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. Summer is (mostly) behind us and the news machine has started grinding again. Let’s dive into what happened in the last few weeks.
This issue is supported by AWS for Startups
The Money 💰
Exein, a cybersecurity company, raised $270m in a Growth round from Headline, Sofina, Goldman Sachs, European Investment Bank, KfW Capital, T.Capital, Balderton, HV, Intrepid Growth Partners, 33N, Lakestar, Supernova Invest, Blue Cloud Venture, and Geodesic Capital.
JustSolve, a debt collection startup, raised €3.7m in a Pre-seed round from Base10 Partners, Entourage, 2100 Ventures, Vento Ventures, and Ithaca.
Iusful, a legaltech startup, raised €2m in a Pre-seed round from Italian Founders Fund, United Ventures, Alecla7, Vento Ventures, Vesper Holding, and Ithaca.
Dalfilo, an ecommerce startup, 🇮🇹raised €2m in a Early-stage round from 035 Investimenti.
BlendX, an innovation intelligence platform, 🇮🇹raised €600k in a Seed round from StyleIT, Hungry4impact, ELIS Innovation Hub, and Gruppo Ebano.
Flottando, a fleet management startup, 🇮🇹raised an undisclosed amount in a Pre-seed round from HFGA Investment Holding.
The Money International💰🌍
MMI (Medical Microinstrument, Inc.), a US-based medtech startup, raised €17m in a Series B round from Angelini Ventures, and European Investment Bank.
Health Force, a Barcelona-based startup 🇮🇹raised €4.2m in a Seed round from Lumo Labs, Target Global, Calm/Storm Ventures, Next Tier Ventures, and Milan-based Step Fund.
Ferm Labs AG, a Zug-based foodtech startup, 🇮🇹raised €3m in a Seed round from CDP Venture Capital, Fund F, Redstone, Alpine VC, and Gruppo Loacker.
M&A 🥩
Bizaway raised financing for €10m from BBVA and acquired Uniglobe Alliance Travel.
Lexroom acquired Brocardi.it.
New funds💫
Primo Capital launched Primo Biotech Lazio fund.
Loacker is investing one million euros a year in a selection of start-ups as part of a Corporate Venture Capital strategy.
Reading this week 📚
🇮🇹A profile of Mirai Robotics | Ciclolavoro.
Renzo Rosso 🇮🇹took over Cortilia.
Hackers compromised multiple Italian law enforcement departments and targeted Revolut to release sensitive customer data:
🤯
(here’s the ICONIQ report, in case you are interested)
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!
New this week:
Tech Investment Banking Junior Analyst at Growth Capital S.r.l.
Tech Investment Banking - Junior Legal Counsel at Growth Capital S.r.l.
Tech Investment Banking Junior Analyst at Growth Capital S.r.l.
Startup Events in Italy🎪
Keep an eye on the upcoming events in the Italian ecosystem. Feel free to add an event through this form.
Fundraising Tracker 📈
Ending Notes📝
Don’t forget to check out the TWIS dashboard for the latest updates.
If you want to know more about sponsoring TWIS (and/or the podcast episodes), read some info here and send me a note!
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.











