TWIS #205
TWIS #205
Revolv Space, Zefi.ai, and Micthera raised funding. Rialto VC reached EUR 55m. CDP's VentureItaly II was announced.
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.
The Money 💰
Revolv.space, a space tech startup, raised €2.6m from Primo Space and Takeoff.
Zefi.ai, a SaaS for collecting user feedback, raised €1.6m from 360 Capital, 14Peaks Capital, B-Heroes, BIT, Secways, Aticco Ventures, Growth Engine, Vento and Halo.
Micthera, a biotech startup, raised €1m from Indaco Venture Partners.
IAG and Italians in VC partners invested in XTRA, a digital health startup based in USA.
New funds 💫
Rialto Ventures announced reaching €55m in capital raised. The fund has already completed 8 investments to date.
A2A and 360 Capital 🇮🇹announced 360 Life II, a €200m climate-tech fund aimed at European startups.
CDP VC announced VentureItaly II, its second fund of funds aimed at venture capital operators. According to the announcement, the FoF has a €500m target and has already received €475m from the Italian Ministry for Economic Development and CDP Equity. Since the first installment of the fund attracted 3X the capital deployed, we can hope this fund will mobilize €1-1.5b in additional capital for Italian startups.
Reading this week 📚
Tinexta and its startup 🇮🇹investment strategy.
TIME included 4books, Talent Garden, and Docsity among the World’s top edtech companies in 2024.
The governor of the Bank of Italy 🇮🇹pointed out the importance of venture capital in its speech presenting the 2023 annual results.
🌟Jobs in Italian Startups🌟
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Startup Events in Italy🎪
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Newly added events:
Fundraising Tracker 📈
New from the dashboard
This week I released a few updates to the TWIS dashboard. In particular, please enjoy the new 📢 announcements page 📢 with the open job positions and the upcoming events from the ecosystem.
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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