TWIS #257
Exein, Tulum Energy, BusForFun, and several others raised funding. Another acquisition for Bending Spoons.
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.
Actually, this issue recaps the last 2 weeks, since I took a few days off last week.
The Money 💰
Exein, a cybersec startup, raised €70m in a Series C round from Balderton, Supernova, Lakestar, 33N, United Ventures, and Partech.
Tulum Energy, a clean-tech startup, 🇮🇹raised €27m in a Seed round from CDP Venture Capital SGR, TDK Ventures, MITO Tech Ventures, and Doral Energy Tech Ventures.
BusForFun raised €4.4m in a Growth round from Equiter, Intesa Sanpaolo, and FNM.
Toduba, a welfare startup, raised €3.5m in a Growth round from P101, CDP Venture Capital SGR.
GetPica 🇮🇹raised an undisclosed amount in a Early-stage round from PranaVentures, CDP Venture Capital SGR. The company reports it raised 5m since Covid.
Live Story 🇮🇹raised €2.7m in a Seed round from Vertis.
PlanEat, a food-tech startup, 🇮🇹raised €2.7m in an Early-stage round from StarTip, Mercurio Holding, HB4, and Sefea Impact.
RarEarth, a clean-tech startup, 🇮🇹raised €2.6m in a Series A round from Primo Capital, MITO Tech Ventures, Corbites Fund, Vento Ventures, and COREangels Climate.
Weebora raised €1.3m in a Pre-seed round from business angels.
Displaid 🇮🇹raised €1.2m in a Seed round from Club degli Investitori, Growth Engine, Sensible Capital, CDP Venture Capital, Plug and Play Tech Center, and ELIS.
Barberino's raised €1.2m in a Growth round from Strategic Brand Investments and Saujet Holdings.
HEU raised €1.1m in a Seed round from Fil Rouge Capital, Fin+Tech, CDP Venture Capital SGR, Zest, Startupbootcamp, Credem, Nexi, and Lazio Innova.
Metrikflow 🇮🇹raised €565k in a Pre-seed round from Apside and Zest.
Plantvoice 🇮🇹raised €500k in a Seed round from Gemma Venture, Creazione Impresa, and Salvi.
Relicta 🇮🇹raised €400k in a Seed round from 20Fund, Vertis, Scientifica Venture Capital, and Terra Next.
The Money international💰🌎
Italians doing stuff abroad!
Chloris Geospatial (US-based) raised €8.5m in a Series A round from Future Energy Ventures, AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures.
NUCLIDIUM raised €79m in a Series B round from Angelini Ventures, Kurma Growth Opportunities Fund, Wellington Partners, Neva SGR, DeepTech & Climate Fonds, Bayern Kapital, Eurazeo, Vives Partners, NRW.BANK, and HighLight Capital.
ScienceMachine (UK-based), an AI startup, raised €2.9m in a Pre-seed round from Revent, Nucleus Capital, and Juniper.
M&A 🥩
Bending spoons 🇮🇹acquired MileIQ.
Zucchetti 🇮🇹completed the acquisition of AWMS.
Reading this week📚
10 Italian startups fighting cybercrime | La Repubblica.
Watching this week🎥
An interview with Gianluca Dettori, Chairman at Primo Capital | Chapeau Media.
Italy’s startup ecosystem is misunderstood. | Andreas Munk Holm.
An interview with Luca Ferrari, founder at Bending Spoons | A CAPO.
🌟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!
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Startup Events in Italy🎪
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Fundraising Tracker 📈
Almost!
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.