TWIS #230
Habacus, BusForFun, Mole Urbana, and others raised funding. A new fund by Vertis. CDP VC invested as an LP in one of Eurazeo's funds. More than €1Bn raised by Italian startups in 2024.
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.
This will be my last post for 2024. See you in January, and have a great holiday break! 🎅🏼🎄
The Money 💰
Habacus, an startup offering integrated services to students, raised €5m from P101 and CDP VC.
BusForFun, an event-tech startup, 🇮🇹raised €4m in equity (from Simest) and debt (from Intesa San Paolo).
Mole Urbana, a startup developing electric vehicles, 🇮🇹raised €3.5m from CDP VC, Piemonte Next and business angels.
EKORE, a proptech startup, 🇮🇹raised €1.3m from SOM and Habismart.
Flow-nano, an energy-tech startup, 🇮🇹raised €1m from Tech4Planet.
Fluid Wire Robotics, a robotics startup, raised €400k from Deep Ocean Capital.
Startgram, a welfare startup, 🇮🇹raised €310k in a pre-seed round from Mival Capital and several business angels.
Volume, a UK-based fintech startup, raised $6m from United Ventures (lead), Firstminute Capital, SeedX, Haatch.
New Funds💫
Vertis 🇮🇹announced Vertis Venture 6 Digital Sud, a new early-stage fund investing in the digital transition in Southern Italy.
CDP VC invested in Eurazeo’s EDF IV fund.
Reading this week📚
SaaS Growth Report: Bootstrapped vs VC-Backed | ChartMogul
Italian startups with social and environmental impact: 2024 | Scaleup Italy
2024 State of AI report (a review of AI surveys)
Bending Spoons M&A inquiries are not always welcome…
🌟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 ecosystem. Feel free to add an event through this form.
Fundraising Tracker 📈
Startups in the TWIS tracker raised about €1.05 Bn in 181 publicly announcend rounds, with an average of €5.8m and a median of €1.5m.
The year 2024 looks like the definitive proof that 2022 was an absolute outlier in the Italian market.
Ending Notes📝
Don’t forget to check out the TWIS dashboard for the latest updates.
I am experimenting with sponsorships in the newsletter. If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!
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 wonderful and relaxing holidays seasons, see you in 2025,
N.