The Week in Italian Startup

iGenius, Aidexa, Italian Founders Fund - June 18, 2024


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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

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The Week in Italian StartupBy Giacomo Mollo


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