TWIS #219
Lifeed, Foreverland, Inventio, and others raised funding. Ring Capital opened an office in Milan.
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 💰
Lifeed, an edtech startup, 🇮🇹raised 3.5m from CDP VC, Opes Italia Sicaf Euveca, SEFEA Impact SGR, and Impact Ventures.
Foreverland, a food-tech startup, raised €3.4m in a syndicated round that included Exor, 2100 Ventures, Moonstone, Grey Silo Ventures, and others.
INVENTIO, the developer of an AI solution for industrial environments, 🇮🇹raised €555k in a preseed round participated by Club degli Investitori, CDP VC, Plug and Play.
Vado, an automatic delivery startup, 🇮🇹raised €444k from Startup Wise Guys and various business angels.
Shootify, an AI-for-fashion-ecommerce startup, 🇮🇹raised €300k from Magic Mind.
TrueLayer extended its Series E raising an additional USD$ 50m in funding.
Newcleo 🇮🇹raised €135m.
New Funds 💫
Ring Capital opened an office in Milan.
M&A 🥩
Reading this week📚
OpenAI and CDP Venture Capital partner to promote the development and adoption of Artificial Intelligence in Italy.
Microsoft announced the plan to invest 4.3b in Italy, to expand its cloud infrastructure capacity and provide digital skills training to over 1m Italians by the end of 2025.
Molten Ventures acquired a significant majority stake in Connect Ventures' first fund through a secondary transaction.
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Fundraising Tracker 📈
Ending Notes📝
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Have a great week,
N.