TWIS #296
Lexroom, Cosmico, Quantum Bridge Technologies raised funding. Anthropic to open a Milan office. Recordati to receive a 10.7B acquisition bid.
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 💰
Lexroom, an AI-first legaltech startup, raised USD$50m in a Series B round from Left Lane Capital, Base10 Partners, Eurazeo, Acurio Ventures, Entourage, and View Different.
Cosmico, an HR-tech startup, raised €12m in a Growth round from P101 SGR, and Prana Ventures.
Quantum Bridge Technologies, a quantum security startup, raised €8m in a Series A round from Primo Capital SGR, Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital.
K-Sport, a sports-tech startup, 🇮🇹raised an undisclosed amount in a round from Rialto EuVECA (AVM SGR), venture capital, high-net-worth individuals, and Zlatan Ibrahimovic.
The Money, Italians in the world 💰
Invertix, a Germany-based, AI-first, solar asset management startup, raised €1.7m in a Pre-seed round from Vireo Ventures, and Italian Founders Fund.
M&A 🥩
CVC, GBL launch €10.7 billion bid for Italian drugmaker Recordati.
Reading this week📚
Practices of European and American venture capitalists: homogeneity and heterogeneity at work | Small Business Economics.
Enrico Poli (Zanichelli Ventures) 🇮🇹on their investment in Gyver | EconomyUp.
FoolFarm 🇮🇹becomes an AI startup, abandoning its venture studio origins | StartupBusiness.
🇮🇹9 Italian business angels in Top 50 investors & lenders by Sifted | StartupBusiness.
Anthropic to open Milan office, expanding push into Europe | Reuters.
🇮🇹Sifted 100: Southern Europe, strong presence of Italian Life Sciences startups. | Innlifes.
AI Eats the World | Benedict Evans
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Ending Notes📝
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N.