
Italy 🇮🇹ranks 9th globally in number of AI-related scientific papers published. In the EU only Germany does better.
An 🇮🇹interview with Maddalena Adorno, founder of Dorian Therapeutics (YC ‘18).
The 🇮🇹2024 Clusit Report about cybercrime & security.
A 🇮🇹list of 500 Italians worth mentioning for their studies or achievements in Artificial Intelligence.
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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.
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