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 Group acquired Kalibo Correduria de Seguros. Unguess acquired Ferpection. TeamSystem 🇮🇹acquired Change Capital. TXT Group acquired I MILLE and Uasabi. GeneralFinance acquired Workinvoice.

• 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 from Apside.

• Spill, a ready-to-drink-cocktails startup, 🇮🇹raised an undisclosed round from Vesper Holdings and other business angels.

• Talking about ready-to-drink cocktails… Also Mixum, another startup in the market, 🇮🇹raised an undisclosed round from Avvio Capital, Archimede Capital Partners, and other investors.

• Soplaya, a foodtech startup, 🇮🇹raised a new undisclosed round from Linfa, Finint Investments, and Kostanza Investments.

• Exor Ventures co-led a $8m Series A round in UK-based Sava.

• London / Milan / New York-based Xtribe agreed to go public through a business combination with WinVer Acquisition Corp.

• Spain-based NOBA Ventures joins the GELLIFY Innovation Factory.

• DGS S.p.A. acquired Ariadne Group.

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 capital.Almanax.ai, a crypto security startup, raised a pre-seed round from Defy.vc (amount undisclosed).CDP VC 🇮🇹invested USD 11m in Nozomi Networks, joining the company’s USD 100m Series E.Exor Ventures invested in Paris-based Zeliq, and in US-based Viaduct.Welcome to the Italian Founders Fund, a new €50m fund backed by Italian entrepreneurs.Riello Investimenti launched Linfa, an agrifood-tech fund with an initial commitment of €45m, and a €100m target.JOIN Capital officially announced the opening of its Italian office.Also, welcome to Kili Ventures, a pre-seed and seed fund aimed at African innovators.Intesi Group 🇮🇹acquired a minority stake in Verbalizza.com

• 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).

• Prem AI, a Switzerland-based AI startup, raised $14m in a seed round featuring several high-profile business angels and entrepreneurs.

• Accenture closed the acquisition of Customer Management IT and SirfinPA.

• iGenius introduced Italia, its First Open Foundational Italian LLM.

• 250 European Data Infrastructure startups and what we learned from them | MMC.

• InSilicoTrials won the prize of startup of the year for AI at the Startup Grind Global 2024.

• A navigator of Italian developer salaries, by role and seniority, by DataPizza.

• Unruly VC released a full dashboard of their investments. Bold move, and possibly the first I have ever seen.

• 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 based in USA.

• Rialto Ventures announced reaching €55m in capital raised. The fund has already completed 8 investments to date.

• A2A and 360 Capital 🇮🇹announced 360 Life II, a €200m climate-tech fund aimed at European startups.

• CDP VC announced VentureItaly II, its second fund of funds aimed at venture capital operators. According to the announcement, the FoF has a €500m target and has already received €475m from the Italian Ministry for Economic Development and CDP Equity. Since the first installment of the fund attracted 3X the capital deployed, we can hope this fund will mobilize €1-1.5b in additional capital for Italian startups.

• 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 RoboIT, Tech4Planet, and Pariter Robotics.

• Domethics, a proptech startup, 🇮🇹raised €725k from CDP VC.

• Wishew, a UK-based social network, 🇮🇹raised €10m from LMDV Capital.

• NextUp 🇮🇹acquired Sweet Lilium → investment vehicles merging, a new quick way to enhance portfolio diversification? ;-)

• JAKALA announced the acquisition of France-based ClaraVista.

• Maticmind 🇮🇹acquired GDMS-Italy.

• 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.

• Qlhype, a second-hand clothes startup, 🇮🇹raised €700k from business angels.

• Drinkme, a B2B wine and spirits startup, 🇮🇹raised €580k in a crowdfunding campaign.

• Neva SGR 🇮🇹joined a $100m Series D in Coro, an Israeli cybersecurity company.

• xFarm Technologies merged with Greenfield and Spacesense to hone its Geospatial AI.

• Edflex, a French edtech startup, acquired OfCourseMe.