The Week in Italian Startup

BookRepublic , a digital e-book library,  raised  €1.5m from Mondadori, with a commitment for an additional €1.5m investment in 2025. They two will launch Narae, a joint venture focused on webnovels. NExT , a modular electric vehicles startup, 🇮🇹 raised  €1.25m from Cysero. Amalia Care , a health-care startup, 🇮🇹 raised  €1m from Personae (a CDP-powered accelerator), A|Impact, Social Fare, and bus...

Casavo 🇮🇹raised so far €19.5m out of the €30m in convertible debt as it executes its turnaround plan. Nouscom raised an additional €7m into its Series C round (see TWIS #178) from Angelini Ventures. AION Tech, an API orchestration startup, 🇮🇹raised €1.3m from AATECH SPA SB. StepsConnect, a recruiting-tech startup, 🇮🇹raised €1m from a syndicate of investors including 40Jemz Ventures, Eden Ventures,...

Wesii, a company deploying drones to monitor critical infrastructure, 🇮🇹raised €2.8m from Terna Forward and DXT Commodities sa. Cynomys, a Precision Livestock Farming startup, raised €2.1m in a seed round participated by Farming Future, dsm-firmerich Venturing, Levante Capital, SVG Ventures, Plus9, in addition to previous investors. TalentWare, a talent management startup, raised €800k in a pre-se...

Kurbs Orbital, a space-tech startup, 🇮🇹raised €3.7m in a round led by Otb Ventures, joined by Credo Ventures, Galaxia, In-Q-Tel, and Inovo. This Unique, startup offering environmentally sustainable menstrual pads, 🇮🇹raised €0.5m in a bridge round by Ulixes Capital Partners, Moonstone, and Longevity Life Holdings. WAO, a proptech startup, 🇮🇹raised €0.8m in a preseed round from OneDay and business a...

Akuis, a fitness-tech startup, 🇮🇹raised €1.15m from ALIcrowd III (Azimut), Wemoove, and X-Equity (a club deal). The Italian government 🇮🇹approved a new allocation worth €150m to support investments in AI, 5g, and cybersecurity. H-Farm received a tender offer to be taken 🇮🇹private. One of the eldest of the Italian startup ecosystem reports is finally out: VEM 2023 A 78-page-strong report on the Ita...

Medical Microinstruments, a medtech company, raised USD 110m in a series C round led by Fidelity Management & Research.3D Nextech, a digital manufacturing startup, 🇮🇹raised €1.5m in a round led by EUREKA! Venture. CaSRevolution, a life sciences startup developing a therapy for Alzheimer's, 🇮🇹raised €1.3m in a crowdfunding round. Superfluid, an Ethereum-based token streaming protocol, raise...

Gabriele Venturi is founder of PandasAI, a Python library that adds Generative AI capabilities to pandas, the popular data analysis and manipulation tool. In this conversation, we dive deep into various topics related to AI, including the impact of AI on data analysis, the democratization of data analysis, the role of open source vs. closed source in AI, and the business model and sustainability o...

Daze , a startup developing smart chargers for electric vehicles, 🇮🇹 raised  €15m in a Series A round led by CDP VC, with the participation of EIC Fund, Founders Future, and Prana Ventures. GuidoIo , an edtech startup, 🇮🇹 raised  €700k from 360Cp, Growth Engine, and Vesper Holding. Cloov , a fashion-tech startup, 🇮🇹 raised  €400k in a seed round. Bending Spoons  confirmed  the $155m funding round...

Sealence, a startup developing sustainable and innovative solutions for the marine industry, raised €7.5m in equity, debt, and grants. Underscore District, a fashion brands accelerator, 🇮🇹raised €4m in a round led by Kairos Ventures ESG One. Addax Biosciences, a biotech startup, raised €2.5m from Fintech Partners. Voidless, a packaging technology startup, raised €2.2m from CDP VC and 360cp. Okapi,...

Tau Group, an energy transition startup, raised €11m in Series B extension funding led by CDP Venture Capital and Santander Alternative Investments. Ventive, a consulting and investment firm for startups , 🇮🇹raised €2.4m from a syndicate of investors. Sikuro, a building site security startup, 🇮🇹raised €1m in a crowdfunding round led by Fleap Holding Spa and Azimut. Renewcast, an energy forecasting...

K-Sport World , a sport-tech startup,  raised  €5m in a round led by Rialto VC. Axyon AI , an AI fintech company,  raised  €3.9m in a round led by US-based VC firm Montage Ventures and accompanied by The Techshop SGR, alongside other angel investors. Doorway , a crowdfunding platform, 🇮🇹 raised  €1.76m in fresh capital from CDP VC, Angels4Women, and other business angels. Jampy , a startup develop...

FTNet , a sales-tech startup in the pharma sector, 🇮🇹 raised  €3m from angel investors. SPiN , a space-tech startup,  raised  €1.64m from Galaxia, ScientificaVC, and Lazio Innova, 1Control , a smart access startup, 🇮🇹 raised  €1m from CDP VC and Azimut Alicrowd II. Lexroom.ai , an AI-for-law startup, 🇮🇹 raised  €500k from business angels. Ticketoo , a secondary ticketing startup, 🇮🇹 raised  €400k...

D-Orbit  confirmed  the closing of the €100m announced back in November 2023 (seed  issue #177 ). Marubeni led, with Avantgarde, CDP VC, United Ventures, Primo Ventures, Neva SGR, Indaco Venture Partners, and Seraphim Space Investment Trust following. Contents.com , an AI-based content generation platform,  raised  USD$18m in a Series B round led by Alkemia Capital and Thomson Reuters Venture. SQI...

Resalis Therapeutics, a biotech startup, announced a €10m round led by Sunstone Life Science Ventures with participation from existing investors. Vitesy, a green-tech startup, 🇮🇹raised €3.2m from Doorway and business angels. Algor Education, an AI startup, 🇮🇹raised €1.4m from Emerge Education, Club degli Investitori, 40Jemz Ventures, and Gustaf Nordbäck. OhmSpace, a space-tech startup, 🇮🇹raised €1...

Unobravo , a mental health and wellbeing startup,  raised  an undisclosed growth round from Northzone, with the participation of H14. CDP 🇮🇹 sold  its stake in the startup, exiting its 2020 seed investment. Smartpricing , a revenue management software for hotels,  raised  €11m in equity and €2m in credit lines in a round led by Partech (through its new fund Partech Ventures, also invested by CDP)....

This episode features Tommaso Migliore, CEO of MDOTM Ltd. We cover a range of topics in AI including the impact of AI and Machine Learning in investment management and asset management, the rise of large language models like GPT-4, the democratization of AI and Machine Learning, and the differences between analytical and generative AI. It also delves into the evolution of AI in finance, challenges...

Milan-based company  WeRoad  has  secured  €18m in a Series B funding round to revolutionize group adventure travel for millennials. H14 led the funding. Banxware , a German fintech that offers embedded lending solutions, has  announced  a new Series A funding round of €15m. UniCredit, Fabrick, and existing investors such as 13books Capital, VR Ventures, D4 Ventures, and Force over Mass participat...

Aptus. AI, a Pisa-based reg-tech startup, raised €3m in a pre-Series A funding round led by Programma 103, an investment fund managed by P101 Sgr. The round also saw participation from business angels and Fin+Tech, the accelerator of CDP Venture Capital. Digital Magics 🇮🇹is preparing to launch Step Ventures (paywall).Walliance acquired Lymo, France's first crowdfunding platform. TestBusters 🇮🇹...

Nouscom, a clinical-stage immuno-oncology company, raised €67.5 million ($72 million) in an oversubscribed Series C financing round. The funding was led by Andera Partners, Bpifrance, and M Ventures, with participation from Revelation Partners, Indaco Venture Partners, Panakès Partners, XGen Ventures, and other undisclosed investors. Planet Farms, an Italian company specializing in controlled envi...

D-Orbit , a space-tech startup,  raised  over €100m in Series C funding, with Marubeni Corporation as the lead investor. Qomodo , a Milan, Italy-based provider of payment solutions to physical retailers,  raised  €34.5m in Pre-Seed funding. The investment includes equity and a credit line. ShippyPro , a shipping platform for commerce,  raised  $15m in a Series B round from Five Elms Capital. Dream...

MotorK , an automotive SaaS platform,  raised  a €5m debt facility from Atempo Growth. D-Orbit, 3Bee, and Nano-Tech are the three Italian startups to  receive  funding from the EIC Accelerator. Spesati , an e-groceries startup, 🇮🇹 raised  an undisclosed round of funding from Abbi Group and other investors. 2100 Ventures, a €30m investment vehicle by the Benetton family, was  officially unveiled ....

Wsense, a submarine connectivity startup, raised €9m from SWEN’s Blue Ocean and CDP Venture Capital SGR among others. Out Of, a sports glasses startup, 🇮🇹raised €7.6m in a crowdfunding round, participated among others by Azimut and Ferrari. NextAI, a conversational AI startup, 🇮🇹raised an undisclosed seed round from Digital Magics and Smart4Tech S.p. A.Cubbit signed a distribution agreement with E...

Aindo, a synthetic data startup, raised a $6m series A in a round led by United Ventures and participated by existing investor Vertis SGR. (note: the linked article includes the deck Aindo used to pitch the round.)Qapla', a Florence-based scaleup that develops solutions for e-commerce management, 🇮🇹raised €5m in a Series A round. The funding was led by BlackSheep, with participation from CDP V...

Soul-K, a food-tech startup, 🇮🇹raised €20,5m in equity (€13m) and debt (€7.5m) from CDP Venture Capital, LIFTT, Azimut, Simest and existing investors (Innogest, Tan food, Levante Capital SIS). BancaTer acted as the debt provider. BonusX, a startup helping customers receive tax and other bonuses, 🇮🇹raised €3.2m from Giant Ventures, Exceptional Ventures, 2100 Ventures, and business angels. Zakeke, a...

The Circle, an agritech startup, 🇮🇹raised €2.1m from Opes Italia and Sparviero Holding. Hercle, a Milan-based trading startup in the crypto world, 🇮🇹raised €1.7m in a seed investment round. The funding was led by Prana Ventures and Kairos Partners Sgr, with participation from business angels. Test1, a cleantech startup, 🇮🇹raised €1.7m from LIFTT, a|impact – Avanzi Etica sicaf, Selected Investments...