TWIS #226
Cardo AI, Eye2Drive, and others raised funding. New private equity funds in the tech sector. A new accelerator from CDP. Muscope Cybersecurity acquired by Teamsystem.
Hello,
Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.
The Money 💰
Cardo AI, a fintech startup, announced a $15m Series A funding co-led by Blackstone, FINTOP Capital and JAM FINTOP.
Eye2Drive, a startup developing imaging sensors for the automotive sector, 🇮🇹raised €1.5m from RoboIT, Pariter Partners, Motor Valley Accelerator, and Toscana Next.
Discentis, an edtech startup, 🇮🇹raised €250k from Social Fare and La Lucerna.
Outdoora, a “SocialARTvertising” startup, 🇮🇹raised an undisclosed amount from LMDV Capital.
Accudire, an e-CMR startup, 🇮🇹raised an undisclosed amount from Circle Group and Zucchetti.
Meanwhile, in the US Kong secured $175m new financing at $2B valuation to power the API world 👏🏻👏🏻👏🏻.
And, finally, Bending Spoons is working on a new €42m equity round.
New Funds 💫
News from the technology private equity market: Quadrivio Group announced a new Artificial Intelligence PE Fund, in partnership with Microsoft, while 21Invest announced 21 Invest Healthcare, a PE fund focused on innovative products in the healthtech sector.
CDP VC launched CrossConnect, its latest accelerator, focused on startups offering products in the infrastructure sector.
FS Group 🇮🇹announced an agreement worth €5m with several players in the ecosystem to support its innovation efforts.
M&A🥩
Teamsystem 🇮🇹acquired Muscope Cybersecurity.
Reading this week📚
Echolight signed a distribution agreement with Siemens Healthineers.
🇮🇹The top 10 startups in B2B innovation in Italy.
2024: The State of Generative AI in the Enterprise - Menlo Ventures.
AI-Native Applications: A Framework for Evaluating the Future of Enterprise Software - Sapphire Ventures.
AI Eats the World - the latest presentation by Benedict Evans.
🌟Jobs in Italian Startups🌟
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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.