Welcome to the week in Italian startup where we discuss the latest highlights happening in the Italian Tech and investment ecosystem. In this episode, we have some exciting news in the biotech and startup fundraising space.
Firstly, Avantgarde Bio, a biotech startup, raised €61m in a funding round which saw participation from Atlas Venture, Forbion, and Longwood. This is particularly interesting because it highlights the international capital flowing into the Italian biotech industry. Avantgarde Bio is working on the development of Next Generation Genetic therapy for retinal hereditary diseases. They are focused on delivering targeted proteins through innovative gene transportation methods.
The investors in Avantgarde Bio include Atlas Venture, a US-based fund with $2.2 billion assets under management, Forbion, a Dutch fund with a global presence, and Longwood, a US-based fund with a focus on the biotech industry. This shows the interest and confidence international investors have in Italian biotech startups.
Next, we have Isaac, a building integrity startup, raising €5m in a funding round led by CDP VC. Isaac provides technology that makes buildings smart and enables them to identify and treat structural issues, particularly related to earthquakes. This funding will enable Isaac to further develop their innovative solutions and expand their reach.
Other notable funding rounds include Freedome, an outdoor experiences startup, raising €2.5m led by Opes Italia, Repron Therapeutics, a biotech startup, raising €2m led by Claris Ventures, and Flying Basket, a UAV startup, raising €2m from Cysero. Additionally, Leonardo SpA acquired 10% of Flying Basket from its founders.
In other news, Eligo raised €998k from BRB Holding S.r.l., Mundimoto, a Spanish startup selling second-hand motorcycles, raised €10m and plans to enter the Italian market, and Vection Technologies announced the acquisition of InVRsion.
The Italian startup ecosystem continues to grow, with Deep Ocean Capital announcing Deep Blue Ventures, a seed/early-stage fund focused on deep tech such as space, AI, and health. The fund has already raised €40.8m in committed capital and aims to raise €70m. CDP also announced Galaxia, an aerospace incubator and tech transfer hub.
In addition, Italian Tech Alliance published a study on LPs in Italian VC funds, revealing that Italian VCs have €1.1Bn in dry powder available for investment.
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– [Avantgarde Bio raises €61m](https://www.dealflow.it/news/33582/a-avantgarde-bio-biotech-startup-raises-e61m-round)
– [Isaac raises €5m](https://www.dealflow.it/news/33698/isaac-building-integrity-startup-raises-e5m-round)
– [Eligo raises €998k](https://www.dealflow.it/news/33489/eligo-raises-e998k)
– [Mundimoto raises €10m](https://www.dealflow.it/news/33643/mundimoto-spanish-startup-raising-e10m)
– [Vection Technologies acquires InVRsion](https://www.dealflow.it/news/33481/vection-technologies-invrision-acquisition)
– [Deep Ocean Capital announces Deep Blue Ventures](https://www.dealflow.it/news/33564/deep-ocean-capital-announces-deep-blue-ventures)
– [CDP announces Galaxia](https://www.dealflow.it/news/33341/cdp-announces-galaxia-aerospace-incubator)
– [Italian Tech Alliance’s study on LPs in Italian VC funds](https://www.dealflow.it/news/33837/italian-tech-alliance-publishes-study-on-lps)
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Keywords/Tags: #venturecapital #italy #startup
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#venturecapital #italy #startup
AAvantgarde Bio, a biotech startup, 🇮🇹raised €61m in a round participated by Atlas Venture, Forbion, and Longwood.
ISAAC, a building integrity startup, 🇮🇹raised €5m in a round led by CDP VC.
Freedome, an outdoor experiences startup, 🇮🇹raised €2.5m in a round led by Opes Italia.
Repron Therapeutics, a biotech startup, 🇮🇹raised €2m in a round led by Claris Ventures.
Flying Basket, a UAV startup, 🇮🇹raised €2m from Cysero. Also, Leonardo SpA acquired 10% of the company from the founders.
Eligo raised €998k from BRB Holding S.r.l.
Mundimoto, a Spanish startup selling second-hand motorcycles, 🇮🇹raised €10m and is planning to enter the Italian market.
Vection Technologies announced the acquisition of InVRsion.
Deep Ocean Capital 🇮🇹announced Deep Blue Ventures, a seed/early-stage fund focused on deep tech (space, AI, health). The fund starts operations with €40.8m in committed capital, and the goal of raising €70m.
CDP 🇮🇹announced Galaxia, an aerospace incubator and tech transfer hub.
Reading this week
Italian Tech Alliance 🇮🇹published a study on LPs in Italian VC funds. According to the survey, Italian VCs have €1.1Bn in dry powder available.
Get in touch:
Email: [email protected]