Newcleo, the UK and Italy-based nuclear energy startup that Stefano Buono founded, aims to raise one billion euros in a new mega-round (see here a previous post by BeBeez). The scaleup previously raised 400 million from Club degli Investitori, LIFTT, Exor Seeds, and other investors.
On 21 March, Tuesday, Cube Labs, a venture builder for the healthcare & life sciences sector, listed on Milan market after having raised 4.1 million euros after having placed 2.05 million shares through a capital increase at 2 euros each (see here a previous post by BeBeez). The company’s 12.04% listed equity has a post-money value of 34.1 million. Cube Labs retained as advisors MIT Sim, EnVent Capital Markets, ADVANT Nctm, 4AIM SICAF, Ambromobiliare, Ria Grant Thornton, Bernoni Grant Thornton, Clarkson Hyde, and CDR Communication. After the listing, the company’s further shareholders are ceo and founder Filippo Surace (74.67% from 81.43%), chief strategy officer Renato Del Grosso (4.75%), Pietro Ragni (4.75%), and cfo Massimo Fiocchi (1.23%).
Eden Ventures, Italian Angels for Growth (IAG) and Vento Investments (part of Exor Ventures) signed a partnership for supporting the early stage projects of innovative startups (see here a previous post by BeBeez). The partnership aims to maximise the benefits of the key processes of early-stage start-up identification and subsequent investment in terms of expansion of the respective deal-flow. The firms will monitor the investment processes and provide operational support to the start-ups that will target together. Bug-Pilot, an AI-based provider of bug resolutions, is the first investment of Eden, IAG and Vento.
Milan-listed Azimut and B2B Gellify launched FNDX, a venture capital and private equity m&a advisory firm (see here a previous post by BeBeez). Fabio Nalucci will head FNDX.
Seed Money, an Italian investor in early-stage startups, launched an equity crowfunding campaign on CrowdFundMe for raising up to 500k euros on the ground of a pre-money value of 2.2 million (see here a previous post by BeBeez). Seed Venture Partners created Seed Money in 2014. The fund alread attracted 111k euros from 47 investors.
Gran Sasso Science Institute (GSSI) signed a partnership with Milan-listed Officina Stellare, a Milan-listed provider of components for the aerospace sector (see here a previous post by BeBeez). Officina will provide GSSI with the Terzina optical system for the NUSES (Neutrinos and Seismic Electromagnetic Signals) space mission satellite of which are partners Thales Alenia Space (a joint venture of Thales, 67%, and Leonardo, 33%) and the National Institute of Nuclear Physics and the University of Geneva. Officina Stellare has been 4.7 percent owned since last September 2022 by Satellogic, a leading space-based Earth observation company listed on Nasdaq since early 2022, following the business combination with SPAC CF Acquisition Corp, sponsored by Cantor Fitzgerald. At the time of the business combination, Satellogic had cashed in a total of $265 million, which included a $100 million PIPE deal underwritten by Cantor Fitzgerald itself and Japanese giant Softbank and a $150 million private placement in the shares of the SPAC underwritten by Liberty Strategic Capital, a private equity firm founded and led by Steven T. Mnuchin, former U.S. Treasury Secretary between 2017 and 2021 during the Donald Trump administration.
GenomeUp, an AI-based biotech startup, closed a round of 1.15 million euros that Scientifica and Innova Venture led (see here a previous post by BeBeez). The company also attracted the resources of Smart Lab Partner, Mailbì, Mgm, and Finalca. Simone Gardini (ceo and chief scientific officer), Giovanni Stracquadaneo (coo) and Nicolò Risitano (cto) founded GenomeUp in 2017. LUISS Enlabs provided the company with acceleration support in 2017. In 2018, GenomeUp attracted 0.06 million from LVenture Group and 0.14 million from Angel Partners Group and other investors. In 2019, GenomeUp received the acceleration support from the Global Innovation Program of Berkeley SkyDeck.
Solho, a Dutch-Italian high tech for the renewable energy sector that Adriano Desideri and Emiliano Casati created, raised 580k euros from Shift Invest, Rabobank (lead investors) and other firms (see here a previous post by BeBeez).