TWIS #234
Great week for the Italian ecosystem: 13 deals announced, for more than €36m in funds raised. Qomodo, Faba, Spoki, Complaion are among the biggest fundraisers.
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 💰
Qomodo, a BNPL startup, raised €13.5m in a Series A round from RTP Global, LMDV Capital, Proximity Capital, Primo Capital.
Faba, a kids-tech startup, 🇮🇹raised €4.5m in an early-stage round from CDP VC, Oltre Ventures, Ad4ventures.
Complaion, a reg-tech startup, 🇮🇹raised €3.4m in an early-stage round from Koinos Capital, 2100, Exor Ventures, Banca Sella, Ithaca.
Keyless, a biometric scaleup, raised €2m in an early-stage round from Rialto, Experian Ventures.
Connected Stories, a marketing tech startup, 🇮🇹raised €1.5m in an early-stage round from BlackSheep, Finint investments.
Estyl, a startup developing an AI-stylist, 🇮🇹raised €100k in a pre-seed round from Oblivion, with an additional €500k in debt.
Soource, a purchasing automation startup, 🇮🇹raised €1.5m in a pre-seed round from 360 Capital, Exor Ventures, Vesper Holdings, B-Heroes.
Spoki, a whatsapp-based marketing automation startup, raised €5.5m in a Series A round from BlackSheep, CDP VC, Finint investments, Apside.
Wayla, a shared mobility startup, 🇮🇹raised €900k in a pre-seed round from Moffu Labs, MobilityUp, Sullivan Ventures, Business Angels.
FunniFin, a financial wellbeing startup, 🇮🇹raised €850k in a seed round from CDP VC, Social Fare, Avanzi Etica Sicaf EUVECA, Fondazione Italiana Accenture, Syscon SRL.
HyWork, an HR-tech startup, 🇮🇹raised €525k in a seed round from Business Angels.
Seares, a blue economy startup, raised €2.2m in an early-stage round from CDP VC, Toscana Next, Selected Investments, Business Angels.
Hiro Robotics 🇮🇹raised an undisclosed amount from Levante Capital.
The Money, abroad 🇮🇹🌎
Almanax, a crypto-security startup, raised $1m from Blockchain Builders Fund, Exor Ventures, Vento Ventures, Italian Angels for Growth, Eden Ventures, Moonbase
Reading this week📚
Andrea Colombo, CEO of Cortilia, 🇮🇹interviewed about the future of Cortilia.
The European Research Council 🇮🇹granted a total of €36.75m to 134 research projects. 15 of them are from Italy.
🌟Jobs in Italian Startups🌟
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Startup Events in Italy🎪
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Fundraising Tracker 📈
We are close to €47m in rounds publicly announced by Italian startups in January. Better than 2023, but still below 2024. Qomodo is the biggest deal announced so far, and the only one in the “double digit” millions.
The tracker will be back in February 😃 head over to the dashboard to get a first look at 2025 and review the best of 2024.
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.