TWIS #241
Valo Therapeutics, Matix, Lexroom, and others raised funding. Exit for Competitoor, and a new acquisition for Cyber Guru. Vento announced a new €75m fund for Italian entrepreneurs.
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 💰
Valo Therapeutics Oy, an immunotherapy startup, raised €19m in a Growth round from Indaco Venture Partners, CDP Venture Capital SGR, Fondazione ENEA Tech e Biomedical, and Freeman Road.
Matix, a hardware startup, 🇮🇹raised €2.1m in a Seed round from auxiell, B-Heroes, and Business Angels.
Lexroom.ai, an AI legal-tech startup, raised €2m in a Seed round from Entourage, Verve Ventures, Banyan Ventures, Vento, X-Equity, and FNDX.
Biorsaf, a food safety startup, 🇮🇹raised €1.4m in a Early-stage round from Maia Ventures, Farming Future, CDP Venture Capital SGR, ToSeed & Partners, and Toscana Next.
The Money 💰 - International edition
Augmenta, an automated building design platform, raised $10m in a Seed round from Prelude Ventures, and Montage Ventures.
Neuromod Devices Ltd. raised €10m in a Series B round from Fountain Healthcare Partners, Panakès Partners.
Vantis, a Munich-based healthcare company, raised €10m in a Series A round from Angelini Ventures, Bayern Kapital, Twip Impact Ventures, firstminute, and b2venture.
Jaipur Robotics 🇮🇹raised €800k in a Pre-seed round from Swiss investors.
New Funds 💫
M&A🥩
Deda Stealth acquired a majority stake in AI-based pricing platform Competitoor.
Cyber Guru acquired Mantra.
Cobo 🇮🇹acquired Feelera.
Reading this week📚
Project Europe, a new early stage fund, will back under-25s with $200K to build the next tech titan.
🇮🇹Ten Italian startup developing defense-tech.
Quantified: The Brutal Reality of Raising (Pre-)Seed Funding in Italy | LinkedIn.
Matteo Sarzana 🇮🇹is the new Airbnb country manager for Italy and South-East Europe.
🌟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!
Latest positions:
Sales Development Representative Automation Specialist at Akamas.
Startup Acceleration Expert, Scouting & Deal Flow at SocialFare.
Startup Acceleration Expert, Operations & Program Management at SocialFare.
Startup Events in Italy🎪
Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.
Latest events added:
Planet Foundamentals 2025 | Planetary Health: Innovating for a Regenerative and Inclusive Future | The new open call for social impact startups by SocialFare.
Fundraising Tracker 📈
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.