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TWIS #229
Nexting, Tau Group, Suprema, and others raised funding. Scientifica VC announced a new €200m fund. FitPrime acquired by WellHub.
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 💰
Nexting, a sporttech startup, 🇮🇹raised €2.06m from CDP, Apside, and other investors.
Tau Group raised a €20m venture debt loan from the EIB.
Suprema, a startup developing superconducting tapes, raised €900k from Tech4Planet.
Normo.ai, a tax copilot for professionals, raised €250k from Pertile Venture and business angels.
Atlas SGR 🇮🇹announced their first 8 investments.
New Funds💫
Scientifica VC 🇮🇹is planning to raise a €200m fund.
M&A🥩
Wellhub acquired FitPrime. According to Zest’s 🇮🇹announcement, Wellhub paid €50m (half cash, half shares) for the company.
LimoLane 🇮🇹acquired a stake in First Travel.
Reading this week📚
Q3 2024 Italy Market Snapshot | PitchBook
The Italian (Ed)tech ecosystem | BrightEye VC
10 early-stage startups shaping Milan’s future (feat. portfolio companies Qomodo and Withless, also featured in this Millionaire article on fintech startups).
An 🇮🇹analysis on the fintech and insuretech markets in Italy | Osservatori.
The story of The Rock Trading did not end well: the company directors 🇮🇹were arrested on charges of bankrupcy and misappropriation of €66m in crypto assets.
🌟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!
Startup Events in Italy🎪
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Fundraising Tracker 📈
Ending Notes📝
Don’t forget to check out the TWIS dashboard for the latest updates.
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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.
Have a great week,
N.
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The week in Italian startups is a weekly collection of the most interesting news from the Italian startup ecosystem, with a focus on funding rounds, milestones, major partnerships, and innovation news.