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 💰
Carol, a digital health startup, 🇮🇹raised €6.5m in a Growth round from Futura SGR and P101 SGR.
Rara Factory, a startup applying AI to finding novel materials and compounds, 🇮🇹raised €3.2m in a Seed round from Primo Capital, CDP Venture Capital, and Alberto Baban.
Small Pixels, an AI-based video enhancement startup, raised €1.67m in a Early-stage round from Match Ventures SCSp, Frontech s.r.l., National Technology Transfer Center for AI & Cybersecurity, and Fondo Toscana Next.
Bricks.sh, a AI-first admin panels builder for non-tech teams, raised €1.6m in a Pre-seed round from Primo Capital, Octopus First Cheque Fund, Eden Ventures, Vesper Holding, and Vento.
Butterfly Decisions, a decision support platform, 🇮🇹raised €1.2m in a Early-stage round from Vertis SGR, CyberXcelerator, and business angels including Maria Grazia Campanile.
Liv4, an AI-assisted process monitoring startup, 🇮🇹raised €0.5m in a Pre-seed round from Bernhard Konzet, Claudio Ognibene, Sean Milloy, Giovanni Giunchedi, Intesa Sanpaolo, and Banca d'Imola.
The Money - Italians in the world 🌎
Klearly raised €12m in a Series A round from PayPal Ventures, Italian Founders Fund, Global PayTech Ventures, Antler Elevate, and Shapers.
M&A🥩
Starting Finance 🇮🇹acquired Talkin Pills.
Reading this week📚
🇮🇹According to the EY Venture Capital Barometer, the Italian VC market reached almost €1.5b. The bottom line: Italy is growing but still lags behind its European peers.
AI Agents Map (already too many of them?).
🇮🇹A brief history of Muscope | StartupItalia (spoiler: Primo Capital is the unmentioned Italian fund 😁).
Primo Perspectives: 🇮🇹why decarbonization needs new materials | Primo Capital.
Vado 🇮🇹entered into a partnership with Nexi to digitalize vending machine payments.
The AI revolution is here. Will the economy survive the transition?
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🎪
Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.
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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.
N.