TWIS #244
Blubrake, Covision Media, GenomeUp, Next-Gen robotics, and others raised funding. Acquisitions for D-Orbit, K-Sport, and AATech.
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 💰
Blubrake, a bike-tech startup, 🇮🇹raised €12m in a Growth round from Algebris Climatech, Fundracer, and Tri-Star group, Growth Capital.
Covision Media, a 3D AI startup, 🇮🇹raised €5m in a Early-stage round from CDP Venture Capital SGR, Redstone, The Techshop, and Business Angels.
GenomeUp, a medtech startup, 🇮🇹🇮🇹raised €4.5m in a Early-stage round from The Techshop, CDP Venture Capital SGR, and OPES.
Next Generation Robotics, a robotics startup, 🇮🇹raised €4.5m in a Series A round from CDP Venture Capital SGR, RIF-T, Cysero EuVeca, Kilometro Rosso, Simest, Pariter Robotics, RoboIT, and Toscana Next.
Axyon AI, an AI-first asset management startup, raised €4.3m in a Growth round from CDP Venture Capital SGR, Green Sands Equity, Montage Ventures, Investment Opportunity 1, and SIMEST.
Collecto, a marketplace for fractional ownership of luxuriy goods, 🇮🇹raised €2.8m in a Seed round from Business Angels.
Arxax, a road transport decarbonization startup, raised €1m in a Seed round from CDP Venture Capital SGR, Zest, and EIT Urban Mobility.
Memori, a conversational AI startup, 🇮🇹raised €500k in a Seed round from TreCuori.
The Money International💰🌎
LIFTT has participated in a $10 million funding round raised by Lumai, an Oxford-based AI acceleration startup.
M&A 🥩
D-Orbit acquired Planetek.
K-Sport acquired Australia’s Sport Performance Tracking.
AATech acquired Opyn.
Reading this week📚
🇮🇹Investing in the future of Italy | TEHA+CDP Venture Capital.
Kobo Ventures 🇮🇹announced Scala, a growth fund for Italian SMEs.
Fon.Te and ENPAIA 🇮🇹invested in Linfa, an impact investing fund.
Watching this week🎥
An 🇮🇹interesting episode of PoP (Prima o Poi) featuring Stefano Bernardi of Unruly Capital.
A conversation between Giacomo Mollo and me around a research paper about the relationship between successful founders and personality traits.
🌟Jobs in Italian Startups🌟
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Startup Events in Italy🎪
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Fundraising Tracker 📈
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.