TWIS #288

Trifoglio (PopWash), Subbyx, Dronus, and Foreverland raised funding. A new Poli360 fund announced by 360 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.

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The Money 💰

• Trifoglio, a startup operating in the carwash space, 🇮🇹raised €30m in a round from various investors including Luca Pretto and Paolo Frigati.

• Subbyx, a consumer electronics-as-a-service platform, raised €30m in a Series A round from Systemiq Capital, Azimut, and Flashpoint.

• Dronus, a startup developing industrial drones, 🇮🇹raised €15m in a Growth round from Algebris, Azimut ELTIF Venture Capital ALIcrowd III/IV, CDP Venture Capital, SIMEST, and Eni Next.

• Foreverland, a food-tech startup, raised €6m in a early-stage round from Kost Capital, Maia Ventures, CDP Venture Capital, Linfa agrifoodtech fund, and Newtree Impact.

New funds 💫

• 360 Capital announces €85M close for Poli360 2, targeting €100M.

Reading this week📚

• Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion.

• The Italian EdTech market is 🇮🇹worth €2.7bn and 11,000 employees.

• Lorenzo Pireddu 🇮🇹appointed managing director for Qonto Southern Europe.

• EDIH PRIDE 🇮🇹announced an innovation contest for Hitachi rails - calling for startups developing in the artificial intelligence and cybersecurity sectors

Listening this week 🔈

• A while ago I was interviewed by the good guys at UNICORNI podcast. Here’s our conversation about the current status of VC, how the job evolved in the last decade, unicorns vs dragoons and other mythical animals. In 🇮🇹Italian!

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🎪

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Fundraising Tracker 📈

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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.

N.