TWIS #251
Moneyfarm, Lever Bio, and Wetacoo raised funding. New funds from Novaterra and Futura SGR. Emanuele Levi is the new CEO of CDP Venture Capital.
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 💰
Moneyfarm, a wealth management company, raised GBP 10m in a Growth round from Poste Italiane and Allianz.
Lever Bio, a biotech startup, raised €4m in a Seed round from Claris Ventures.
Wetacoo, a storage & delivery startup, 🇮🇹raised €3.4m in a Series A round from VC Partners, Zest, and CDP Venture Capital SGR.
New Funds 💫
Novaterra: an evergreen capital holding company, was officially announced.
Futura SGR’s first fund 🇮🇹reached the first closing at €30m.
Reading this week📚
Emanuele Levi 🇮🇹is the new CEO of CDP Venture Capital SGR.
Mary Meeker’s new report on AI trends.
Building your company’s first forecast model | Mercury.
Watching this week🎥
An interview with Marco Trombetti: Is Europe Back in the AI Race? | CGTN Europe.
An interview with Andrea Di Camillo on the current state of Italian VC | Sky.
🌟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 jobs positions:
Investment Analyst at Primo Capital SGR SpA: come join our climate-tech team!
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:
Fundraising Tracker 📈
With only €49.5 million worth of funding rounds announced, May was the slowest month of the year so far. This is still better than in 2024, although May is generally not a month for many announcements.
Ending Notes📝
Don’t forget to check out the TWIS dashboard for the latest updates.
If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!
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.