TWIS #222
Cyber Guru, Radical Storage, Green Future Project, and others raised funding. First closing for Digitaly 360.
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 💰
Cyber Guru, a cybersecurity education startup, raised USD$25m in a round led by Riverside Acceleration Capital and participated by Educapital, Adara Ventures and P101 Ventures.
Radical Storage, a startup managing a luggage storage network, 🇮🇹raised USD $7m in a Series A round led by CDP VC, with the participation of Azimut, Opes Italia SICAF, Finint Investments, and Vertis.
Green Future Project, a climate-tech startup, 🇮🇹raised €2.2m from PranaVentures, Finint Investments, and Inovexus.
i-Foria, a waste management startup, 🇮🇹raised €1.7m from Tech4Planet and MiTo Tech Ventures.
CDP Venture Capital 🇮🇹invested alongside Swiss Post in French startup Otoqi.
LIFTT participated in a seed round raised by UK-based university spinoff MicroLub.
Even, Matilde Giglio and Alessandro Ialongo’s startup based in India, raised $30m in a round led by Khosla Ventures
New Funds 💫
360 Capital announced the first closing for its latest seed-stage fund, 360 Digitaly, at €30m.
M&A🥩
Teamsystem acquired a 40% in Deliverart.
Reading this week📚
WordLift and Breadcrumbs teams join forces to accelerate growth in the AI-driven SEO space.
Italian tech company Bending Spoons has eye on US for potential IPO.
Eat, Pray, Love but make it Tech → the latest issue of Il Digestivo is out!
The enterprise verdict on AI models: Why open source will win. I am not fully endorsing this, but the power and influence of open source in the GenAI race is undeniably massive.
KeyBanc Capital Markets Private SaaS Company Survey Results 2024.
Scientifica Venture Capital, in collaboration with IREFI - Institute for France-Italy Economic Relations and its extensive network, has launched an international Call4Ideas to foster the creation of a European technological and entrepreneurial ecosystem.
🌟Jobs in Italian Startups🌟
If you want to share or more job positions relevant to the Italian ecosystem, fill out this form. Looking for a new job? Check out this link!
Startup Events in Italy🎪
Keep an eye on the upcoming events in the Italian ecosystem1. Feel free to add an event through this form.
Fundraising Tracker 📈
Ending Notes📝
Don’t forget to check out the TWIS dashboard for the latest updates.
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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.