TWIS #223
Tau Group, Nuvola Zero, and others raised funding. Scalapay raised EUR 3Bn in new debit financing.
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 💰
Resalis Therapeutics raised an undisclosed amount from Sanofi.
Tau Group raised €1.5m from MiTo Tech Ventures in a Series B extension.
Nuvola Zero, a foodtech startup, 🇮🇹raised €1.4m from Azimut and crowdfunding investors.
Waxy, a clean tech startup, 🇮🇹raised €1.35m from CDP VC, Granarolo, and Sud Speed Up.
Movenzia, a mobility startup, 🇮🇹raised €1m from Finint Investments and business angels.
New Funds 💫
Fondazione Social Venture Giordano Dell’Amore and Cariplo Factory 🇮🇹announced a joint investment program, aiming at investing €60m in impact-related ventures.
M&A🥩
Sesa acquired 🇮🇹Smart Engineering and 🇮🇹Greensun.
A.I.GEN. 🇮🇹acquired Youthquake.
Sysnet 🇮🇹acquired Alliumtech.
Reading this week📚
BNP Paribas and Scalapay 🇮🇹agreed to a new credit line worth up to €3bn for the latter’s BNPL business.
Fleap 🇮🇹was approved by CONSOB to offer tokenization services.
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Startup Events in Italy🎪
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Fundraising Tracker 📈
Ending Notes📝
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Have a great week,
N.