TWIS #262
Ulisse Biomed, Tot, Astradyne, Hodli and Yeastime raised funding. Bending Spoons acquired Vimeo. Nozomi Networks sold to Mitsubishi Electric.
Hello,
Welcome back to The Week in Italian Startups, in a shortened summer version. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.
The Money 💰
Ulisse Biomed 🇮🇹raised €10m in a Growth round from Global Corporate Finance.
Tot raised €7m in a Early-stage round from CDP Venture Capital, Azimut group, The Techshop, X-Equity Venture Club, ClubDeal Digital, Banca Sella, Chapeau Media, Happy2C, Paolo Galvani, and Gianluca Cocco.
Astradyne raised €2m in a Seed round from Primo Capital, Galaxia, Obloo Ventures, Eureka! Fund I – Technology Transfer, and Puglia co-investment fund.
Hodli 🇮🇹raised €1.05m in a Seed round from Federico Zambelli Hosmer, Piero Crivellaro, Matteo Tamagno, Timothy Cosulich, Stefano Ceci, and Martina RE S.p.A.
Yeastime 🇮🇹raised €850k in a Seed round from Farming Future, ToSeed & Partners, EIT Food, and Business Angels.
The Money - Italians abroad 🌎
Proxima Fusion 🇮🇹raised €15m in an extension to its Series A round. CDP Venture Capital joined in this extension.
CUTISS raised CHF56m in a Series C round from existing and new investors.
Eloquent AI raised €7.4m in a Seed round from Foundation Capital, EJF Ventures, Duke Capital Partners, Zeno Ventures, and Y Combinator.
Agate Sensors 🇮🇹raised €5.6m in a Seed round from Voima Ventures and LIFTT.
M&A 🥩
Bending Spoons acquired Vimeo
Matica Fintec acquired Panini.
Multiversity 🇮🇹acquired Law Camp.
Mitsubishi Electric acquired Nozomi Networks
Reading this week📚
The Cloud 100 Benchmarks Report 2025 | Bessemer.
ITA’s Venture Academy is back
Starting October 1, 2025, Italian Tech Alliance launches the sixth edition of the Venture Academy. Until December 17, participants will attend 12 online sessions held every Wednesday (12:00–14:00 CET), plus 3 in-person special lessons in Turin (Opening), Rome, and Milan (Closing). Applications are open until September 26 EOD via the application form available on this page, where you can also download the full program. The Opening Lesson will be hosted as a side event of Italian Tech Week in Turin and will be free to attend for non-enrolled participants, subject to seat availability (register here).
🌟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!
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:
Italian Tech Week (note: I’ll be there)
BSUP #27 - Datapizza: costruire un'AI Native company da zero
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.