TWIS #238
Newronika, Imatra, Approxima, and others raised funding. The VeM - Venture Capital Monitor is out. Tether acquires a stake in Juventus Football Club.
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 💰
Newronika, a company specialising in advanced deep brain stimulation, raised €13.6m in a Series B round from Fondazione ENEA Tech e Biomedical, Indaco Venture Partners SGR, Innogest Capital SGR, Wille Finance, TNBT Capital, and F3F.
NOB 4.0 Srl (Imatra) 🇮🇹raised €8m in an Early-stage round from CDP Venture Capital, and Fintech Partners.
Approxima, a biotech startup, 🇮🇹raised €7.3m in a Series A round from ENEA Tech and Biomedical Foundation, Panakès Partners, Club degli Investitori, and Business Angels.
ExoLab Italia, a biotech company, raised €5m in a Series A round from dsm-firmerich venturing, CDP Venture Capital, Linfa, and Maia Ventures.
TimeFlow, an IT-supplier management company, raised €4m in a Early-stage round from Vertis, Azimut, CDP Venture Capital, Growth Engine, FNDX, and Duccio Vitali.
Drivesec, an IOT cybersecurity startup, 🇮🇹raised €3m in a Series A round from LIFTT and Levante Capital.
VST Srl 🇮🇹raised €3m in a Early-stage round from ENEA Tech and Biomedical Foundation.
Focoos AI, an AI-vision startup, 🇮🇹raised €2.65m in a Seed round from Galaxia, CDP Venture Capital, PiemonteNext, VC Partners SGR, Vertis SGR, Vento, and Exor Ventures.
Reading this week📚
🇮🇹An interview with Marco Trombetti | La Repubblica.
Tether Investments Announces Strategic Minority Stake in Juventus Football Club - Tether.io.
ClubDeal Digital and LUISS 🇮🇹launched a crowdfunding porta🇮🇹 for LUISS alumni.
The VeM - Venture Capital Monitor is out.
We are not replacing existing humans with bots, nor are we replacing unborn humans with bots. Rather we are replacing never-to-be-born humans with bots
(and, somewhat related - New junior devs can’t actually code?)
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Ending Notes📝
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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.
Great roundup, Niccolò! Exciting to see the momentum in the Italian startup scene, Newronika’s Series B is especially impressive. Also interesting to see Tether making moves in football. Looking forward to hearing you and Giacomo break it all down in the next podcast