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 💰
Bending Spoons raised USD $270m in a Growth round from T. Rowe Price, Baillie Gifford, Cox Enterprises, Durable Capital Partners, and Fidelity.
Hercle, a crypto infrastructure startup, raised USD $10m in a Growth round from F-Prime.
RedCarbon, a cybersecurity startup, raised €3m in a Series A round from Azimut Venture Capital Digitech Europe, Diapason Prime, and FND XI.
M&A🥩
Bending Spoons to acquire AOL following $2.8B debt financing.
Keyless to be Acquired by Ping Identity.
Reading this week📚
What is Bending Spoons? Everything to know about AOL’s acquirer | TechCrunch/
An 🇮🇹interview with Gaia Salizzoni, founder of hale (video).
Cortilia 🇮🇹accelerates its growth | Repubblica (paywall).
Intesa San Paolo, Fondazione Compagnia di San Paolo, and Fondazione Cariplo to join the Scaleup Europe Fund.
Polymarket ban in Italy: ADM blacklists the website.
State of Subscription Apps 2025 | RevenueCat.
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.
New events added this week:
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.