TWIS #297
WeRoad and Deeptree raised funding. Newcleo to go public in a SPAC deal.
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 💰
WeRoad, a travel-tech startup, raised €58m in a Series C round from Airbnb and H14.
Deeptree, a fintech startup, 🇮🇹raised €2m in a Seed round from CDP Venture Capital.
New Funds💫
🇮🇹Djungle Brigde: a new secondaries fund for Series A+ startups that did not manage to scale.
IPO 🥂
Newcleo to go public in a SPAC deal, merging with NewHold Investment Corp III.
Reading this week📚
An 🇮🇹interview with Gianluca Dettori (Primo Capital) about the impact of AI in the enterprise. | Innlifes.
Jobs in Italian Startups🌟
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New this week:
Startup Events in Italy🎪
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New 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.
N.
I was looking at the SPAC path Newcleo is taking, and I'm glad to see a more direct, "American" approach to the markets here. For a capital-intensive, pre-revenue deep-tech company, it seems worth trading more scrutiny for the speed and room to grow over the next stretch. Do you think it will become a more viable route for European startups over time?
Also some interesting takes from Mr. Dettori's interview, but the comment would become too long :).