The Week in Italian Startup

EssilorLuxottica acquired French Startup Pulse Audition for Smart Glasses Tech. | Glass AlmanacVertis 🇮🇹announced Vertis Venture 6 Digital Sud, a new early-stage fund investing in the digital transition in Southern Italy. Wellhub acquired FitPrime. According to Zest’s 🇮🇹announcement, Wellhub paid €50m (half cash, half shares) for the company. Tes Pharma announced a €5m extension of its Series A fi...

AutoConnexa, an insuretech startup, raised €2.2m from CDP VC and business angels. Kinsect, a startup producing insect-based sustainable proteins, 🇮🇹raised €1m from Farming Future, Terra Next, Agrox, Forest Valley. Restworld, a company matching demand and supply for work in the hospitality and restaurant sectors, 🇮🇹raised €650k in equity and €350k in debt. Day Ristoservice led the equity round. Mon...

Volta, a French / Italian Shopify for B2B transactions, raised €6m in a pre-seed round led by Emblem and participated by Robin Capital, Founders Future, Sequoia, a16z, Exor, and Ithaca. Reefilla, a start-up that develops energy storage and mobile power generation solutions also based on second life batteries, announced a new €4.5m round from CDP Venture Capital, HCapital, Azimut, Motor Valley Acce...

Cardo AI, a fintech startup, announced a $15m Series A funding co-led by Blackstone, FINTOP Capital and JAM FINTOP.Eye2Drive, a startup developing imaging sensors for the automotive sector, 🇮🇹raised €1.5m from RoboIT, Pariter Partners, Motor Valley Accelerator, and Toscana Next. Discentis, an edtech startup, 🇮🇹raised €250k from Social Fare and La Lucerna. Outdoora, a “SocialARTvertising” startup,...

Naturbeads , a UK-based startup developing cellulose microbeads,  raised  a £7.8m round led by Eos Advisory and participated by Progress Tech Transfer, CDP VC, PI-NB, and Paragon Capital Management. LIFTT  joined  a €12m round in Berlin-based medtech startup Mediaire. CDP VC  invested  in Rubedo Life Sciences, a US-based startup that raised a Series A round back in April. Rubedo announced the open...

Satispay , a payment-tech startup, 🇮🇹 raised  €60m in a round participated by existing investors Addition, Greyhound Capital, and Lightrock. Restorative Neurotechnologies , a startup developing solutions for cognitive rehabilitation, 🇮🇹 raised  €4m in a round led by Fondazione Enea Tech and Biomedical, and participated by CDP VC, IAG, Mm Partecipazioni. Octostar , an Irish-Italian cybersecurity st...

Resalis Therapeutics raised an undisclosed amount from Sanofi. Tau Group raised €1.5m from MiTo Tech Ventures in a Series B extension. Nuvola Zero, a foodtech startup, 🇮🇹raised €1.4m from Azimut and crowdfunding investors. Waxy, a clean tech startup, 🇮🇹raised €1.35m from CDP VC, Granarolo, and Sud Speed Up. Movenzia, a mobility startup, 🇮🇹raised €1m from Finint Investments and business angels.

xFarm Technologies   raised  €36m in a round led by Partech, with Mouro Capital and existing investors Swisscom Ventures and United Ventures participating. AIKO , a space-tech startup,  raised  €3.5m from Deep Blue Ventures and Primo Ventures. WithLess , a software management startup,  raised  €3m in a seed round led by Primo Ventures and participated by Apside, Zest, B-Heroes, and other angel inv...

Lifeed , an edtech startup, 🇮🇹 raised  3.5m from CDP VC, Opes Italia Sicaf Euveca, SEFEA Impact SGR, and Impact Ventures. Foreverland , a food-tech startup,  raised  €3.4m in a syndicated round that included Exor, 2100 Ventures, Moonstone, Grey Silo Ventures, and others. INVENTIO , the developer of an AI solution for industrial environments, 🇮🇹 raised  €555k in a preseed round participated by Club...

D-Orbit, a spacetech company, 🇮🇹announced the completion of the Series C from December 2023. The company raised a total of €150m in the round. Genespire, a biotech company, raised €46.6m in a round co-led by Sofinnova Partners, XGEN Venture and CDP Venture Capital forming a strong syndicate with Indaco SGR.JetHR, a HR-tech startup, raised €12m in a round led by Picus Capital. Existing investors Ex...

BizAway, a traveltech company, raised €35m from Mayfair Equity Partners. Hlpy, a roadside assistance startup, 🇮🇹raised €18m in a round led by Nextalia SGR and Alkemia Capital, with previous investors The Techshop, CDP VC, and Simest joining the round. Ephos, a startup developing glass-based photonic circuits for quantum computing, raised $8.5m in a round led by Starlight. Young Platform, a crypto...

Intrauma, a developer of orthopedic medical devices, raised €10m from FITEC II.Renewcast, a renewable energy forecasting startup, raised €2m from CDP VC and South Western Power Group. Treeblock, a corporate sustainability startup, 🇮🇹raised €500k from business angels. Syllog.ai, am AI-powered corporate learning startup, 🇮🇹raised an undisclosed amount from 40jemz and Techaround VC.Dronus, a drones s...

SkillVue, an AI-based HR-tech startup, raised €2.5m in a round led by Italian Founders Fund and 14peaks. Involve Space, a space-tech startup, raised €2.5m in a round led by Earlybird. IdentifAi, a Milan-based startup developing a technology to identify AI fakes, raised €2.2m in a round led by United Ventures. Pelomatto, a home grooming service for four-legged friends, 🇮🇹raised €430k in an angel ro...

Wise , a neuro technology startup,  raised  €25m in debt and equity in a round led by Wallaby. The EIB provided the debt facility. Rotonium , a quantum-tech startup,  raised  €1m from CDP VC and Obloo. Spiagge.it , a travel-tech startup, 🇮🇹 raised  €1m from CDP VC. Syrto.ai , a company intelligence startup, 🇮🇹 raised  €580k from a syndicate of investors including Zest. Alps Blockchain , a bitcoin-...

HBI, a cleantech startup focusing on industrial waste, 🇮🇹raised €15m in a round led by CDP VC through its Green Transition Fund. CyLock, a cybersecurity startup, raised €0.5m in a round led by Scientifica VC.Ohoskin, a sustainable textiles startup, 🇮🇹raised €300k in a round led by Motor Valley Accelerator. Atlas SGR announced the first closing of Atlas PMI Destinazione Futuro and Atlas AI Fund I.C...

Cubbit , a distributed enterprise storage startup,  raised  $12.5m in a round led by ETF Partners and LocalGlobe, with participation from existing and new investors including Primo Ventures, CDP VC, 2100, Azimut, Growth Engine, and Moonstone. Subbyx  🇮🇹 came out of stealth  with a €5.5m pre-seed round. Illuminem , a data-for-sustainability startup, 🇮🇹 raised  €2m from Techstars, Blackwood Venture,...

Muffin, a fintech startup, 🇮🇹raised €3.2m from a syndicate of business angels. Recornea, a medtech startup, 🇮🇹raised €150k in a round led by Scientifica Venture Capital. PhotonPath announced an undisclosed round. Axelera AI, a Netherlands-based AI-chip design company led by Fabrizio Del Maffeo, raised $68m. CDP VC also participated in the round. Terna Forward invested in Spain-based Unusuals. Yolo...

Avaneidi , a cybersecurity startup,  announced  an €8m Series A funding round from United Ventures. Brandplane , an AI-driven marketing startup, 🇮🇹 raised  460k from StyleIT, CDP VC, and business angels. Recuperiamo , a circular economy startup, 🇮🇹 raised  460k from SICI Sgr, Impact Hub, XEquity Venture Club, and other business angels. Hubique , a proptech startup, 🇮🇹 raised  an undisclosed amount...

iGenius, a GenAI startup, announced the goal to raise €650m in funding. The round is open, but Angel Capital Management and Eurizon Asset Management have already invested. The premoney is +€1Bn: finally, Italy has its GenAI unicorn. Aidexa, a fintech bank, 🇮🇹raised €16m. Cube Labs, a publicly listed, life science-focused venture incubator, 🇮🇹announced a new share issue to raise up to €5m in fresh...

BetaGlue , a clinical-stage radiotherapy company,  raised  €8m in a round led by Neva SGR, with participation from LIFTT and FinPosillipo. Sibill , a treasury management startup,  announced  a €6.2m round from Keen Venture Partners, Exor Ventures, and Founders. Talet-E , a startup offering a kit to electrify scooters, 🇮🇹 raised  €2.6m (€1.7m in debt, €0.9m in equity from RA.MO.CAR, a family office...

Revolv.space , a space tech startup,  raised  €2.6m from Primo Space and Takeoff. Zefi.ai , a SaaS for collecting user feedback,  raised  €1.6m from 360 Capital, 14Peaks Capital, B-Heroes, BIT, Secways, Aticco Ventures, Growth Engine, Vento and Halo. Micthera, a biotech startup,  raised  €1m from Indaco Venture Partners. IAG and Italians in VC partners  invested  in XTRA, a digital health startup...

Futura , a Milan-based edtech startup,  raised  a €14m series A round from Eurazeo, United Ventures (already an investor), and Axon Partners Group. Loquis , a travel podcasting startup,  raised  €3.78m from P101, Innova Venture, PiCampus, and CDP VC. Checksig , a crypto custody and trading startup, 🇮🇹 raised  €2.7m from undisclosed investors. J4ENERGY , a climate-tech startup, 🇮🇹 raised  €1m from...

Cryptosmart , a crypto exchange, 🇮🇹 raised  €3.5m and announced the acquisition of IBX AG, a bitcoin mining company. BOEM , a startup launching a low-alcohol drink, 🇮🇹 raised  €3m from LMDV Capital, an existing shareholder. Lithium Lasers , a deep-tech startup specializing in femto-lasers,  raised  €2m from Primo Space and 360CP. Primo Space also invested €1.1m in  Ecosmic , a space-tech startup....

Cosmico , a talent-tech startup, 🇮🇹 raised  €4m from Prana Ventures, 40Jemz, Intesa Sanpaolo, and business angels. LIFTT  joined  the $26m round raised by Evergreen Theragnostics, a life sciences startup. CDP Venture Capital  launched  Frontech Accelerator, with Algorand and Microsoft as technical partners Visma  acquired  Fiscozen: exit for United Ventures and Keen Venture Partners. The first qua...

Tes Pharma , a biotech company, 🇮🇹 raised  €10m from XGen Venture. FidoCommercialista , a tax-tech startup, 🇮🇹 raised  €1.2m from 40Jemz Ventures, X-Equity Venture Club, i3Charter, Alecla7, and Vesper. Kilogram , a food-tech and wellness startup, 🇮🇹 raised  150k from Archangel AdVenture. Proxima Fusion , a nuclear fusion startup based in Germany,  raised  €20m. The startup is a spin-out of the Max...