TWIS #240
Valuematic, Nlcomp, Klear, and others raised funding. Sesa acquires a company in the Netherlands. Axelera AI secures a €61.6m grant.
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 💰
Valuematic, a cloud optimization startup, 🇮🇹raised €850k in an Early-stage round from CDP Venture Capital SGR, Progress Tech Transfer, and Toscana Next.
Nlcomp, a composite materials startup, 🇮🇹raised €600k in a Seed round from Samer & Co Shipping, CDP Venture Capital SGR, and Zest.
Klear, a fintech startup, 🇮🇹raised €500k in a Pre-seed round from Business Angels.
Searcode, a consumer electronics startup, 🇮🇹raised €400k in a Early-stage round from Intesa Sanpaolo.
Relief, a medtech startup, raised an undisclosed amount in an Early-stage round from Panakès Partners SGR, Vento, and Club degli Investitori.
The Money 💰 - International edition
Axelera AI Secures up to €61.6 Million Grant to Develop Scalable AI Chiplet for High-Performance Computing | BusinessWire
M&A🥩
Sesa 🇮🇹acquired a majority stake in Netherlands-based InnoFour.
Reading this week📚
Startups backed by the EU’s Framework Programmes | Dealroom.co.
Welcoming the 2025 Class of the Techstars Transformative World Torino Accelerator.
🇮🇹Italy approved a new law about space investments | MilanoFinanza.
🌟Jobs in Italian Startups🌟
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Startup Events in Italy🎪
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Latest events added:
Fundraising Tracker 📈
We broke €200m in February.
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.